Light Speed Logistics lender CIBC has secured a court-appointed receiver over key financial assets and a large portion of the carrier’s trailer fleet, according to a Receivership Order issued by the Court of King’s Bench of Alberta.
Rocky View, Alta.-based Light Speed Logistics was the 37th largest for-hire fleet in Canada in 2025 according to the Today’s Trucking Top 100 list with 330 tractors and 850 trailers.
CIBC, the secured creditor, applied for the order, which places Grant Thornton Ltd. in control of the company’s accounts receivable, bank accounts and more than 150 Utility refrigerated trailers manufactured between 2018 and 2020. The equipment list, filed with the court, includes both tandem- and tridem-axle reefers.
All proceedings against the company or its assets are stayed unless the receiver or the court approves otherwise.
