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
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
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.