Arrow Trucking Closes

Flatbed and heavy specialized carrier Arrow Trucking has closed down, the Associated Press reported.

The Tulsa, Okla.-based carrier suspended its operations and laid off all of its workers Tuesday, AP said.

In a brief statement Tuesday night, Chief Executive Officer Doug Pielsticker said that it is negotiating with its principal lender, and that the lender wants to secure its collateral.

The company, which is ranked No. 99 on the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers, closed its Web site Tuesday.

Arrow’s telephone lines have a recorded message telling drivers to take their trucks to the nearest Freightliner dealership and that Arrow would give drivers a bus ticket home.

Arrow has 1,600 employees, 1,320 trucks and 2,400 trailers, the company told TT earlier this year. In addition to truckload and less-than-truckload services, it also runs logistics operations.