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

 

[bigt]

Just wanted to update that i was away and new dispatcher took couple of loads. I was bit worry when i saw it but they paid with in 32 and 35 days for both ( over $11000) without even us contacting for payment. So, things might be getting better with their payment.

 

[JACKBURTON]

Just wanted to update that i was away and new dispatcher took couple of loads. I was bit worry when i saw it but they paid with in 32 and 35 days for both ( over $11000) without even us contacting for payment. So, things might be getting better with their payment.

Yeah they're paying us pretty promptly too. Though a little 90 million dollar bump in the bank account probably helped them along.

 

[Michael Ludwig]

So, things might be getting better with their payment.

Should be ... they have 90 million of our tax dollars !!!

 

[bigt]

Can i have couple of million of tax dollars Please?

Not familiar with story but did they get some sort of grant from Govt.?

 

[JACKBURTON]

Can i have couple of million of tax dollars Please?

Not familiar with story but did they get some sort of grant from Govt.?

Yeah 90 million. Because of "tariff uncertainty" or some such.

 

[Pinktruck4]

Just wanted to update that i was away and new dispatcher took couple of loads. I was bit worry when i saw it but they paid with in 32 and 35 days for both ( over $11000) without even us contacting for payment. So, things might be getting better with their payment.

LOLOLOL after getting 90 million from the government they better be paying on time now