XTERRA transport

ASAP

New Member
1
Is anyone get paid recently? We did a load for them in June and found out they went bankruptcy right after.
 

Shakey

Site Supporter
20
not if they owe the bank this much................

CA3865BAM714XTERRA TRANSPORT CORP.3131 BOUL DE LA CONCORDE E BUREAU 402LAVALQCH7E4W4
8/23/2019​
572086​
PQXTER2ContractCANADIAN IMPERIAL BANQUE DE COWrit of Summons
 

lowmiler88

Site Supporter
30
$572,000 is not even 4 new trucks, I just did monkey math on what the value of our rolling fleet is and I suggest don't do it because the return sucks (but we who own equipment already know that). Is there any paperwork on this bankruptcy? They don't owe us any money but always like to see who we should worry about if they got hit to hard.
 

Henry

Active Member
10
ASAP. Did you receive the bankruptcy docs? You can still go after the shipper and receiver . You should contact the receiver as he will most likely pay you once you advise him he is in receipt of trust money.( If the carrier received payment)
 

loaders

Site Supporter
30
The carrier would only be in “receipt of trust money”, if he had set up and used a trust account as mandated by the Ontario HTA for anyone brokering freight. Chances are more than likely they did not. There might still be some recourse for those unpaid carriers by persuing the shipper provided all of their paperwork is in order and they employ the services of an experienced transportation lawyer, or paralegal.
 

bbfly

New Member
2
$572,000 is not even 4 new trucks, I just did monkey math on what the value of our rolling fleet is and I suggest don't do it because the return sucks (but we who own equipment already know that). Is there any paperwork on this bankruptcy? They don't owe us any money but always like to see who we should worry about if they got hit to hard.
Xterra was a broker / his website was total bs ..
no warehouses and he was bringing containers from china and europe .
 

Shakey

Site Supporter
20
The carrier would only be in “receipt of trust money”, if he had set up and used a trust account as mandated by the Ontario HTA for anyone brokering freight. Chances are more than likely they did not. There might still be some recourse for those unpaid carriers by persuing the shipper provided all of their paperwork is in order and they employ the services of an experienced transportation lawyer, or paralegal.
but they were based in Quebec
 
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