Jim Palmer Trucking Files Chapter 11 Bankruptcy

[Bullwinkle]

I figured it would happen, but didn't think it would be quite this soon after the layoff announcement

Quote:

Jim Palmer Trucking Inc. will file for Chapter 11 bankruptcy protection Friday in U.S. Bankruptcy Court in Butte, following similar filings Thursday by two equipment subsidiaries, according to company attorneys. The two subsidiaries, Jim Palmer Equipment and Jim Palmer Equipment II, are indebted to about 16 creditors, according to Andy Patten, the company's bankruptcy lawyer in Billings. He said an emergency filing named banks, equipment lenders and other creditors - including U.S. Bank and G.E. Fleet. He said more details on the total assets, liabilities, leases, debtors and recent transactions by the companies will be submitted to the court in 15 days. Lonnie Wallace, president of Jim Palmer Trucking, met Thursday with the 68 non-driving employees and sent messages to his drivers about the bankruptcy filings. Six of the 425 Jim Palmer Trucking employees were laid off Tuesday. The 44-year-old company is based in Missoula. “Once we get some breathing room and reorganize our debt, I think we can survive without more layoffs,” he said. “I'm confident in the current management team, our people and our plan to bring this company back.” He estimated the three companies were delinquent on $1.5 million to $2 million in equipment loans and operating debts to vendors. Soaring diesel fuel prices are the culprit in the companies' woes, said attorney Dennis Lind, who has represented 68-year-old Jim Palmer and his companies for years. “We've been searching for answers since the beginning of the year when fuel prices began to escalate rapidly and when we became aware of the problem and cash-flow issues,” Lind said. He said there will be a “monumental effort” to ensure the survival of the trucking company and affiliates through the bankruptcy court's workout plans. “We want to continue to do operations generally as we have. We may be more lean, but we'll make every effort to preserve this company not only for Jim Palmer, but for the employees and this community,” Lind said. “This has been a very difficult time for Jim Palmer. He has a great amount of pride in his business, but fuel prices and the state of the economy have placed him in a financial predicament.”

Source: Missoulian

[freightmaster]

Am I the only one who sees this nation being intentionally flushed down the toilet?

St. Louis Chrysler truck and mini-van plant=done
St.Louis based Anheuser Busch=done

[rebel]

Well I do.
And I think 2xR still has a smelly diaper. lol

[Jimmy]

Quote:

Originally Posted by freightmaster Am I the only one who sees this nation being intentionally flushed down the toilet?

Intentionally? no.
Ignorantly? yes.

When is America going to take this country back? I just found this forum as a result of once again coming home and feeling like an inferior family provider. I am tired of this shit. I work too hard to continue bringing home a pathetic paycheck while doing a job that most in this country feel like they are too good to do.

How do I redirect my frustrations in a positive way? Are there people here willing to actually take a stand and do in in a way to bring the rest of the trucking industry on board? Showing up and bitching on a message board ain't gonna get it done!

I love driving, but if this industry can't shut the hell up and unite for a common cause, I can't continue to do something like this and call it a living. Too much work taks place from the cab of a truck and the trailer that is pulled behind it to come home with a pathetic excuse for pay, and trying to defend yourself in family arguements by calling it a "lifestyle", and "hoping" things will fix themselves.

[lunachic]

Quote:

Originally Posted by Jimmy Intentionally? no. Ignorantly? yes. When is America going to take this country back? I just found this forum as a result of once again coming home and feeling like an inferior family provider. I am tired of this shit. I work too hard to continue bringing home a pathetic paycheck while doing a job that most in this country feel like they are too good to do. How do I redirect my frustrations in a positive way? Are there people here willing to actually take a stand and do in in a way to bring the rest of the trucking industry on board? Showing up and bitching on a message board ain't gonna get it done! I love driving, but if this industry can't shut the hell up and unite for a common cause, I can't continue to do something like this and call it a living. Too much work taks place from the cab of a truck and the trailer that is pulled behind it to come home with a pathetic excuse for pay, and trying to defend yourself in family arguements by calling it a "lifestyle", and "hoping" things will fix themselves.

First of all Hi, nice to meet ya, You came on the board hot and heavy,lol that's good. all of us are open to idea's.
and we are all feeling what you are, trust me.
It's bad for almost everyone, and those who it does not effect could not care less. Yet!

[BANDIT]

Welcome to the Forum Jimmy. It's good to see some new blood here with some fire in their belly. It's a hard fight, but we definitely need to get in it in order to win it. One thing that this place is open to is anyone with new ideas, and a plan of attack that will win Battles. We all need help, and we need it NOW. Glad to have you here,,,,,,,Have An Awesome Day

[ronin]

Agreed, welcome. On the same note, anarchist-type ranting without real solutions doesn't change anything, either. I see a lot of that here, and I'm pretty tired of it.

I came on this forum to talk to other drivers, but 95% of what I see is steady bitching or "lets overthrow the government" talk. As a veteran who swore to defend the country against all enemies, foreign and domestic, I'm pretty deeply disturbed by the illiterate anti-government rants.

I'm all for less government involvement in all of our affairs, but blaming the President for everything from gas prices to global warming is pretty silly, and overthrowing the goverment causes a "Mad Max" style scenario...and lots of people die.

I think many here should regroup and think about what they're saying and realize what kind of lawless mess we'd be living in if their wishes came true.

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by ronin Agreed, welcome. On the same note, anarchist-type ranting without real solutions doesn't change anything, either. I see a lot of that here, and I'm pretty tired of it. I came on this forum to talk to other drivers, but 95% of what I see is steady bitching or "lets overthrow the government" talk. As a veteran who swore to defend the country against all enemies, foreign and domestic, I'm pretty deeply disturbed by the illiterate anti-government rants. I'm all for less government involvement in all of our affairs, but blaming the President for everything from gas prices to global warming is pretty silly, and overthrowing the goverment causes a "Mad Max" style scenario...and lots of people die. I think many here should regroup and think about what they're saying and realize what kind of lawless mess we'd be living in if their wishes came true.

We are not talking about overthrowing our government we are talking about getting them to act in the best interest of our country and the American people who are suffering.

[BANDIT]

I won't even give that the satisfaction of a response ronin

[ronin]

My loss, I'm sure.

Ask yourselves, though...before complaining about "them", "those people" or "the government"...when was the last time you voted? Have you ever considered running for city council or something similar? When was the last time you volunteered to do something in your community?

Before bashing public officials at every whim, consider spending your own time doing something instead of screaming foul from the comfort of your couch.

[gearjammer]

Quote:

Originally Posted by ronin My loss, I'm sure. Ask yourselves, though...before complaining about "them", "those people" or "the government"...when was the last time you voted? Have you ever considered running for city council or something similar? When was the last time you volunteered to do something in your community? Before bashing public officials at every whim, consider spending your own time doing something instead of screaming foul from the comfort of your couch.

a reminder, bashing people isn't a way to win friends and influence people, an awful lot of people on here DO vote,DO volunteer,and some have even run for elected office.

and I DO know that there are a number on here that are going beyond the call of duty where it concerns trucking and are calling and writing our elected officials every week if not more, are YOU making your calls on matters concerning this industry and YOUR livelihood???

[ronin]

Yes, actually, I am. In my former career, I met a lot of politicians and lobbyists, as well as attorneys who advise state and federal reps on several matters. I communicate with these people on a daily/weekly basis. So yes, I'm involved.

The group I was aiming at with my comments are the habitual whiners who love to complain but don't have the gumption or mental stance to actually get off their butts and say something or do something. I can't stand people who just whine and complain in order to hear themselves whine and complain....

Back on topic, I think we can learn from this Jim Palmer situation in that we have a lot more control of the company's purse strings than we may know. Next time you're romping through the gears to out-accelerate the truck next to you, think about what that 5 mile per gallon average you're maintaining (instead of 6 or 7) is costing the company in the long run....and if you hear ugly rumors about your company going under, ask yourself if there was anything you could have done to prevent it.

[lunachic]

Quote:

Originally Posted by ronin My loss, I'm sure. Ask yourselves, though...before complaining about "them", "those people" or "the government"...when was the last time you voted? Have you ever considered running for city council or something similar? When was the last time you volunteered to do something in your community? Before bashing public officials at every whim, consider spending your own time doing something instead of screaming foul from the comfort of your couch.

You don't know us, and at least we can hold our heads up high, because we care and we are tring.
what are you doing?
we are tring to do this right, but maybe we are wrong, your post are making me see this.
You like them hide in your big house's sending the poor to the street's after costing them there job's, and you can not see this.
People like you sir, Do you fell the pain or laugh as they rummage for food so the children can eat. I'm talking about our Country A country this Gov. and our leader has distroyed.
we are spending our time doing something. maybe next it will be your job, and family and one day you will wake up and everthing you have worked for will be gone. I hope so, Then you might understand.

[Bullwinkle]

Both sides here are making good points.

If you are not one of those that are sitting around doing nothing, then Ronin's comments aren't directed toward you. That is how I see it anyway.

Ronin did hit home with a very solid point in regards to Government bashing. Not all politicians are bad, and it is unfair to lump them all in together.

Also, it is hard to say the Government is against us, when it is "us" who are electing all of these people in. The reason it appears the Government is against us is the United States as a whole is very pathetic in terms of voting habits. If it isn't the Presidential election, the turnout is alarmingly low, or at least it should be. To add to that, too many people who are voting do little to no research on the candidates and simply vote down party lines.

Every year, the citizens of the United States go after the President hard in regards to everything that is going on. Sadly, almost all of the other politicians go ignored. Even more sadly, far too many people don't know the names of anybody beyond the President, Vice President, and their State's Governor.

American can fix so much in just one election year, but they wont.

[BANDIT]

I didn't intend to reply to this ignorant insulting piece of inhumanity, but since our Forum Moderator sees fit to back him up in his insults thrown at the people here and his obvious pushing of his own political agenda, I guess I feel I have the obligation to stand up for the other people here that are working a whole lot harder to get some changes made in this industry than either one of the two of you are. Bullwinkle, I have seen others here, including myself, insult other members here on the forum and get put down for it by you. Why then are you not doing the same here? Is it perhaps because it seems that you both have the same political agenda? I'm still trying to figure out what the hell political matters are doing in this thread anyway. You both can respond to this if you wish, I personally don't care and will not comment any further, just don't insinuate that myself and others here are not patriotic citizens, or that we sit here and do nothing. That I won't let fly.......not from you or anyone else.

[TN. TRUCKERS WIFE]

ronin, well i can tell by your posts that your not one of the thousands of Americans who are suffering. It's easy to tell because you make it sound like this is our fault that this has happened to us. You seem to be totally for the govenment and have no smypathy for everyone who is suffering. Do i seem bitter towards our government? You bet I am. I have been here for quite some time and i know what we are all going through and I have heard or read about what this is doing to the American people and the businesses in our country. Do i trust our government? Not for one second, i have seen it for myself that they will stand up and flat out lie to us. You ask when was the last time I voted, I voted for George Bush twice. What difference does that really make when they will lie to you to get your vote. They make promises to fix everything wrong in the country when they are wanting your vote. I will say one thing though, please don't judge peoples actions until you are walking in their shoes. When you are worried about how you are going to feed your family or the fact that you could loose your home then maybe you could understand why we feel they way we do. When you become desperate you tend to look at things differently but until then you really can't understand what people are feeling. Do I blame the government for what is happening? You betcha i do. They have the control to stop these speculators from driving up the prices. Sorry but their whole supply and demand theory that they have been lying about for years now just dosen't hold water anymore and i think that has been proven. Only our government has the power and control to stop what is happening and instead all they are doing nothing but debating the issues because they are not financially being ruined and basically it has no effect on them.

[rebel]

It sounds like former Sen. Phil Gramm found our site and went undercover.lol.
Yeah we really shouldn't whine and complain, after all this is just a mental recession and those poor old oil men from Texas don't have anything to do with it.
I realize you probably weren't talking about someone who registered voters yesterday, spent the 80s and 90s working in his local community and lobbying his city and county commisions as a citizen for sound policies.
Or even someone who has met his state and U.S. reps more than once to tell them how I feel about current issues.
What you apparently don't realize is some of these same people do feel its time to defend our country and constitution by whatever means necessary.


Ronin, you're not the first driver to leave a well-heeled job. Too bad you didn't leave that condescending attitude when you left.

I too am an American patriot. Try reading the entire original text of the Declaration of Independence and you'll find out why sticking up for an oppressive government is folly.

[lunachic]

From your first post yesterday till your last.
And till I posted I wrote out at least 9. But withdrew them.
I went to sleep last night hoping today I would feel better, but I don't.
ronin, What is going on in our Country is distruction,brought on by the GREED of the Gov.
I do vote.
The fact that the Rep. platform was built on LIE's give's the people of OUR COUNTRY the right to oppose.
You write books, How would you feel if they banned book's. Can't happen you think. well think again.
get off the golden road, look around. We are fighting with in our own boundries for life, our live's any know one give's a shit.
And I'm not saying just the rep. but the Dem's too.
Has one of them stepped up and made a statement as to How they will fix our country.
Do they belive we will sit back and let another country take controll of us.
we wont.
Someone better take notice. we will fight till our death.
Our Flag, Old GLORY will alway's fly high, and have know pity for the bastard who ever tries to bring her down.
If that is what you mean by over throw the Gov. well then I guess you our right.

[SilverSurfer]

Quote:

Originally Posted by rebel It sounds like former Sen. Phil Gramm found our site and went undercover.lol. Yeah we really shouldn't whine and complain, after all this is just a mental recession and those poor old oil men from Texas don't have anything to do with it. I realize you probably weren't talking about someone who registered voters yesterday, spent the 80s and 90s working in his local community and lobbying his city and county commisions as a citizen for sound policies. Or even someone who has met his state and U.S. reps more than once to tell them how I feel about current issues. What you apparently don't realize is some of these same people do feel its time to defend our country and constitution by whatever means necessary. Ronin, you're not the first driver to leave a well-heeled job. Too bad you didn't leave that condescending attitude when you left. I too am an American patriot. Try reading the entire original text of the Declaration of Independence and you'll find out why sticking up for an oppressive government is folly.

Not bad for a "common sense" post (you know what I mean.) And I'll bet 'cha weren't even trying.

-ss-

[r&c]

I am not for casting blame, but for finding solutions. The oil crisis is over 30 years old, but Americans have not really asked for it to be solved. There are solutions, and mistakes have been made.
Did you know that if you put up a wind turbine you will get a gauranteed tax break for 12 years? But there is no gauranteed break for solor panels. The goverment still does not have a plan for transmission lines from one part of the country to another. Bio-diesel has 10% more energy per gallon than regular diesel. Ethanol has 20% less energy than regular gasoline. But we give tax subsidies for Ethanol and none for Bio-diesel. Except for exports of diesel that has bio-diesel added to it. Did you know that in Russia that most (freight) railroad tracks are electric. All frieght trains in the US use fuel oil.
I think that there are solutions. But we need a presidential candidate that is willing to talk about them. Both Obama and McCain are not, they are saying the same 30 year old political speech.