Canadian Trucking Company Pride Group Files Bankruptcy in US

Canadian trucking company Pride Group Holdings filed bankruptcy in the US to protect its American assets while it reorganizes under court protection in Toronto.

• The company blamed an industrywide downturn and the lingering impact of the pandemic for its troubles, according to court documents
• The company was founded in 2010 by two brothers as a used-truck dealership and eventually added related services and truck stops
• The Chapter 15 petition filed in Wilmington, Delaware prevents unpaid creditors from taking action against property the company has in the US
• A bankruptcy court in Canada will oversee Pride Group’s attempt to reorganize itself ...