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  #1  
Old 05.13.2008
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IdleAire trucking services company files for bankruptcy
IdleAire trucking services company files for bankruptcy
5/13/08
Quote:
KNOXVILLE, Tenn. (AP) -- IdleAire Technologies Corp., which provides services to long-haul truckers at truck stops, has filed for bankruptcy.

The Knoxville-based company filed Chapter 11 documents Monday in U.S. Bankruptcy Court in Delaware, where it was incorporated.

The bankruptcy filing estimates the company has between 1,000 and 5,000 creditors, assets between $100 million and $500 million and liabilities between $100 million and $500 million.

In a Securities and Exchange Commission filing earlier this year, company officials said they expected a net loss of approximately $93 million in 2007 on revenues of approximately $37 million.

IdleAire provides in-cab heat, air, Internet and satellite TV to drivers at truck stops through a console that fits in the driver's window.

http://www.wztv.com/template/inews_w...ox17.com.shtml

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  #2  
Old 05.13.2008
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Sooner then I thought.
When I saw those towers being put up I wondered how long before Idleaire would have financial problems. One wonders if those towers will go the way of those yellow bumps still in some of the truck stops.
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Old 05.13.2008
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I knew they would as they wouldn't listen to anyone. Sad. We even TRIED all we could to get some type of dialog going with them so we could help each other and they wouldn't give us the time of day, just ignored us. Another one bites the dust and yet they come and go...one day, they'll listen to the drivers.
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Old 05.13.2008
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i heard it cost about 18.00 a nite ... what did they expect.............. what's their next bright idea??????????????
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I used Idleaire a few times and had bad experiences with the performance.

The touch screens don't work very well especially for TV and entertainment controls. Last time I used it (I only buy it for A/C) the air-conditioning did nothing but blow 75 degree air even though I had it set on 65 (ran for 4 hrs and never got cool).
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Old 05.13.2008
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So what else has come and gone in these kind of technology's? I remember Park-N-View. But what else was out there?
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Old 05.13.2008
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who here remembers smell-a-vision?

I've never used I/A - never had the opportunity. Doesn't appear I'm missing much.

At a guess, I'd say their business model was .. flawed. Based, (another guess) on pipe dreams and wishful thinking. Rather like Ricochet, TerraBeam, and a host of others in the telecommunications fields
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Old 05.14.2008
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IdleAire files bankruptcy
KNOXVILLE, Tenn. (WVLT/ AP) -- Knoxville-based IdleAire, which makes combination in-cab HVAC/ Internet/ TV units for big-rig truckers, has filed Chapter 11 bankruptcy.
The company, started eight years ago, filed a report with the Securities and Exchange Commission saying they expected a $93 million net loss in FY2007 on about $37 million in revenue.
The bankruptcy papers say the company owes more than $303.5 million in debts, but has only a $210.8 million in assets.
Last edited by Cybergal; 05.15.2008 at 08.41 AM. Reason: EDITED
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Old 05.14.2008
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I never liked that crap anyway, atleast there will be more room at truck stops now..... Cant even park at the Petro in amarillo because of this crap.
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Old 05.14.2008
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WELL Well Now the poor truck stops will have to repaint their lots. and trash all that equipment. lets see it should take them 10 to 12 years. and we will have trucks running to the junk that is left behind.

I have used idle Air one time. no big loss.
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