An Oklahoma trucking company shut its doors this week, citing coronavirus and a failed “sale of the business” as the cause.
Stone Trucking Company has closed its Keifer, Oklahoma terminal. The closure affects 51 employees, the company’s WARN letter states.
“As a result of the unforeseeable, dramatic downturn in business caused by the coronavirus natural disaster, its resulting negative economic impact upon the oil and gas industry upon which our business depends, and the recent failure of an opportunity to sell the company to allow for continued operations, we are writing to inform you that Stone Trucking Company is closing its Kiefer, Oklahoma facility. 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. The entire facility will be closed and all employees at the facility will be impacted. This closure is expected to be permanent, and the expected date of the first separation is June 3, 2020.”
Safer shows that Stone Trucking had 15 trucks and 13 drivers.
Stone Trucking was established 75 years ago. Earlier this year, in February, Stone Trucking’s Facebook post reflected that Stone Trucking would now be called Action Specialized.
Action Specialized is headquartered is listed in Birmingham, Alabama. According to Action Specialized’s website, the company is “As an asset and non-asset services provider.” The company transports “the most hazardous, heaviest and largest products.”
It is unclear how the closure of Stone Trucking affects the non-asset based side of the company’s business. CDLLife reached out to multiple people at Action Specialized for comment. We have not received a response to our inquiries.