Arrow Trucking Co., the 61-year-old Tulsa-based flatbed carrier, has suspended operations indefinitely, laying off employees and stranding scores of drivers around the country by cancelling fuel credit cards, company employees and drivers said.
After closing down the company phone system Tuesday morning and not accepting cell phone messages throughout the day, the company issued a statement from CEO Doug Pielsticker at 6:21 p.m.
“The company has been in negotiations with its principal lender,” Pielsticker said.
“Those negotiations are continuing, but the lender has elected to proceed with securing its collateral. The company is communicating with several interested parties and continues to seek a prompt resolution.”
One of Arrow’s lenders is Daimler Financial Services, which owns the company’s Freightliner trucks.
Beginning just before noon Tuesday, callers to Arrow’s west Tulsa offices were greeted with a recorded message: “Drivers, if you’re in Freightliner KW, please take your truck to the nearest Freightliner shop. Call this hot line number to Daimler, (877) 294-9679. They will arrange for you a bus ticket home.”
A spokesman for Daimler said the company is offering stranded drivers a bus ticket home or $200 in cash.
But many drivers didn’t have enough gas to make it to a Freightliner shop, Tulsa or even their next delivery.
LINK HERE
SHOULD HAVE BIN A BUS DRIVER
ReplyDeleteput me on the marakesh express.
ReplyDeleteHell, whats in the back of those trailers. I'll give you $1,000 for a trailer of good products like liquor, beer, cigarettes, ect. I'll also give you enough $ to drop it off and DRIVE home yourself. This shit isnt going to end pretty.
ReplyDeleteNot real big news as transportation has actually been down over 30%, including rail. Just look at all the rail cars sitting on the sidelines.
ReplyDeleteI know someone who works for a company whose transport business is good because they deal in cardboard. Business is up probably because of all the people still moving out of their foreclosed homes.
I wonder how many other Trucking Companies may be following this one and without trucks how will the Stores and Wal-Mart.
ReplyDeleteThe Ocean Shipping and Railroads may find themself in a similar problem.
What this shows is that our system is vulenerable on many fronts.
3:09 would you chip in some money with other people to help the driver get home even if there was nothing in it for you?
No, the company is offereing to get them back home. Would you go to work tomorrow if there was nothing in it for you?
ReplyDeleteThis sort of stuff so sad. To see decent, hard working people basically thrown out of their jobs. And now what will these poor truck drivers do? I don't mean to stereotype, but most people who engage in blue collar type of work have a limited skill set. Some of you may say "oh well just train for a better job in another field". That is very difficult if you have a family, kids, rent or a mortgage, other expenses, etc....
ReplyDeleteEven though I am employed, I am always afraid that my company will be next. Thankfully, I have a backup plan. I hope you folks have one too. Happy Holidays.
Unfortunately, it is necessary in an economy facing entropy. We have come to rely too much on transportation and that was destined never to have lasted forever. for now, as long as people are going to wal mart to buy things there will be at least the minimal number of trucks getting there. That is at least until gas is not exhorbitant or things come to a dead stall.
ReplyDeleteUntil gas is exhorbitant I should say.
ReplyDeletethis is great news ,im starting my new trucking company, as we speak , wow what a oprotunity,,
ReplyDeleteTwo things. One, are they hiring anyone to replace these truckers? Because if lots of truck drivers are getting laid off then lots of STUFF including food is not going to be being delivered to your local stores.
ReplyDeleteTwo : If they are replacing american truckers with mexicans driving straight through to their destinations as was the plan, there's going to be Trouble.
They really think all these americans are going to go into abject poverty without a fight while illegal immigrants are getting paid?
Lately, I'm seeing the only people still employed in many conventional jobs such as construction, lawn care, maintenance are illegal immigrants.
This ain't gonna be purdy.
Dont be silly.
ReplyDeleteThe jobs are evaporating because the economy is evaporating. That means people are buying/consuming less. That means economic growth as slowed down and now may even be in reverse. We couldnt keep growing forever, after all.
Why are you paranoid the mexicans are going to take over the trucking industry? That is just dumb.
wait a minute..... i thought they said the recession is over !....?...! "back from the abyss..." , et al...
ReplyDeleteMy brother has been a coast to coast trucker forever. I'm proud to say he has driven more than a million miles without a ticket or accident. He owns his truck and leases it to his employer. He drives it very carefully, so it can get 8-9 MPG rather than the normal 5-6.
ReplyDelete6:52 is correct. When you stop buying stuff from Wal Mart and others, it hurts everyone. I understand the practicality of using trains to carry the load most of the way, so my brother will soon be a "short haul" driver with a "long haul" truck.
Before he took up truck driving, he worked in a print shop. We all know how many print shops have gone belly up. Nobody needs posters and fliers these days.
I'm broke and unemployed. I am not buying anything that is not necessary, food, gas, utilities. Ford never took any bailout money, but now they are buying out the workforce. Perhaps the only choice for them is to build one model of car and truck and make it the best quality build on the planet. The first Ford's came in one color (black) and no options. It sold brand new for $750.00. Naturally the price would be higher, but I have to believe there is a huge cost involved shutting down the line and restarting it to build a different model, with different colors and options.
It's back to basics times.
I built a dehydrator for my garden produce. I have Mason jars full of dehydrated veggies. When it's time, add water, cook and eat.
Wal Mart has it's own fleet of trucks, so they would be the last one standing, sad to say. I do give them credit, tho, they drive older models, mostly International, instead of trading all the time..helps the bottom line I guess and those drivers don't get paid that great as far as trucking goes, gee...what a shock.
ReplyDeleteSlowly building my food and water reserves. I probably have three weeks of food in storage so far.
ReplyDeleteNot a word of this in the MSM so far. I guess they are too busy with celebrity gossip to care.
ReplyDeleteAmerica is slowly falling apart. Just remember the frog in the frying pan. The pan slowly heats up but the frog do not recognize the heat that is slowly building up. The same applies to we Americans. One failure after another, but we do not recognized what is going on around us. Get busy living or get busy dying.
ReplyDeletehellow...
ReplyDeletethanks for sharing this info and hope it will help other who are interested on business bankruptcy filings
One solution maybe to help solve the economic problems causing this horror for working folks, is to listen to consumers as they stated repeatedly wanting to purchase items that are discounted. This is deflationary. If this happens, folks still with money will purchase again which in return will increases demand for trucking. Our government acts different by creating inflation to pay down the national debt with printed dollars scaring some people into buying today as they think their money will be worth less in the future. Reality is that folks who are losing will not be choosers and take any job at almost any price they can get after government dependency money stops.
ReplyDeleteNow does it stands to reason that when a businessperson of any kind with customers asking for cheaper prices can deliver to such demand will take the opportunity? Who will win then deflation or inflation?
To me the eventual outcome will be determent by the truth NOT by corrupt bureaucrats but by “WE THE PEOPLE………just as it was written in 1776.
Remember we are The United States and not Europe, Russia or China!
After all we ran away from those places to come here and make it better for our selves.
John B.
5:16 The problem with what you are saying is that the PEOPLE decide is that they are simply going along with the Bankers and Federal Reserve that control and create the economic problems.
ReplyDeleteWhen the people do not have food, energy, and money then most will simply do what they are told to do.
You would be right if PEOPLE simply took their money out of the Banks and converted it into something else goods or script money they controlled. Then PEOPLE refused to pay Federal Income Tax and also cleaned up Congress and government so that people who were honest and service minded were in office.
Unfortunately most PEOPLE are really SHEEPLE
True but most people living in the colonies in 1776 were that way also.
ReplyDeleteJohn B.
6:16
ReplyDeleteI'm not planning to "do what I'm told".
One place to start is to draft letters of termination and send them to our Senators and Congress, a polite way of saying, you as servants of the people are hereby terminated. Your service to We The People is finished, pack your things and get out. I could get a crew of illegals from Home Depot to assist in vacating their offices. After that, we start over.
California is looking to create a part time, state government. The pay would be $58K a year. The whining out of Sacramento is loud and clear, these bastards are only in it for the money, the power, the hookers and "junkets". I would be happy to take the job for $58K in a full time capacity. Antonio Villaragosa, mayor of Los Angeles blew $120,000 tax payer dollars to go to Copenhagen. That burrito breath bastard had no reason to be there. He's nothing but a whore.
When do the "Servants of the People" ever get paid more than their Masters?
I've been starting to pay cash rather than use a debit/credit card. It feels better. What is depressing is seeing where the country is headed and not knowing how to escape. The taxes here are ridiculous. I plan to start learning (again) how to grow vegetables and to start stocking up (even more) on staples but the sad fact is that come April 2010 another check is going to Washington DC to pay them for the privilege of them allowing me to work by butt off every day so I can tithe to the PTB.
ReplyDeleteMerry Frickin' Christmas
Didnt the article say Flatbed trucks? dont you guys know what they are and what they carry?
ReplyDeleteHey 6:52...WAKE UP most are foreigners, they
stop on my job outside of NYC every day and ask
for directions...barely can speak, driving
75000lb rigs in sandals, shorts and their
company CANT EVEN AFFORD A $150 GPS TO GET
THEM TO THEIR TARGET...THESE GUYS ARE ON THE
ROAD WITH YOUR WIFE, CHILDREN, MOTHER AND
FATHER IDIOT!! think about it.
You make wild assumptions that arent even correct. Have you met many truckers in your life? Ever been to a truck stop, for christ sakes? Most of them are NOT foreigners. Taxi cab drivers - maybe! - but not truckers. The majority of them are good old white boys from the US of A.
ReplyDeleteJust because you imagine something doesnt make it true.
That was to 9:36
ReplyDelete1:24 that was true until recently. The govt went ahead and signed 'legislation' allowing mexican truckers to drive all the way through the USA to the final destination for the goods thereby eliminating alot of american trucker jobs.
ReplyDeleteI think lots of mexican truckers are gonna get shot on the road in the coming months.
I doubt it.
ReplyDeleteThe biggest problem facing truckers today is the price of oil (running lower) and decreased demand in goods (shrinking economy, not unrelated to oil).
Let's hope nobody gets shot for trying to feed their family. Just get them out.
ReplyDeleteThis company Arrow Trucking about 75% of its business is US Military contracts moving ammunition and equipment.
ReplyDeleteAbout 400 Truckers were givn a pink slip this is not a small company.
The CEO cashed out his check and left everyone else screwed. He knew weeks and probably months ago what was going to happen.
If anyone needs frieght services please contact Jake with Spring Creek Logistics. 905-563-9989 or csr2@springcreekcarriers.com
ReplyDeleteAll the best to Arrow and anyone affected by this.
great post!
ReplyDeletereally sounds interesting..where can i find more information with regards to this topic?
Transportation has played a big role in the society. Without transportation, people will not be able to cope up with the changing times.
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