CAT Global Inc

[JACKBURTON]

Any updates on payment trends? Are they better now? Being offered a load at a decent rate.

Haven't had upstairs asking me to chase them lately. Might be okay?

 

[Lisa@GTinc]

Absolutley not. We received payment on April 30 for a load that was invoiced on Dec 2.

 

[tasuinam]

Any updates on payment trends? Are they better now? Being offered a load at a decent rate.

we took a risk as well - sitting at 43 days

 

[LrgCar]

Thank you for the info all, decided to pass on it.

 

[wesward]

Any updates on payment trends? Are they better now? Being offered a load at a decent rate.

they no longer have Quick Pay payments suppose to be now 45 days but haven't seen money in 90 days

 

[Nga logist]

I guess good news who r waiting on their payments https://www.canada.ca/en/department...on-and-logistics-company-and-its-workers.html

 

[Fr8Guru]

I guess good news who r waiting on their payments https://www.canada.ca/en/department...on-and-logistics-company-and-its-workers.html

Wow

Guess it was just as dire as it looked

 

[Rob]

Quebec looking after Quebec. Liberal Laurentian elite looking after one another on our dime. Tariff relief for a trucking company?? Liberal graft is more like it. Firmly on the DNU list and will stay there.

 

[Shakey]

Certainly not easy to purchase that many understressed companies and come out smelling like roses, finally catching up with them.

 

[Fr8Guru]

@CAT Global

Any comments? You were quick to say there was no cashflow issues.

 

[MikeJr]

That member's last login here was Feb 15th. you may never get a reply to your question.

Keep well,
Mike

 

[theman]

Obviously they have been losing money, probably not helped by acquiring Penner?

 

[Shakey]

Obviously they have been losing money, probably not helped by acquiring Penner?

add in Trans Frt & SLH

 

[Fr8Guru]

add in Trans Frt & SLH

I worked with a guy who was at SLH... If even a third of things he said about the operations were true, that company wasn't worth a dime.

Things like deadheading back empty from NS to ON