ARROW TRUCKING GOES FACE DOWN!

[SXSW]

Maybe another local/regional trucking company like Miller or JB Hunt can buy the assets and keep a lot of these people employed in Tulsa?  I was reading the TW comments and multiple people are claiming this is Doug Pielsticker's fault.  I know the Pielsticker family is part of Tulsa high society attending fundraisers and such all the time, the type of people you see in Danna Sue Walker's TW column on a weekly basis.  They claimed he was stealing money from the company and lives a lavish lifestyle driving a Maserati to work while his wife drives a Bentley.  Interesting story, will be anxious to see how it all turns out.  Tulsa has a history of having companies like this that grow and their owners become extremely wealthy then it all comes crashing down abruptly...CFS, WilTel, SemGroup, Arrow Trucking???..

[Conan71]

Being as close to Arrow as I am, it's been sad to drive by and see the goings on. There was a pack of wreckers heading to Arrow's yard on S. Elwood earlier when I left to run some errands and a pack was there when I came back by.  More drivers are cleaning out their trucks and I've been seeing tractors being hauled off.

Some good to come of it is we've been seeing Transit Services tractors going in and out of the Arrow yard picking up idled loads.  I imagine the drivers can be assimilated into other companies pretty easily, but finding jobs for the 300 or so that worked in maintenance and in the HQ is going to be more difficult.  I'm still not clear on how many terminals they operated around the country and now their web site is down.

The bad part is the news is reporting recent paychecks were bouncing and there is no money for final pay.  What a shitty Christmas gift three days out.  

I went to the same school as Doug, I think he might have been in the same class as another of our members I'll let him mention it himself if he wants to.  He definitely grew up in the lap of luxury.  This was such a well-run and admired company for so many years in Tulsa, it's been very hard to watch all this take place down the block.  I'm sure the overall economy had something to do with this, but an abrupt halt to operations like this points to truly crappy management.

Some of the comments from users on media web pages have mentioned a Bentley parked in his spot at Arrow.  Just guessing, but I bet he didn't go into the office today.  Here's the thumbnail from his profile photo on Facebook, tell me what you think, I belive that's an NYC heliport and I think he might have been a bit on the materialistic side:

[dbacks fan]

At least the employees at the HQ can go home. The drivers stuck out on the road with no money and no fuel card are the ones that are really feeling it. From what I have been reading if they own a Freightliner or Kenworth, they can go to the nearest dealer and Daimler Financial will get them on a Greyhound to get home. Everyone else seems to be on their own. The thread I posted earlier has been encouraging for the drivers with other companies helping to get drivers home and several are asking for them to apply for positions. The trucking industry truly seems to be one to help one another in tough times, maybe some other industries could take a lesson from them.

[Conan71]

At least the employees at the HQ can go home. The drivers stuck out on the road with no money and no fuel card are the ones that are really feeling it. From what I have been reading if they own a Freightliner or Kenworth, they can go to the nearest dealer and Daimler Financial will get them on a Greyhound to get home. Everyone else seems to be on their own. The thread I posted earlier has been encouraging for the drivers with other companies helping to get drivers home and several are asking for them to apply for positions. The trucking industry truly seems to be one to help one another in tough times, maybe some other industries could take a lesson from them.

If Arrow was still moving quite a few full loads and keeping their drivers busy- there's still a demand for the drivers who will be assimilated into the system.

Transit Services has been hauling some of the loads out this afternoon, looks like.

[swake]

Being as close to Arrow as I am, it's been sad to drive by and see the goings on. There was a pack of wreckers heading to Arrow's yard on S. Elwood earlier when I left to run some errands and a pack was there when I came back by.  More drivers are cleaning out their trucks and I've been seeing tractors being hauled off.

Some good to come of it is we've been seeing Transit Services tractors going in and out of the Arrow yard picking up idled loads.  I imagine the drivers can be assimilated into other companies pretty easily, but finding jobs for the 300 or so that worked in maintenance and in the HQ is going to be more difficult.  I'm still not clear on how many terminals they operated around the country and now their web site is down.

The bad part is the news is reporting recent paychecks were bouncing and there is no money for final pay.  What a shitty Christmas gift three days out.  

I went to the same school as Doug, I think he might have been in the same class as another of our members I'll let him mention it himself if he wants to.  He definitely grew up in the lap of luxury.  This was such a well-run and admired company for so many years in Tulsa, it's been very hard to watch all this take place down the block.  I'm sure the overall economy had something to do with this, but an abrupt halt to operations like this points to truly crappy management.

Some of the comments from users on media web pages have mentioned a Bentley parked in his spot at Arrow.  Just guessing, but I bet he didn't go into the office today.  Here's the thumbnail from his profile photo on Facebook, tell me what you think, I belive that's an NYC heliport and I think he might have been a bit on the materialistic side:

I know Doug, or knew him. I haven't talked to him in 20 years, and that's perfectly fine by me.

[HazMatCFO]

There's a right and wrong way to do things and this is definitely the wrong way. No concern for employees and leaving drivers stranded is inexcusable. 

[Conan71]

I still can't fathom why they didn't file Chapter 11 months ago instead of literally running the business into the ground.

[YoungTulsan]

Storey wrecker reaps all the profits again

[DolfanBob]

Storey wrecker reaps all the profits again

Im not trying to get off topic, but you mentioned Storey wrecker.
My neighbor who works for Storey had to move out of his home that he bought two years ago, because their revenue has dropped so much he could no longer afford the payments and now is back to renting a smaller home. He has been with them over ten years.
He is a great guy and was a good neighbor. The kind you want to keep.

[Conan71]

Im not trying to get off topic, but you mentioned Storey wrecker.
My neighbor who works for Storey had to move out of his home that he bought two years ago, because their revenue has dropped so much he could no longer afford the payments and now is back to renting a smaller home. He has been with them over ten years.
He is a great guy and was a good neighbor. The kind you want to keep.

With their exclusive contract with the city for many years, I can't imagine Storey's revenue has dropped off.  The economy won't make for fewer break-downs, wrecks, and abandoned cars.  If anything, towing is like the funeral business, pretty much recession-proof.

[FOTD]

I still can't fathom why they didn't file Chapter 11 months ago instead of literally running the business into the ground.

Too much Cascia Hall inbreeding....

[sgrizzle]

Too much Cascia Hall inbreeding....

I'm wondering how come FOTD didn't see this coming as he claims to for everything else.

[dbacks fan]

I'm wondering how come FOTD didn't see this coming as he claims to for everything else.

Give it time, and an explination will come.

[Hoss]

I'm wondering how come FOTD didn't see this coming as he claims to for everything else.

Thanks for the trigger Scott.... 

[FOTD]

I'm wondering how come FOTD didn't see this coming as he claims to for everything else.

This occasional  memory has curtailed my prognostication, sorry. Eating crow is not my choice just the consequence.

Saw this coming but who knew how such a flagrant narcissist could ruin so many lives at one time at this time of year.

You want me to tell you the yellow lights are on our World?