Dalmac Energy: Oilpatch Trucking Company Dalmac Shuts Down As Bankruptcy Looms

Dalmac Energy, a trucking company serving Canada's struggling oilpatch, has shut down as a creditor-imposed bankruptcy looms. Alberta-based Dalmac ceased operations abruptly on Jan. 27 as a court-appointed receiver assumed control over the firm, CEO John Babic told FreightWaves. Dalmac had about 60 power units, down from about 200, and around 80 employees, mostly drivers."What happened is very unfortunate," Babic said ahead of a hearing that likely will place the company in bankruptcy proceedings. In business for 55 years, Dalmac specialized in moving "hot oiler" units used for oil well operations in cold climates. A drop in oil services spending in the fourth quarter hit Dalmac's bottom line, ...Full story available on Benzinga.com