A heavily indebted Canadian trucking company has shut down after a court-appointed trustee assumed control of the Calgary, Alberta-based carrier and terminated 131 employees and contractors, most of them drivers.
People Express Transport, which specialized in hauling produce and meat in western Canada and the U.S., ceased operations on April 22, the day that a judge placed the carrier into receivership under Canada’s Bankruptcy and Insolvency Act. It had a fleet of about 150 trucks and owed...