While i do not see either party as very reputable. A 4.6 million judgment is hardly a reason to lay off 500 employees.
Steel mill ordered to pay $4.6M to trucking company, affiliate
Beemac/Republic steel.
Discussion in 'Flatbed Trucking Forum' started by jamespmack, Aug 28, 2023.
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Hate to see businesses close and people lose jobs but, that Lackawanna/Blasdell republic was terrible in just about every way. Can't say I'm sad to see it go.
cke, Magoo1968, jamespmack and 4 others Thank this. -
I agree with your statement. But blaming down turn on a 4.6 mill settlement, I call bs. 500 employees at average income and benefits probably is 30 millon I guess? Sounds like they were gonna go under anyhow. I have a personal opinion we will see more of this unfortunately.
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Off topic, Beemac hauls frac sand here locally. I don’t care for them.
cke, Vampire, Jubal Early Times and 2 others Thank this. -
They are into alot of things. Also not known for paying freight bills on time. -
Republic, every facility was a hole, so I concur, they're probably on the brink or just having a hissy fit because of the Gringo laws interferring with their piracy.
I feel for the workers, but not paying the freight is as bad as you guys getting hosed by a broker, same analogy and if Beemac/Deemac was slow on paying, this might be why. If the company was carrying that 4.6 million on the books, then they had to be careful how they watched their cash flow to cover expenses and costs.I can't fault them for that...and this is since 2019/2020, so they have had to be very cash conscious especially with the "new" administration's inflation creation decisions.
Last edited: Aug 29, 2023
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They had a good history in the steel industry around me. However they appear to be commercialized alot, esp like Buchanan. Who used to be a good name. They are all run by a bunch of children scared to talk on the phone and need a email. So juice them, nobody knows, they are only trained to get a low rate. Nobody cares if the work actually gets done or not.JoeyJunk, Nostalgic, cke and 1 other person Thank this. -
jamespmack, cke and CAXPT Thank this.
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Yeah, but who's the fool?
The people that wouldn't pay, or the company that let them get $4.6m in arrears?cke Thanks this. -
cke Thanks this.
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