ARROW TRUCKING GOES FACE DOWN!

[FOTD]

Bounced payroll....300 local employees are in deep doo doo....sad.

1000 total employed will lose jobs....

Tulsa World did not report this....

Dougie was no Jim....

[Conan71]

Bounced payroll....300 local employees are in deep doo doo....sad.

1000 total employed will lose jobs....

Tulsa World did not report this....

Dougie was no Jim....

You are the second person who said that about Doug this morning.  The trucking industry as a whole isn't doing badly these days.

Face down? I heard it's tits up.

[Hoss]

You are the second person who said that about Doug this morning.  The trucking industry as a whole isn't doing badly these days.

Face down? I heard it's tits up.

Tell that to one of my co-workers who left where I work now to be a recruiter at Arrow.  Had no idea this was happening.

And while I don't work in the trucking industry, I work for a company who directly serves 90 percent of the top 100 of these companies.  They aren't doing real good just yet.

[Conan71]

One of our techs came in and said he saw tow trucks taking away tractors.  I drove past and there's quite a few personal vehicles pulled up to rigs, unloading their personal belongings.  People milling about in the parking lot, the news media on the east side of the street with cameras pointed toward the admin building.  The maintenance shop is locked up tight and tractors are starting to pile up there.  Truly a sad thing to see.  My office is about 4 blocks from there.

There was a security guard turning in one of the lots when I was passing on Elwood. 

Damn shame. I just can't believe the end was so abrupt.

[Conan71]

Hmmm from their web site:




"Founded in 1948 and headquartered in Tulsa, Oklahoma, Arrow Trucking Company is one of the country's largest and most financially sound flatbed motor carriers. "

I guess that was total bullshit. 

[guido911]

Bounced payroll....300 local employees are in deep doo doo....sad.

1000 total employed will lose jobs...

Bush's fault.

[Conan71]

Bush's fault.

The comments on-line are not very kind to Doug Pielsticker today on any of the news web sites which allow user comments.

[Red Arrow]

Hmmm from their web site:

"Founded in 1948 and headquartered in Tulsa, Oklahoma, Arrow Trucking Company is one of the country's largest and most financially sound flatbed motor carriers. "

I guess that was total bullshit. 

We don't know the financial condition of the others....yet.

[Conan71]

Anyone else aware that Ramsey Winch had filled Chapter 11 last Friday?  They claim there will be no job loss related.  Apparently, they are saddled with $100mm in debt over the aquisition of a planetary gear drive company they bought up in the KC area earlier this year.  It's in the TW business section this morning.

[guido911]

The comments on-line are not very kind to Doug Pielsticker today on any of the news web sites which allow user comments.

The commentors are not seeing the change they can believe in.

[dbacks fan]

I have been following this thread http://www.topix.com/forum/business/trucking/TQGLM52QLQAR7RBA1

and two or three other companies are already trying to recruit the drivers that have lost their jobs, and some of the shippers and receivers are will ing to pay the drivers personally for delivery of the loads, and there are a lot of people trying to help get the drivers back to their homes.

[guido911]

I have been following this thread http://www.topix.com/forum/business/trucking/TQGLM52QLQAR7RBA1

and two or three other companies are already trying to recruit the drivers that have lost their jobs, and some of the shippers and receivers are will ing to pay the drivers personally for delivery of the loads, and there are a lot of people trying to help get the drivers back to their homes.

There is some good news it seems.

[FOTD]

The commentors are not seeing the change they can believe in.

Just to keep this discussion honest!

[patric]

It's all the more sad for the employees who cant collect unemployment because Arrow played the "suspended operations" card.

[Hoss]

It's all the more sad for the employees who cant collect unemployment because Arrow played the "suspended operations" card.

The office personnel that I've talked to (well just one, but I've known her for about five years) said they knew it was coming, just not this fast.  My friend was able to secure employment elsewhere that starts the first week of January.  I'm praying for those others who haven't been so lucky.