Arkansas trucking company closes, 125 lose jobs

| Monday, October 29, 2001

An Arkansas carrier has called it quits after 12 years, citing the recent jump in insurance costs. Ashley Transportation Inc. of Crossett made the announcement Friday, putting 125 employees and company drivers around the country out of work, some almost immediately.

Remaining workers are responsible for making sure the company's tractors and trailers from across the nation are returned. The company plans to sell its 104 tractors and 232 trailers.

Owner Joyce Reed told the Ashley News Observer the company suffered setbacks throughout the past year, especially from high fuel costs and large insurance rate increases. "The insurance costs really went up after the Sept. 11 events," she said. "With the trucking industry experiencing the worst business climate in more than a decade, we faced a difficult decision." The dry items hauler transported items nationwide and into Canada.

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