In any event we have been
Were real leery as to the economy and how the trucking industrys going to survive, Linda said. Unfortunately, of those impacted by this domino effect were the 1,100 owneroperators who had the misfortune of being leased to one of the Intrenet companies Eck Miller Transportation, Roadrunner Trucking, Roadrunner Distribution Services and Advanced Distribution System. And the head man caught him cruise. Our grown children and four grandchildren are the only things that pulled us through this. As she talked and laughed about her grandchildren, Sue added, Weve got to laugh to keep from crying. Jay and Linda TaylorTaylor Transportation Services Inc.
You couldnt talk to any of the four motor carriers. The load settlements that were usually directdeposited into his bank account had not been made for almost days. This put me in one hell of situation, Bill Stokes said. for another load. Isler, senior vice president of Huntington National Bank, one of Intrenets largest creditors and the financial institution with dominion and control over Intrenets funds. And, our escrow should be given back. OOIDA also filed claims against the bank. For all this to come around at this time in our life, its been pretty bad.
The couple has yearold daughter, and Delene graduated from nursing school in We should have had some kind of explanation. The company also did not return the Stokes 4,000 escrow fund. Their trucks are split between three carriers. Those funds are not assets of the motor carrier, and the motor carrier has no beneficial interest in that money. Under the federal truthinleasing regulations, which govern administration of owneroperator escrow funds, this money only be used to satisfy obligations incurred by the individual owneroperator, and in all circumstances, must be returned to the owneroperator within days of termination of his lease.
OOIDA also filed claims against the bank. The stories of owneroperators Bill and Sue Stokes had five trucks leased to Eck Miller Transportation when it all went down with Intrenet. When all this went down, the head man caught him cruise. Although Chapter allows companies and families to reorganize, the Stokes were forced to sell all their trucks and equipment, except one truck and one trailer. His daughter, Delene, is married to owneroperator Tommy Sumpter, who had his truck leased with Roadrunner.No tags for this post.
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