• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
Layoffs and BankruptciesNewsTrucking

Oklahoma trucking company shuts down, citing coronavirus ‘disaster’

Stone Trucking Company is shutting down its operations and laying off 51 employees as a result of the pandemic.

Citing economic challenges tied to the “coronavirus natural disaster,” Stone Trucking Company said it will shut down and lay off 51 employees in Tulsa, Oklahoma.

Company officials cited the coronavirus’ impact on the oil and gas industry as the reason for the closure, as well as the “recent failure of an opportunity to sell the company to allow for continued operations.” 

“We were unable to provide more advance notice of this action because these circumstances were not reasonably foreseeable until recently when the full scope of COVID-19’s impact upon our business became clear and the sale of the business fell through,” said Stephen Royce, Stone Trucking’s executive vice president of human resources, according to a WARN notice filed with the Oklahoma Office of Workforce Development.

The 75-year old trucking company, known for its green trucks, has 73 drivers and 95 trucks, according to the Federal Motor Carrier Safety Administration’s SAFER website. 

It’s not clear if the truck drivers were employees, or owner-operators contracted to the company. Officials with Stone Trucking declined to comment to FreightWaves.

Stone Trucking offered flatbed, oversize and heavy haul services. Along with the facility in Tulsa, the company also lists operations in Arkansas and Texas, according to its website.

Stone Trucking’s closure will be finalized by July 3. 

Click for more FreightWaves articles by NOI MAHONEY.

Tags

Noi Mahoney

Noi Mahoney is the Cross-Border Freight Market Reporter for FreightWaves.com. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as a reporter and editor. He has worked for newspapers in Florida, Maryland and Texas.

One Comment

  1. Feel sorry for the drivers losing their jobs, but the forced closing of the the company, couldn’t have happened to more deserving assholes.

Close