TRUE NORTH Bankruptcy | Domino Affect with Canadian Trucking Companies
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- Опубликовано: 13 июн 2024
- TRUE NORTH Bankruptcy | Domino Affect with Canadian Trucking Companies
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THIS JUST IN! North American carrier, True North goes under with over 120 power units in their fleet. Ronen covers what we know so far and explains the details of the fallout shared by a current driver.
What do you think of another major company dealing with bankruptcy in 2024? Do you have any other information we haven't covered?
Leave your comments below!
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📚 Chapters
00:00 Introduction
00:33 What Is The Situation Like Currently
01:44 ET Dispatch Course LIVE NOW!
02:11 What Is The Community Doing?
02:48 What Could Have Been Done?1
03:48 Ronen's Message To All Drivers
04:58 Conclusion
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60 years an employee my common rule was miss a payday and I am gone.
Well, what about if you worked for the same employer for many years? One friday paycheck missed and you are leaving? What makes you think that it is not a temporary problem?
@@krasavchik8714 I don't see anything wrong with what he said. He's essentially working for free after that missed payday, and many of us have a problem with that.
Or, you could look at it as the driver loaning the company that money.
Would you loan your employer money or work for free? I don't think so. Especially when there are obvious signs of financial trouble on their part.
Gotta know your standards!
If you’re working for a company in whatever capacity, if you have one single check bounce, run! That is never a singular anomaly.
This is so true. If your driving for someone and you have to wait for them to get paid by the broker, that is a problem. A company should be able to cover the driver costs well before they accept a load from the broker. If not, might as well be independent.
Yup!
I worked for a very large multinational company and they paid me late one day and I bounced an insurance payment. I was young and gave them the benefit of the doubt. Now that I'm older and crankier I'd make them pay my NSF fee
I work for True North and its all over with.
Where are all their equipment being stored?
Worked
@@anarchy6751 Yes worked, I got the terrible news while on the crapper.
We have one that just announced that it's closing its doors in Jacksonville FL. RAVEN TRANSPORTATION
Wow, it's like a new one every day
😎I knew four drivers who worked there and lost money over $10,000 as drivers! and one of them even had a heart attack💔from stress and died! This is very sad! you're doing a good job too, Ronnen, thank you for the video!😊👍
Those guys don’t look Canadian to me!!
I do not get payed for the 1the pay next day I will not go to work .
Absolutely.
Why wait 3 months lol
Wise man that you are!
Thanks for your great attention to this industry. As someone just looking to get into this industry, I appreciate the information you share here.
Thanks for watching!
Drivers don't realize the power they have. They should just stop driving. Let the company shake and shiver. Ask for payments upfront. Change the way business is done. It's time to flip the power on to people...
Easy said than done…
True
Try that and the new immigrants will replace you tomorrow.
True North was a scrub company from the word go . I went there to see about work several years ago . After talking to them for 15 minutes I couldn't get out of there fast enough .
Ask for payments upfront, that's a good one.😂😂😂
Thank you for the information 😎💯🚛
Thanks for watching!
The funny thing is I don’t understand how these companies even came about and they even have a fleet of Atleast 120 trucks. They can’t even pay their freaking drivers. So I know for a fact they did a lot of scam shit to even start the company in the first place and be able to grow. And there’s definitely other companies like this for sure….and these are the mfs who haul for cheap and ruin it for all of us.
Growing fleet is the easiest of the game. It's not always sign for good health.
They started small prior to covid. When covid rates hit, truckers started earning big bucks off every load. So, they took their profits and reinvested in new units to put more drivers out on the roads. Growing this aggressively, this quickly, is what doomed them because they didn't prepare for the moment when they wouldn't have the safety net of high rates. So now that freight is at the lowest it's been in years, they can't weather out the downtick
You're so right!
Doesn't surprise me one bit. I used to deal with that company all the time. Nothing but problems. They would send drivers in 2-3 days early for loads and demand they be loaded. The answer was always comeback in 2-3 days.
Great job 👏
Thanks for watching!
Im pretty happy with my company. We have been busy for the last 2 years and work hasn't slowed down. Knock on wood!
I've worked for two trucking companies as an owner operator that started to not pay employees on time. I left both of them shortly after the nonsense started. Neither of those companies are around today. If one decides to stick around at a company with financial problems they will get hurt. The moral of this story is act quickly when the writing is on the wall. Don't go down with the ship.
Good on you for recognizing the signs ahead of time!
I was hauling fuel in San Diego a few years back when a driver from another fuel company told me their truck washes stopped coming. I told him it's a sign the company is going under and he needs to get out. He didn't listen and stayed hopeful because the company had just offered him a management position to start 2 weeks later.
10 days after that conversation, the company went bust and every other fuel company, including mine, scrambled to snatch their market share across San Diego County. It's like a sin to allow gas stations to run dry.
Years later I ran into the guy at a gas station near my parent's house, working for a different fuel company. Still a bit salty about not getting into management but glad he was still on his feet. He said a few others weren't so lucky and now work OTR.
So, they're offering management positions to trick people into staying now?
@@NorthAmerican-Trucking-News that's what Evans Transport offered that driver. He was gonna be making $135k+ a year in 2017, which in San Diego at the time was the difference between renting in perpetuity and buying a home. By comparison I was making just shy of $70k and renting a 1 bedroom apartment, so it was a considerable jump in pay.
I totally understand why he'd hesitate to leave and hold out hope; it was a chance to own a home in the American equivalent of Vancouver BC's housing market. But when Evans faltered, his hopes did too. Last time I saw the guy he mentioned leaving California altogether and moving to Texas. Understandable considering the huge gulf in housing prices
When is your Dispatch classes start?
Finally some good news.Way to go Punjabi school of business!
Not Canadians
I've worked with owner ops who have held freight hostage, confronted owners in large groups out in the parking lot trying to get paid. In the end none of them got their money. The only thing to do is leave and pursue them legally if it's worth while.
Once they get to bankruptcy filing, it does get very pointless
When it comes to pay. As a driver first pay any “extra” deductions I leave no warning. Any no pay situations I keep the truck till I get paid
I don't understand how anyone would stay after 2 weeks of no pay. 2nd week is the last for me.
Yes I was going the same thing 😂.
That is the biggest stupidity.
If I miss my 1the pay, I do not show up next day and if I all ready start once I see pay not go true I came back right same second
When your a truck driver away from home leaving with all your stuff in your truck and needing to rent a rental car is easier said than done.
I left trucking recently, got to yard pre booked my rental and was shocked how much it cost. Trucking isn't as lucrative for somer company drivers, and they may not have the funds.
@@StarDark4 What about just driving with their truck and full tank as close as possible to their headquarters, dropping truck and getting into your car?
@krasavchik8714 another of companies will hold you legally liable if you don't return equipment its in the paperwork you sign when hired.
Good, let's get a few more of these crappy carriers outa here
They hire that, they deserve to go under
😂😂😂😂😂😂
@@williamhodges3941 what's so funny?
Haha
You can still get a True North air freshener at DG
Mr. R, That driver that is owed $40,000 ? Wait until the bankruptcy (Do they have that in Canada?) Then issue ( In the USA) a 1099 to the owner of that trucking company. You will be able to write off the entire amount down here because it is now considered wages and if the owner does not list it, well then IRS has his ass!
Thanks for sharing!
The last couple of years the word on the street was not enough truck drivers on there is not enough truck driving jobs.
True that
Hi I opened a transaction business and financed a truck and trailer. Last year
And now I’m few months behind on payments and they already reposed my truck
Can you please help me out to what to do?
Should I file for bankruptcy?
Thank you
Yikesssss. Send us an email to sponsorship@ettransport.ca, this might be best discussed by consulting with Ronen directly
How can you make a video talking about industry suffering and also make a commercial about lucrative industry?
The industry is suffering yes. But if we educate others on how we can recover together, building stronger, won't the profitable side of the market return? Have we forgotten that trucking used to be one of THE most profitable industries? We can make it great again. It's a cornerstone to society. So many industries would come apart at the seams if trucking ceased to exist. So, it is without a doubt, a profitable industry. The issue is that people are lowballing and trying to pull all the profit to themselves.
First red flag for driver is fuel card not working. I would have start looking for another job
100%
I could see why there cvor rating is probably thru the roof .
Yuppppppp
I don’t understand why people still work for someone that doesn’t pay you the most I’ll let go is two weeks threee months ?? That’s just stupid
Hope is a poison I fear
@@NorthAmerican-Trucking-News No,it's not hope.It's something else.LMIA perhaps.
Preferred Carriers did the same thing.
Wow
I read the title and thought it was True North Insurance.
Same they’re a great warranty
Yeah we should have clarified that one!
It's sad that this is happening but at the same time let this be a warning to any other driver out there that the first time a company misses payroll it's a massive RED FLAG to stop working for them NOW! Not when they owe you even more. Good luck drivers getting your money now.
DRIVERS understand either drive company or get your own authority NEVER let a company middle man YOUR money sheesh!!!
Yup!
COD ... why do owner operators finance everybody else . why does the owner operator finance the trucking industry . fuel . truck payments . insurance . then wait to get paid . something wrong here . the broker gets paid . the customer gets there delivery wile the trucker waits to get chump change .
Makes no sense when you think about it
If i was an owner operator and someone didnt pay me I would hold a load as collateral until i got paid. Its a big country, tinfoil blocks gps antennas too.
Wonder how you figured that out
@NorthAmerican-Trucking-News I used to sit in a tow truck for 12 hours graveyard shift. If it was dead the boss didn't like us driving around. I used to put cigarette pack foil on the GPS antenna and go visit a chick that worked at Hortons. That guy wouldn't pay me any more per shift it I worked past 12 hours so I didn't feel bad for being deceptive. He also deducted pay for damage which is illegal. (I missed and dented someone's fender on a call as i was beating on the wheel with a deadbolt hammer to try and get it off) I used to make up for when he didn't pay me for working late with a couple washer jugs of diesel out of the tank the next day cause I had a diesel pickup. Current employer I have never been deceptive or taken so much as a pen because they have treated me with respect and never exploited me. If they did, I would.
How are we supposed to feel sorry for someone who is stupid enough to keep working for someone who wasn’t paying them. After the second week, find someone else to work for.
True that. Some of the signs are too glaringly obvious to be missing them
Canada is in big trouble. I'm losing my shirt as an o/o. Nothing is coming back in.
It's always been in trouble. There was never a good day in Canada.
i sold my truck in 2019😂
As people keep voting Liberals, you will soon lose your underwear too
We're facing a rocky situation. This is what the ancients referred to as being stuck between a rock and a hard place.
Hey Ronin, if you need help translating the videos, please reach out to me. I speak Punjabi and can read and understand it.
That would be greatly appreciated, how do we contact you?
Never ever work more then a week for free, watch the signs first sign get out you are right
What you said!
The first time I don't get paid would be the last. To hold onto a promise is foolish.
Indeed it is
It all begins with the shippers, when they have a crappy attitude about the load you’re picking up you already know the money ain’t right.
Load king transport in Woodbridge is going out of business. They have no contracts and robbing from every drivers pay cheque.
Can you send us an email with the details to sponsorship@ettransport.ca? We'd like to look into this further.
Bet the office employees got paid.
That we don't know
This is a significant player on the GTA MTL corridor. All these drivers are Inc. and they are even more fragile when shit happens.
Yikesss
are these the drivers ?
If it is them, I'm sure they were very likely a problem on the road and in trucking anyway.
@@robp4616every time I see one that fits that description, they don't know what TF they are doing and don't belong on the road.... Not to mention, never shower!
@stoney5474 oh they shower, but only after parking in the fuel isle.
Indeed, indeed!
And another one bites the dust I think it's based upon a song🤣
I'm starting to believe that too XD
3 MONTHS!!?? I can understand the 1st payment but the 2nd week im out
😂😂😂😂 ain't no way.
That's the appropriate response, even we're stumped as to how they extorted three months of free labor out of him
😢😢 you guys have no idea how the trucking company is struggle to operate now days , freight charge is 70% down , broker is ripping off the carrier and only the shipper is making money, I believe government should step up and bring a national freight rare that should be fixed every day and no one should quote a freight lower than the government quote , I think it should be monitored by transport canada 😉
Absolutely not. The government is far too incompetent to be determining set rates.
Were you born yesterday??
Brokers are making money hand over fist. Brokers are taking 55% to 65% cut on the load they are brokering. Trucking is a mindless job and you are being paid accordingly because the mindless drivers are competing against other mindless drivers.
The government might not be the hero you're looking for chief...
When I work for someone first missed full pay and I’m out!!!! Over the years I’ve lost thousands over promises and sketchy bussiness people
True that true that
Hello
Hello!
I am Indian driver your country is job
3:10 bs. Last week only 140 or so mcs went out.
Oh?
😢
It's indeed very sad
In Canada don't buy never a truck and don't work in long howl trips. Get local get payed by hour, don't let them cheat you in miles they always do no way around.
Local does seem to have much better odds these days
Canada's trucking industry is collapsing.
I wonder if there was some sort of recent drastic change that has caused the trucking industry to go to shit.
Hard to say if this was drastic or slowly building up over the years, either way this current situation is horrendous
Easy way to always get oayed just take off the hood ,headlights and computer that should be about 15k to 25k on ebay but the first week I don't get payed I take the engine transmission and wheels along with the dash and seats out that truck or on all the trucks in the yard 😂😅
Lol that's right and don't forget DEF filter about 5-6k
@@user-to9em9ii2x yes that's a good one 👍
What you are suggesting is felony.
@@jaeinnmoon3279 it's a felony to rob drivers and if I park a truck what ever happens happens idk who's guna care on felonies win in this society hard work isn't respected go ask super ego they have whole trucks disappearing and they don't do a thing because they are all crooks
@jaeinnmoon3279 What are you suggesting for 130 drivers not getting paid?
Maybe your the owner of this company 😂
thats very good for all survivor as OP so many contracts are goint to be flyin on the air and a lot of them goint to be on load board before son bandits steal them from us loool.
Yuppp
Why do I see so many Hindu Canadian truck drivers throwing trash out the side of their truck at the truckstop?
Because they're trash. Get them off our roads.
They have no self respect thus the respect no one and nothing. Throwing trash out is a perfect tell; that driver is ALWAYS trash.
Because they want to make Canada look like India, a big shit hole
Not all of them are litterbugs.
They sh at street too. You just haven't caught any so far. In India it is national sport.
Hauling only 3 cars with Pick up truck from CA to TX .. key word is Only 3 cars Hauling not 4 .. you take home $6000 a week every week even more if you wanna work 7 days a week .. but 4 days 👍🏻👍🏻 $6000 take home .. I’m being not being even Slightly conservative about cost .. if you are your take home could be even higher
Interesting
Yeah,but canadian market is quite different than american.Hot shot services are almost not existing here.
We still have way too many trucks on the road, way too many drivers, and way too many o/o.
Until at least half of all the current drivers are out of truck driving work, freight rate will continue to get worse.
Meanwhile,tractor trailer school are busy training new drivers like hell…just passed yesterday morning one,loaded with students outside,getting ready to hit the market 😂😂😂😂
Welp
@@RomeoUrsu-fy9qo - as long as people like Ronen is posting video showing how wonderful trucking is, there will always be unsuspecting people getting into trucking 😵😵😵
Because driving a truck, 10% work of o/o job businessmen .
First dying chipper businessmen!😅
Thanks for sharing!
There's always warning signs you will learn after first company you work for goes bankrupt
That's what we always preach!
True North Company drivers made a choice to work under a smal business they were not on payroll just to cheat on taxes and that was a direct Tax act violation. They lost more what they cheat on Taxes. Of you are on payroll driver you have Labour law to protect you. This should be a lesson learn, don’t own a truck and title you shall be on payroll you have all the perks benefits i.e. over time over 60 hours even when paid milage, paid stads holiday, pay vacation and on time payroll ….
We always say, it pays to not go around the legal side of things
The problems is with covid 19 lots them overearch buys too many trucks and now is retraction on systems.when big carriers like jb hunt layoff is red flag.when carriers skip on payment get out now don't hang around i saw this western canada and backfire yes.😮
The first week they don't pay you shame on them shame on you for every week you continue to work without getting paid
They need to learn how to identify signs ahead of time
Hauled enough cheap freight for the math to catch up to its self and your broke . don't haul it cause its going that way brilliant thinking it covered your fuel and you paid the load brokers mortgage
It seems so
Take a brand new reefer home and lean sell it for your wages
Durka durka
??
If an employer fails to pay me, there is a very short period of time that I allow them to fix the problem-not a matter of weeks, but a matter of days. Don’t fall for this trap.
That's the way to go
Smh.
Thanks for watching!
Thats liberalism for you
Haha...
@@NorthAmerican-Trucking-News we having same problemsjust south of ya'll. Look at who is control of both countries look at when the troubles truely started. Here under obama fuel went sky high started to recover under trump and has doubled in price under biden . Then theres cali ive rufused loads in and out of cali for 15 years now. If people cant see what liberals are doing to both of our once great nations and continue to vote like 5 year olds throwing a tantrum then they deserve whats happening to them.
It's all over but the crying
Yeppp
This is a low margin industry and will remain that way because new immigrants can easily enter and keep working on low wages/Low return by basically surviving on noodles. The rates are getting lower because the new entrants are supplying cheap labor which is where the shippers are sending their jobs. Smell this BS now and get out of this industry.
Identify the signs ahead of time!
Mana Auto Transport Oakville stay away...
True North was a bad actor in the shipping industry - good riddance to them
I see I see
brampton lmao. indians!
What you expecting this companies they are all own it by Indian sir Lanka or Pakistani people and they are so cheap to pay money they love to collect big dollars but they don’t want to pay out . I am glad I am out of the trucking industry.
Hmmmm