Am I Wrong?

[Henry]

Lately it seems that many transportation businesses are filing for bankruptcy. is there some advantage to doing so and why are so many closing these days?

 

[theman]

The industry was in a recession of sorts from mid 2015 until recently so maybe money has just run out. There's always jokers out there but there have been a few reputable companies that have either gone broke or sold out to stalking horse bidders lately.

 

[lowmiler88]

I also believe that if you do not have any US Customers and are only getting paid in Canadian dollars that is really going to eat away at your cash that exchange is a killer. Like "theman" says companies are just running out of money without really even knowing why because they conduct business as usual and it is definitely not.