Local & Regional
Tue December 22, 2009
Arrow Trucking Update
By KWGS News
Tulsa, OK – Tulsa based Arrow Truck is apparently closing. Drivers say their petroleum cards have been turned off and they have been ordered to leave trucks parked.
Arrow has about 300 people working in Tulsa and has a national fleet of drivers. Phones at the business are not being answered.
Arrow was founded in 1948 by the late Jim Pielsticker. He was killed in a plane crash eight years ago.
The following statement is from Doug Pielsticker, CEO of Arrow Trucking Co. Inc.:
"The Company has been in negotiations with its principal lender. Those negotiations are continuing but the lender has elected to proceed with securing its collateral. The Company is communicating with several interested parties and continues to seek a prompt resolution."