Is TMC going to layoff drivers? Approaching Bankrupty?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by ybfjax, Mar 21, 2008.

  1. ybfjax

    ybfjax Light Load Member

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    I was wondering if TMC was in fact in a slowdown to where they were laying off drivers. I've even heard that TMC was going bankrupt. There have been a few rumors going around so I wanted something definitive. What have you heard or experienced.

    I doubt this very much. But then again, i've heard the mgmt wasn't the same since the original owner's son took over.
     
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  3. terrylamar

    terrylamar Road Train Member

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    I did a search in Iowa Federal District Court for Bankruptcy Jan '04 to today for Annett Holdings, Inc. and TMC. Nothing is listed.
     
  4. JPenn

    JPenn Road Train Member

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    I'm gonna guess that they're not laying people off just yet, as I was just hired yesterday following my orientation.... I haven't heard anything of the sort.
     
  5. ybfjax

    ybfjax Light Load Member

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    I figured it was just a rumor. They do sometimes run wild among truckers.
     
  6. jerryl

    jerryl Light Load Member

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    Sometimes!?!?!?
     
  7. Designors

    Designors Light Load Member

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    Dont know what they are doing but a day ago talked to a couple TMC drivers out here in VA .... they said that they were told that they would be routed back to the terminal by April 18th

    I guess will find out within the next month if it actually will happen or a bunch of BS

    As for searching for it in the courts .... they can actually file for bankruptcy in other areas if needed ..... they have yards in other states and can use them also .... so might be hard to find any information on it
     
  8. wizard4x4

    wizard4x4 Bobtail Member

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    They filed Chapter 13 reorganization so I doubt anything big will take place
     
  9. Baack

    Baack Road Train Member

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    What state did they file in
    Where did you get your info
     
  10. terrylamar

    terrylamar Road Train Member

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  11. ChromeDome

    ChromeDome Road Train Member

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    If TMC were having money issues, I would think they would cut back on there mandatory truck washes that all drivers must do weekly.
    They pay millions a year on them.
    The only change I could see them really needing to do is to start letting go some of the long nose trucks and getting more aero trucks. Or turning down the non aero trucks to a lower speed, thus they will use allot less fuel.
     
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