Overdrive Extra

Max Heine

Ex-Arrow chief loses expensive home

| July 08, 2010

Former Arrow Trucking drivers, as well as those disgusted by the company’s mismanagement, might gain some slight sense of vindication in reading the Tulsa World’s account of the foreclosure on the home of former Arrow Trucking Chief Executive Officer Doug Pielsticker.

The home, like Arrow in its final days, was way too deep in debt. Three mortages on the property exceeded $3 million, more than the home’s appraised value of $2.5 million, says the newspaper.

The company’s sudden closure days before Christmas, stranding drivers all over the country, was one of the industry’s biggest stories last year.

If you’re keen for details on how the bankruptcy is progressing, check the Tulsa World’s article from last month, “Assets of Arrow Trucking operations consolidated.”



While OverdriveOnline.com strives to maintain an open forum for reader opinions, it does not welcome comments reflecting racism, vulgarity or spam. Violations of this policy can be grounds for removal of a comment or banning a user from the comments system.