SASKATOON – Up to 100 workers at Saskatoon’s Yanke trucking head office are reeling after learning this week they’ll lose their job following the company’s sale to a U.S. buyer.
Yanke operates approximately 300 tractors, including more than 100 team expedited trucks, and generated approximately $90 million in revenue in 2012.
CEO and president of Yanke Russel Marcoux is retiring and the company has been sold to the Indianapolis-based Caledon Group.
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Reports say virtually all of Yanke’s truck drivers will be kept on but the sale will result in the close of the head office in Saskatoon, meaning layoffs.
Celadon will maintain a number of Yanke’s terminal locations throughout Canada.
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Many workers Global News spoke to Wednesday said they were blindsided and they’re angry they weren’t given more notice.
Some workers could be gone as early as Dec. 2.
The acquisition will see Caledon increase its fleet to more than 800 drivers making it one of the largest carriers in the country.
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