Correction: Canadian Firm Bruce R. Smith Ltd. Is Restructuring

A story on TTNews.com Wednesday incorrectly stated that Canadian trucking firm Bruce R. Smith Ltd. was in “bankruptcy.”

The firm has not filed for bankruptcy protection but has obtained protection from its creditors pursuant to Canada’s Companies Creditors’ Arrangement Act, which allows the corporation time to restructure its business and affairs.

Simcoe, Ontario-based Smith, which began operating in 1947, has about 250 trucks, 1,100 trailers and 325 employees and transports steel, beverages and refrigerated products.

During the restructuring, Smith said it will operate “business as usual.”