Gainey and related company's going bankrupt

They have been in bankruptcy for a few months now. Grand Rapids yard is full of trailers but they are still running. Harvey is trying to work things out and save it, dont know if he will be able to though.

 

The judges and court overseeing Gainey and their bankruptancy case has ruled in favor of Gainey in almost every aspect. Harvey Gainey is a well respected Philanthropist and has a lot of support. The whole Wachovia Bank under handedness has been seen for what it is, and they have reaped their just "rewards". As far as Gainey, from all the information I've read, the company is turning around, and is reclaiming lost accounts across the board. Understand that unless you are privy to vital information, you are responding to opinion and rumors. I believe they are going to pull through and re-establish themselves as a major player in the industry again.

 

While I am not a Gainey "fan" I sincerely hope they make it. A lot of people depend on that company and it's holdings. Not just the people that they employ but all of their vendors and the vendors employees. When a carrier the size of Gainey goes out of business for whatever reason the entire community is affected and if they've got facilities anywhere else, those communities are also affected. So for the people who depend on them to make a living let's hope that all of the naysayers are wrong and that they make a comeback.
One thing that people don't realize is that every negative remark made to a customer may jeopordize that account that's one of the things that "help" a company loose revenue and quite possibly close. Driver gossip and office gossip can hurt. So, people need to keep their negative remarks to themselves and instead talk about the positive so that the hard working people employed at Gainey can continue to take care of their families.
I don't work for Gainey and have no stock in them but hope that they continue to stay in business for the sake of the people that they employ.

 

When companies have financial problems they start trimming. They sell assets, cut employees down to the bare bones, close facilities that might not be needed. Anything that isn't profitable goes. It's to keep the rest of the business going. That may have been what happened to Super Service.

 

For what they pay their owner ops and company drivers, it's a wonder how in the world they could go broke! Harvey may b well respected but is a failure in business along with the other cheap freight hauling cronies there in the grand rapids area. Others like Van kampen, Van Eerden, Grassmid, and forgot the rest of them who like to come in and cut the rates in the chicago area.

 

Bankrupt...rriiiiggghhtt.. they just want to clear their books legally without paying the bills. So they cook the books to show a loss for a few years and Oh no!! look we're bankupt!! Just like GM, Chrysler, AIG, and all the rest. Jump on the bandwagon and get the government to pay off your debt.

 

big trucks you are probaly right