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BANKRUPTCY * USA & Canada - Judge rules Arrow Trucking violated WARN Act
(Video from YouTube, by magicpick76 -24 Dec 2009: Reports say Arrow Trucking based in Tulsa, Oklahoma unexpectedly shut down, leaving around 1,400 drivers without a job... Arrow trucking has a station in Laredo. No trucks, no personnel, nothing, just an empty space... Just three days before Christmas, Arrow Trucking told their drivers where to leave their trucks in the nearest arrow station without any answers. Drivers were confused not knowing what just happened... Arrow trucking faced lawsuits for unpaid bills. The company was sued for almost $500,000...)
OK,USA -Land Line Magazine, by Jami Jones -July 16, 2010: -- Shutting down abruptly and without notice on Dec. 22, 2009, has landed Arrow Trucking in yet another round of legal trouble in its bankruptcy proceedings... Judge Terrence L. Michael, of the U.S. Bankruptcy Court for the Northern District of Oklahoma ruled July 15 that the motor carrier violated the federal WARN Act when it shut down its offices and discontinued operations without any notice ahead of time. The Worker Adjustment and Retraining Notification Act – dubbed the WARN Act – requires companies that employ more than 100 people to give employees notice of closure and termination of their employment at least 60 days before closing... The shutdown of now-defunct Arrow Trucking of Tulsa, OK, left more than 1,400 employees and truckers without jobs. When the company ceased operations, many drivers were stranded on the road with no way to get home... By ruling that the employees – including company drivers – can now file “priority claims,” they can file a claim any time up until the case is closed, Malloy told Land Line...
* Canada - Biz bankruptcies fall
Ottawa,ONT,Canada -Today's Trucking -15 July 2010: -- There were fewer insolvencies in transportation and warehousing in April 2010, according to Canada’s Office of the Superintendent of Bankruptcy... The agency reported that the total number of Canadian bankruptcies declined 1.3 per cent in April to 9,068, down from 9,187 in March, and down 21 percent from a year earlier... "A reduction in insolvencies in the transportation and warehousing, construction, manufacturing, and other services -- except public administration -- sectors contributed to this decrease," the agency said... Filings by consumers fell 1.7 per cent to 8,633 that month, while business failures were up 7.9 per cent to 435... For the year, personal bankruptcies were down 21.1 per cent from April 2009 and business filings declined by 17.8 per cent...
Labels: trucking bankruptcy
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