Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Legal, Financial Troubles Continue to Hit Arrow CEO

Arrow Trucking CEO Doug Pielsticker now faces two lawsuits filed against him in Tulsa County District Court Thursday by Summit Bank and the Bank of Oklahom

by Staff
January 8, 2010
Legal, Financial Troubles Continue to Hit Arrow CEO

 

2 min to read


Arrow Trucking CEO Doug Pielsticker now faces two lawsuits filed against him in Tulsa County District Court Thursday by Summit Bank and the Bank of Oklahoma

Ad Loading...

, according to reports by Tulsa World.

Financial and legal problems have been escalating for Pielsticker and Arrow Trucking, which suddenly ceased operations on Dec. 21, laying off all 1,400 employees without notice, after its main creditor froze the company's fuel credit cards and operating capital. Many drivers were left stranded, and a class action lawsuit has been filed on their behalf.

Now, Pielsticker faces a lawsuit from Summit Bank, which alleges that he has defaulted on monthly payments on his house since Dec. 27, the World says. The 6,800-square-foot house went up for sale recently for a listed price of $3.9 million.

According to the publication, Summit Bank seeks judgment of $103,151.66, as well as compensation for abstract and title expenses, attorney fees and court costs.

In addition, the Bank of Oklahoma sued Pielsticker, saying that he is in breach of a nearly $296,920 promissory note. The bank claims he owes about $96,350, in addition to interest of about $1,000, the World says.

In another suit filed at the end of December, Peoples Bank claims that Pielsticker is in breach of a $270,175 promissory note, the World says. Peoples Bank has filed suit against Arrow Trucking, alleging that the carrier failed to pay back a $1.4 million loan from 2006. The bank wants the company to repay the balance of the loan, which is nearly $810,055, according to the World.

Separately, Arrow driver Tony Elkey and his wife Gertrude were able to get home to their kids in Cincinnati, thanks to the help of Women In Trucking and Schneider National.

While the two were stranded in El Paso, Texas, and not able to return home by Christmas, WIT President Ellen Voie helped out by getting in touch with Schneider. Schneider National provided the couple with bus tickets home. Schneider also offered Tony a job with the carrier.

"I really appreciate Schneider doing this for us," said Gertrude.

More Drivers

Female truck driver.
Driversby News/Media ReleaseApril 21, 2026

WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops

ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.

Read More →
Illustration of driver medical exam paperwork over duotone background of a blood pressure check

FMCSA Extends Paper Medical Card Exemption … Again

Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.

Read More →
Mack Pioneer tractor.
Driversby Jack RobertsApril 10, 2026

Mack Launches Digital Driver Guide for Chassis-Specific Truck Info

Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.

Read More →
Ad Loading...
Close-up of Western Star truck logo with red star emblem on chrome grille, representing the brand’s identity in the trucking industry.
Driversby News/Media ReleaseApril 6, 2026

Western Star Showcases Truckers' Pride and Skill

Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.

Read More →
Photo of truck driver at podium holding award
Driversby News/Media ReleaseMarch 27, 2026

Best Fleets to Drive For: Two Carriers Earn Overall Award for First Time

CarriersEdge announced the 2026 Best Fleets to Drive For overall winners, with Crawford Trucking, Fortigo Freight Services, and FTC Transportation receiving top awards.

Read More →
Illustration of Department of Labor building, diesel technician at a computer, and driver training semi trailer
Driversby Deborah LockridgeMarch 10, 2026

Federal Proposal Would Allow Pell Grants for Shorter-Term Job Training

The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.

Read More →
Ad Loading...
Illustration of truck owner operator and magnifying glass with the word "regulations"
Driversby Deborah LockridgeFebruary 26, 2026

Owner-Operator Model Gets Boost as DOL Proposes 2024 Independent Contractor Definition Reversal

For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.

Read More →
 Truck with door open and enforcement officer talking to driver about ELD
DriversFebruary 26, 2026

FMCSA Reinstates Field Warrior ELD to Registered Device List

One electronic logging device has been reinstated to the FMCSA's list of registered ELDs.

Read More →
Photo of truck driver in yellow safety vest walking alongside tractor-trailer
Driversby Deborah LockridgeFebruary 25, 2026

How One Company is Using Smart Suspension Technology to Reduce Driver Injuries and Improve Retention

America’s Service Line adopted Link’s SmartValve and ROI Cabmate systems to address whole-body vibration, repetitive strain, and driver turnover. The trucking fleet is already seeing measurable results.

Read More →
Ad Loading...
Illustration with photos from some of the 2026 Best Fleets to Drive For honorees
Driversby News/Media ReleaseFebruary 24, 2026

CarriersEdge Announces 2026 Best Fleets to Drive For

The 18th annual contest recognizing the best workplaces for truck drivers sees changes to Top 20, Hall of Fame

Read More →