TORONTO, Ont. – The Today’s Trucking Top 100 has become the definitive ranking of for-hire fleet sizes in Canada, offering insights into those who are adding or retracting available capacity. And the 2018 edition has been released. Rankings are based on a sum of supplied truck, tractor, and trailer counts (shown at the bottom of each listing)
TORONTO, ON – Gibson Energy is selling all its Canadian trucking operation, and most of the fleet it operates in the U.S., as it focuses business assets on crude oil infrastructure.
Between $275 and $375 million in assets are being sold overall, with the Canadian trucking operation expected to be sold by mid 2019, and non-core U.S. trucking businesses to be sold as early as the end of this year.
“Gibson Energy will no longer be thought of as a trucking business,” president and Chief Executive Officer Steve Spaulding said in a Toronto presentation for investors, suggesting that some of the company’s assets simply don’t fit with the company’s vision for the future.
LONDON, UK – M&G Investments is calling for a wide array of changes at Gibson Energy, including the exit of all trucking business not linked to core infrastructure assets.