Roadx Express Ltd., 10656925 Canada Inc., Blue Ocean Freight Inc., DXB Logistics Inc. and GTR Express Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CL-26-00000202-0000
Roadx Express Ltd. and four related companies — 10656925 Canada Inc., Blue Ocean Freight Inc., DXB Logistics Inc. and GTR Express Inc. — have been in court-appointed receivership since June 2, 2026, under section 243 of the Bankruptcy and Insolvency Act and provincial judicature legislation. The proceeding follows a Notice of Intention to Enforce Security issued by Royal Bank of Canada under BIA section 244, which put total indebtedness secured by its security at CAD $6,606,071.77 and USD $466,188.68 as of April 9, 2026. RBC holds a General Security Agreement dated July 28, 2023 from each company and a Cash Collateral Agreement dated June 12, 2020 from Roadx. The four related companies guaranteed the Roadx debt and are bound by a Guarantee and Postponement of Claim dated September 23, 2025 limited to $7,067,600.00. The receivership remains active.
Roadx Express Ltd., 10656925 Canada Inc., Blue Ocean Freight Inc., DXB Logistics Inc. and GTR Express Inc. — Receivership filed, Ontario.
10 earlier updates, back to 2 June 2026 — subscribers.
Filing brief
RoadX: nobody knows where the trucks are
Five trucking companies, rolling stock scattered across two countries, lessors who may already have repossessed some of it, and management who moved some of it. Myers J. appointed a receiver and then wrote several paragraphs aimed not at the parties but at everyone who is about to meet one — what a receiver is, what it is not, and why "the property is in Texas" is not an answer.
Debtor
Roadx Express Ltd., 10656925 Canada Inc., Blue Ocean Freight Inc., DXB Logistics Inc. and GTR Express Inc.
Applicant
Royal Bank of Canada
Receiver
msi Spergel inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated July 28, 2023; Cash Collateral Agreement dated June 12, 2020 — Total indebtedness secured by security per Notice of Intention to Enforce Security (BIA s.244); also stated in USD as USD $466,188.68 (companion figure, not summed) — debtor: Roadx Express Ltd. · as of 9 Apr 2026 | $6.61M | Motion Record of the Applicant dated May 22, 2026 Part 4 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
| Motion Record of the Receiver dated June 10, 2026 | PDF · Subscribers | |
Endorsement of the Honourable Justice Myers dated June 2, 2026
| PDF · Subscribers | |
Order of the Honourable Justice Myers dated June 2, 2026
| PDF · Subscribers | |
| Factum of the Applicant dated May 29, 2026 | PDF · Subscribers | |
| Responding Motion Record dated May 29, 2026 | PDF · Subscribers | |
| Second Supplementary Motion Record dated May 26, 2026 | PDF · Subscribers | |
Affidavit of S. Kahlon
| PDF · Subscribers | |
| Supplementary Motion Record of the Applicant dated May 25, 2026 | PDF · Subscribers | |
Motion Record of the Applicant dated May 22, 2026 Part 1
| PDF · Subscribers | |
Motion Record of the Applicant dated May 22, 2026 Part 2
| PDF · Subscribers | |
Motion Record of the Applicant dated May 22, 2026 Part 3
| PDF · Subscribers | |
Motion Record of the Applicant dated May 22, 2026 Part 4
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Roadx Express Ltd., 10656925 Canada Inc., Blue Ocean Freight Inc., DXB Logistics Inc. and GTR Express Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/roadx-express-ltd-10656925-canada-inc-blue-ocean-freight-inc-dxb-logistics-inc-a