Arrow Trucking reportedly closes its doors

Why did Obama let this happen ?

 

So the Teamsters that contributed $10,000 to his campaign would get shot at some of the freight .

 

why does Obama have to be the salvation of a trucking company that may have made bad business decisions.....let free market enterprise be the agent the evens out economic issues of this nature.

 

The bigger question is Why did Obama happen?

 

there is always a silver lining there I am sure some arrow drivers that had some good relations with steady clients which is a great opportunity if they can seize it as you can also probally get a good deal on a flatbed setup at the moment as well

 

But what kind of rates were those steady clients paying Arrow ? Yeah , great $.80 a mile opportunity .

 

it is hard to tell what there rates were or could be it just sometimes pays to peruse these things a bit

I worked for a ltl freight outfit way back that went bust kinda the same way came to work and the doors where locked and the trucks where gone
a couple of the guys bought a couple of the repoed vans and some cheap cabovers and picked up there good paying beer account and made a good living for a decade or so .

it might not have been low rates that killed them it can be many things and then it might have and it could be a waste of time but I think some of these folks might have a bit of time on there hands to find out

 

I see posts and comments on here blaming Obama,the government etc. Come on people! The management of Arrow failed period. I suspect the creditors and lenders were no longer willing to put any money in Arrow simply because they couldn't see any way to get their investment back. Who can really blame them. Arrow owed some $500,000 to companies who had to take them court according to the Tulsa World. They obviously couldn't pay the fuel bill and even the employees recognized they weren't maintaining the trucks. Yes, the way they closed the doors was despictable but if you are funding a company and the investment just keeps getting larger and larger and the expenses are soaring above the revenue what do you do? I don't know how much Arrow owed Freighliner, fuel card companies,maintenance,etc but apparently it was so substantial that they weren't willing to put anymore money in the company. The management at Arrow had to know the financial position they were in. Why didn't they do something about it? I know it looks like Daimlier Financial was the bad boy here but I really doubt it. If you put money in a company and provide equipment you expect to get a return on your investment and for the most part you expect to have some set backs and slow times but who in their right mind is going to keep funneling money when there is no sign you will ever get it back no matter what. Cut your losses and get out while you can and try to recover some of your loss. My personal opinion is the management ran the company into the ground and took the easy way out. It's happened before and will happen again.

 

My guess is for those of you whom contact the prior companies will find that the customers were paying far more than 80 cents a mile. After all this is the way companies make money. It would be simple to do, ask them what it was they were paying for the load to be delivered? I think you will find it is far different than what you were paid.