Trucking company with 41 drivers shuts down after dispute with bank

Capt. John

A 46-year-old Canadian trucking company has been put into receivership at the request of Royal Bank of Canada (RBC), which said the carrier owes it $6.7 million.

Kingsley Trucking ceased operations on Thursday, the same day that the British Columbia Supreme Court placed the carrier into receivership due to the company’s being “unable to secure a transaction, financing, or other arrangement to address the defaults or repay the Indebtedness owing to the Bank,” according to court filings.

The...

https://www.freightwaves.com/news/trucking-company-with-41-drivers-shuts-down-after-dispute-with-bank

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