Panjaab Transport placed into receivership

I am sure there are many truckers turned trucking company owners reading Jim’s post scratching their heads and saying….huh???? Unfortunately that is a major problem in our industry, a serious lack of business experience. Being a great trucker, fabulous baker or an excellent candle stick maker, doesn’t automatically mean you will be a successful businessman.
 
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loaders said:
I am sure there are many truckers turned trucking company owners reading Jim’s post scratching their heads and saying….huh???? Unfortunately that is a major problem in our industry, a serious lack of business experience. Being a great trucker, baker, candle stick maker, doesn’t mean you will be a good businessman.
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so much of the problem with the industry is baked into this observation
 
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YYZRIDER said:
Pablo Escobar likely thought the same about his industry.

Evidently, businesses don't survive long on such models.
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I don't think the business plan was ever to 'succeed' in the traditional sense. Sounds like these guys were there to scam starting from day 1. Hopefully they're not allowed to buy back for pennies on the dollar like Pride.
 
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TRKINSURE said:
I don't think the business plan was ever to 'succeed' in the traditional sense. Sounds like these guys were there to scam starting from day 1. Hopefully they're not allowed to buy back for pennies on the dollar like Pride.
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Correct. The plan was never to succeed!
 
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