United Furniture Shuts Down

Looks like someone already solved the puzzle.

 

More than likely a creditor callin in a debt
As for CF....Menlo Park had been positioning themselves for that shutdown for almost a decade...From the first regional fleet buyout the used to create the CCX etc system
And they couldn’t have possibly done it any dirtier....Stranded thousands of drivers....I was at Rip-Offs in Barstow that am
CHP—Sherriff Dept—and locals at gate with mgmt
Stopped every truck outside...told drivers to take personal possessions and go away

 

True dat. They built Conway out of CF money and when Conway became profitable, they shut down CF.
And that's a true story, friends.
(I was working for Conway at the time.)

Oh yeah. Anybody remember what weekend/holiday it was?
Just a giant middle finger to the Teamsters.

 

This is the way it tends to go. Once the decision is made it's hard to make a soft landing. Your most capable staff will head to the exits while thge less scrupulus will milk the clock and help themselves to inventory. Accounts receivable will be uncollectable while accounts payable will be deluged with demands making cash flow nonexistent.

CEO and CFO didn't plan for the turning tide and probably bought a bunch of equipment at obscene prices and got fired. Whomever stepped in tried to put out the fire and then decided there was no way to save the barn so they moved to protect the other buildings.

 

When has anybody in Elgin government ever been happy?

 

Not even then - they were disappointed in the size of their kickback.