They knew well enough in advance, they didn't have to dump the drivers without notice.

I also hear, the banks wouldn't open the wallets. Funny, the Banks CEO's are makin' out big time.

Arrow Trucking Shutdown Strands Drivers
Dec 24, 2009 6:49PM GMT
The Journal of Commerce Online

Company reportedly negotiating with lenders, Schneider National offers rides to drivers

Flatbed carrier Arrow Trucking suspended operations this week, stranding hundreds of drivers around the country on Christmas Eve as the company reportedly tries to get new financing to resume business.

Company drivers learned of the shutdown when the Tulsa, Okla.-based company canceled its fuel credit cards on Tuesday, according to published reports. The company sent workers at its headquarters home Wednesday and by Thursday its phones were not operating and Web site was shut down.

Truckload carrier Schneider National issued a statement Thursday saying its trucks and drivers would offer rides home, “or as close to home as possible,” to an estimated 1,400 drivers who may have been stranded by Arrow’s abrupt action.

Arrow CEO Doug Pielsticker, meanwhile, issued a statement to the Tulsa World newspaper saying the 61-year-old company is trying to resume business.

“The company has been in negotiations with its principal lender. 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 see a prompt resolution,” Pielsticker said.

One lender, Daimler Financial Services, which has financed Arrow’s Freightliner truck purchases, told drivers to return trucks to Freightliner facilities to get a bus ticket home.

Wow. They mention the drivers, but they don't mention that, along with those 1400 drivers, there is going to be a HUGE disruption in supply lines. I would be willing to bet that at least half of those drivers were hauling loads at the time of the shutdown.

So, even if Arrow gets back up and running, an awful lot of companies are going to consider them unreliable and will find another trucking company to do business with.

Good point, sounds like this wasn't thought out very well.

agreed

They took a lesson from the Gov and have been operating in the red for quite sometime and borrow their way out of debt.

Hey, I would just drive that truck home, let the bank come and get it.

I've heard Arrow is one of the worst trucking companies to work for.

wow if they had been rich the government would of bailed them out . and they would be getting big bonouses in stead of a ride on the grey dog .
You don't mention there familys , kids , parents who need there help . and others . the stores and credit card cos. that they owe . and last but not least the money they are owed but won't get .
Obama the working people need your HELP too. you've taken care of the pigs , how about the people who built this country ?????????

I agree

Never happen.

The Dems want everyone in this country to be leaning on the government on either the unemployment or welfare rolls.

The more people have to rely on the government for their welfare, the more people will keep voting for the people who give them money for nothing.

The best way to crush the opposition is to lead it. - Vladimir Lenin.