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Arrow's Bankruptcy * USA - Truckmakers hunt down missing trucks
Tulsa,OK,USA -Today's Trucking (CAN) -13 Jan 2010: -- Truckmakers are still busy tracking down hundreds of trucks across the U.S. abandoned by drivers who were unexpectedly laid off just before Christmas by bankrupt flatbed carrier Arrow Trucking Co. ... There's still trucks and trailers scattered across the country that haven't been accounted for... Navistar and Daimler are struggling to retrieve hundreds of pieces of equipment... Of the 125 International trucks and 125 flatbed trailers, Navistar has found 43 trucks and trailers, the World reports. It is offering a $200 reward for tips that lead to the equipment... Daimler has been somewhat more successful. It has tracked down 835 out of 967 trucks, but still has 429 trailers missing... Arrow ceased operations on Dec. 21, without warning. It layed off all 1,400 employees and drivers without notice after its main creditor froze the company's fuel credit cards and operating capital... A class action lawsuit has been filed on behalf of many of the drivers left stranded...
* Arrow drivers: child support problems, too?
Tulsa,AL,USA -Land Line Magazine, by Clarissa Kell-Holland -January 12, 2010: -- Before Christmas, Tulsa-based Arrow Trucking collapsed, stranding drivers and strewing financial ruin in its wake... Besides losing their jobs and having numerous paychecks bounce, some Arrow drivers claimed that while the company deducted child support payments from their checks, the money was not forwarded on to the state agency in charge of disbursing the funds to the children and families... Jeff Wagner, spokesman for Oklahoma Child Support Services, said his agency has been on high alert since he first heard about the distressing circumstances surrounding the company’s demise... Unfortunately, he said the practice of an employer withholding child support but not forwarding it to the state is becoming more common than one might expect...
* Arrow Trucking, Dangerous Loophole, Support for Biofuels
Oakwood,OH,USA -Transport Topics, by George McCray -owner operator -Jan. 11, 2010: -- When the drivers at Arrow Trucking received that message telling them to take their trucks to the nearest dealership, I hope all of them drove their trucks to their homes, unloaded all their gear and then called Arrow and told them to come pick up their truck... One of these days, truckers are going to shut these highways down, with the way these trucking companies, shippers and receivers treat us...
* Arrow bankruptcy may leave creditors stranded
Tulsa,AL,USA -Tulsa World, by D.R. STEWART -14 Jan 2010: -- Arrow Trucking Co.'s bankruptcy filing is incomplete and in disarray, and it could take weeks to find the assets and creditors and determine whether there is money left to distribute to them, court officials say... Patrick J. Malloy III, bankruptcy trustee in U.S. Bankruptcy Court for the Northern District of Oklahoma, said Arrow Trucking's Chapter 7 bankruptcy filing last Friday is without precedent... When Arrow Trucking filed its bankruptcy petition last week, court officials scheduled a meeting of creditors on the third floor courtroom of U.S. Bankruptcy Court... But Malloy said he isn't sure whether he will be able to find the assets, liabilities and all the creditors in the case during the next 25 days... This is not the way a Chapter 7 bankruptcy case is supposed to proceed, lawyers and court officials said...
Labels: trucking bankruptcy
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