close

Alberta trucking company shuts down as provincial oil economy crumbles

An Alberta-based trucking company serving the province’s dying oilpatch has closed its doors due to a creditor-imposed bankruptcy.
Roberto Wakerell-Cruz Montreal, QC

An Alberta-based trucking company serving the province’s dying oilpatch has closed its doors due to a creditor-imposed bankruptcy.

Dalmac Energy, which for 55 years helped in transporting “hot oiler units” used in cold weather climates. The company closed its doors permanently on January 27, which will put 80 employees out of business.

The company’s end is apparently at the hands of a heft $7 million outstanding debt.

Dalmac CEO John Babic told FreightWaves that the debt made it impossible to even get payroll done.

The company’s closure had been looming for months, had they had already begun scaling down in size along with Alberta’s oil economy.

“This is a larger, sad story,” said Babic. “But I would have planned more carefully in hindsight.”

At their time of closing, Dalmac had about 60 power units, down from about 200. The majority of their 80 employees were drivers.

Join us!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Thank You!

Support The Post Millennial
Accepted payment methods: Visa, Mastercard, American Express  and Paypal
Roberto Wakerell-Cruz
0
Join The Discussion