Arrow Trucking suspends operations, lays off

TULSA, Okla. (AP) - The future is unclear for Tulsa-based Arrow Trucking after the trucking company suspended operations and laid off employees.
The move Tuesday left numerous drivers stranded around the country as the company also canceled fuel credit cards.
Arrow CEO Doug Pielsticker issued a brief statement Tuesday night saying the company is negotiating with its principal lender and that the unidentified lender wants to secure its collateral.
One Arrow lender is Daimler Financial Services - which owns the company's Freightliner trucks. Callers to Arrow's Tulsa office received a message telling drivers to take their trucks to the nearest Freightliner shop and that Daimler would arrange for a bus ticket home.
A Daimler spokesman says the company is offering stranded drivers a bus ticket home or $200 in cash.


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