True North Freight Solutions Inc. and North Shore Logistics Inc., Receivership

True North Freight Solutions Inc. and North Shore Logistics Inc., Brampton, Ontario-based trucking companies, were adjudged bankrupt on May 6 and placed into receivership on May 16 on application by BMO, owed over $20 million.

The company reportedly has 120 power units and employs 140 drivers, many of whom recently complained that they have only received partial payment or haven’t been paid at all for their work.

According to the Federal Motor Carriers Safety Administration’s website, the company also had a pending insurance cancellation at that time. 

BDO is the bankruptcy trustee/receiver.

Counsel is Aird & Berlis for BMO.

By: Dina Milivojevic