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Ouch. Man what a stinger.Just a heads up. Maneuver Freight Services Inc. was named as a creditor in a large GTA based bankruptcy to the tune of over 1 million. The sister company, Rising Freight Services Inc., was also named as a creditor for 11K.
A copy of the notice to creditors can be found here:
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Yep, another million dollars plus removed from the industry - sends ripples all the way down the chain. Somewhere down the line somebody who was affected by this bankruptcy will not have the funds to pay a carrier for a move that is completely unrelated. Keep your ears to the rail. It's a good reminder for freight brokers and carriers to keep their AR tight in this market.Ouch. Man what a stinger.