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Falcon Transport had significant exposure in the automotive sector, with General Motors being a major account. Last December, General Motors announced that it would cease production at its plant in Lordstown, Ohio, one of Falcon Transport's major customers. according to the reports at the time. The plant ceased production of the Chevrolet Cruze at the end of March.
On social networks late Saturday, people commented on the similarities between this case and the sudden closure of one night the closure of another flatbed carrier, Arrow Trucking in Tulsa, Oklahoma, which ceased operations a few days before Christmas in 2009. According to reports on the sudden stoppage of Arrow Trucking, drivers discovered that the carrier had suddenly stopped operating when their fuel cards were not working without notice. Nearly 1,400 drivers were stuck with no fuel or money to return home. It turned out that the company's CEO had participated in a $ 25 million embezzlement and tax evasion scheme, culminating in the conviction of Doug Pielsticker, Chief Executive Officer of the company. Arrow Trucking, to a 7.5 year prison sentence.
"It's unclear what caused the sudden closure of Falcon Transport, one of the largest platform operators in the country, but the auto sector has slowed significantly in recent months and domestic automakers have moved on. from the manufacture of sedans to large trucks, "said Craig Fuller, General Manager of FreightWaves. "There has also been some consolidation between the production plants, as major car brands struggle to combat the changing tastes of big trucks and SUVs, to reduce the demand for city dwellers and young adults and to cope with to increased costs due to cross – border supply chain tariffs and disruptions. . "
The company was posting ads for drivers on Twitter until April 24 and had posted photos of the opening of its new office in Cedar Hill, Texas, about two months ago.
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