Debt, losses sink indigenous-owned Canadian carrier featured on ‘Ice Road Truckers’

[Mike]

Tli Cho Landtran Transport, a trucking company once featured on the TV series “Ice Road Truckers,” is shutting down along with several affiliates that hauled freight in some of Canada’s most treacherous freight lanes but faced a staggering load of debt and mounting losses in the millions.

Tli Cho Landtran, Ventures West Transport and two affiliates incurred C$18 million in losses in the fiscal year ending in March, their owner, Tlicho Investment Corp, said in a Nov. 27 court filing in Alberta seeking creditor protection. By the end of October, their debt reached C$60 million with assets worth about C$40 million.

Debt, losses sink indigenous-owned Canadian carrier featured on 'Ice Road Truckers’

Tli Cho Landtran Transport and affiliates will be closed and possibly sold after losing C$18 million in the past year and facing mounting debt reaching C$60 million.

www.freightwaves.com

 

[GAnthony]

i watched that show, can't say i ever saw or heard of that company.

 

[Phantom Trucker]

Good on them. They drove Ventures West into the ground after they bought them.

 

[Electric Chicken]

Diamonds. The scam is over, folks. [HASH=20]#MGTOW[/HASH]

 

[Electric Chicken]

So 18mil lost in one year. 60mil debt.

Sounds like they were never a profitable enterprise.

Somebody was throwing parties methinks.

 

[Nomad1]

So 18mil lost in one year. 60mil debt.

Sounds like they were never a profitable enterprise.

Somebody was throwing parties methinks.

I can't imagine how big those parties had to be.

 

[Electric Chicken]

I can't imagine how big those parties had to be.

That's cuz your blow is as low class as your hookers.

 

[389 Hood]

That's cuz your blow is as low class as your hookers.

Dammit boy. You hit low!

 

[Electric Chicken]

Dammit boy. You hit low!

It's okay I was there.

 

[Duck]

That's cuz your blow is as low class as your hookers.

 

[Uncle Birchy]

i watched that show, can't say i ever saw or heard of that company.

I'm waiting for Quest TV to step up their game and get Deep Sea Fishing re-runs..

While they're at it they can get beyond season 3 of Dual Survival..alway Cody , Dave or Cody n Joe.

Well Joe and Matt Grahmn made a good team too