Falcon Transport

The last few days I have seen 5 or 6 Falcon trailers, have they had a change of heart about shutting the doors or have they sold off their trailers that quickly, anyone heard?

Was behind 1 today as well.

They are probably bringing all their trailers in, and the ones that were loaded prior to the closing are finishing their swan song load.

That is my assumption, at least

Unlikely they're running loads. When they shutdown, they turned off the fuel cards and told everyone to walk away. So this probably isn't Falcon CORPORATE pulling the boxes.

Likely they either sold their trailers, or the company they leased them from went to retrieve their assets, or the consignee sent someone to finish delivering the loads.

It must suck for the vendors, having shipments in boxes that are STUCK because the carrier shut down without notice to ANYONE.

You guys are reporting seeing Falcon TRAILERS - are they being dragged by Falcon TRACTORS?

From what was circulating around the interwebs, pretty much all the drivers were offered positions by other companies (no thanks to Falcon themselves). There's also a lawsuit going on for not following the WARN Act - where the company could be liable for 60 days pay for everyone affected. Depending on how Centerpoint Capital (the investment group that bought them in '17) structured their corporate shielding, there may not be anyone with assets to actually collect from in a lawsuit.

Rick

You guys are reporting seeing Falcon TRAILERS - are they being dragged by Falcon TRACTORS?

My question is are they sure it's the same Falcon? I believe it was Raptor who had posted a couple days after the shutdown he talked to a driver who drove for a different company also named Falcon that was not affiliated with the one that shutdown

@Rick S. Those I have seen were not pulled by Falcon trucks so you are probably spot on. @Rob T., there is Falcon Transport which shut down and Falcon Transportation LLC which is still operating. They also have offered jobs to Falcon Transport drivers.

It's nice of the other companies to offer to fasttrack employment to those stranded but doesn't suck any less for them to be stranded. Pretty ****e thing to do to loyal employees! Hope they all collect from the lawsuits.

@Rick S. Those I have seen were not pulled by Falcon trucks so you are probably spot on. @Rob T., there is Falcon Transport which shut down and Falcon Transportation LLC which is still operating. They also have offered jobs to Falcon Transport drivers.

It's nice of the other companies to offer to fasttrack employment to those stranded but doesn't suck any less for them to be stranded. Pretty ****e thing to do to loyal employees! Hope they all collect from the lawsuits.

I think the way these "investment groups" structure their acquisitions, there is probably little to be gained by a lawsuit.

These guys cove their butts pretty good, for just the occasion where they decide to shut down and entity and write off the loss. For some of these guys, the loss offsets gains elsewhere, so they would gladly screw the employees and creditors who have no recourse to the parent company, which probably created a shell corp for this, to further shield their liability.

Yeah - it is good that other companies stepped up and offered jobs to the drivers. Sucks that they had to bear the expense of getting themselves and their gear back home.

Rick