Pride Group Enterprises
Canada’s Pride Group files for bankruptcy protection, faces $100M lawsuit
One of Canada’s biggest trucking carriers has filed for bankruptcy protection after lender Mitsubishi HC Capital America filed a lawsuit seeking $100 million.
Pride Group filed Thursday for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada, which gives the company a stay of proceedings for at least 10 days.
“We have taken these steps to commence the CCAA proceedings and to seek recognition under the Chapter 15 cases so that we can maintain our current operations,...
Truck Tech: Summer ACTs edition
Playing with Lego bricks to illustrate supply chain disruptions, how the passenger vehicle market mirrors the trucking industry, and Hyliion’s Hypertruck free rides — those and other musings from the ACT Research Seminar 67 this week in Columbus, Indiana.
Explain it to me like I’m a 4-year-oldWhen you see some of the full-size creations from Lego bricks, you know they are not just for children. Check the recommended ages on some of the boxes if you want evidence.
Those plastic bricks helped Paul...
https://www.freightwaves.com/news/truck-tech-summer-acts-edition
Truck Talk: Trailer troubles edition
This week, we’re looking at how trailer industry leader Hyundai Translead is coping with a raft of supply chain issues preventing it from taking full advantage of demand, mixed signals on the Tesla Semi and some other electrification buzz.
An imperfect stormYou might think that trailer makers would be thrilled with month after month of strong orders. A bigger backlog is good, right? That’s not necessarily the case. We talked this week with Sean Kenney, chief sales officer at Hyundai Translead,...
https://s29755.pcdn.co/news/truck-talk-trailer-troubles-edition
Workhorse gets big electric truck order, but can it deliver?
Workhorse Group Inc. (NASDAQ: WKHS) booked its largest order of electric last-mile delivery vans to date. But the order is contingent on Workhorse being able to fulfill it.
Pride Group Enterprises, which operates 17 retail and rental truck locations in the U.S. and Canada, ordered 6,320 vans for delivery between this July and 2026 — five times the backlog Workhorse has for its C-650 and C-1000 battery-powered composite-body vans.
Slowed by a COVID outbreak at its factory in Union City, Indiana,...
https://s29755.pcdn.co/news/workhorse-gets-its-biggest-electric-truck-order-but-can-it-deliver
From Canada with love: Northern neighbor bullish on Tesla Semi
A Canadian trucking and logistics company has put money down on 150 Tesla electric Semis in what could be the biggest big rig order yet for the electric vehicle company.
Ontario-based Pride Group Enterprises also has the option to increase its order to 500 Tesla Semis, according to a press release.
“We believe that electrification is the way of the future as we work together across multiple industries to reduce our carbon footprint,” said CEO Sam Johal in the statement.
Johal said Pride is...
https://www.freightwaves.com/news/from-canada-with-love-northern-neighbor-bullish-on-tesla-semi