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Flying J

MsSage

Well-known member
On December 22, 2008, Flying J Inc. and its Big West refining and Longhorn Pipeline subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The filing was made with the U.S. Bankruptcy Court in Delaware.

The scope of the filing is limited to these operations only. It does not apply to other business units or affiliates, or the company's Canadian operations. In all cases, including those subsidiaries covered by the filing, Flying J's operations remain open and are conducting business as usual.

Even though Flying J has been a successful company, it faced near-term liquidity pressure from an unprecedented combination of factors: the precipitous drop in the price of oil and the lack of available financing from its traditional sources due to disrupted credit markets. With a sudden and unanticipated inability to meet its liquidity needs, the company had no other choice than a Chapter 11 filing to provide the time to work through a solution.

Flying J’s objective is to move through the reorganization process as quickly as possible and to work toward a solution that will address its short-term liquidity needs and allow it to meet its past obligations in full.

lets hope they get it fixed. You might not think this affects you but it does. Most truckers use the Flying J either to get fuel or food or showers or to park.
 

Steve

Well-known member
in the not to distant past, companies had to maintain a surplus for times like now.. then easy credit came around and the spent the surpluses.

the same seems true for many families.. instead of saving for a rainy day.. they just borrowed though them..

I'm not against credit.. but it should be used wisely and for growth, not shortfalls that can be planned for..
 

loomixguy

Well-known member
When I was doing the Left Coast runs, I tried to stay away from Flying J's as much as I could. Sapp Bros., Burns Bros., or Rip-off Griffin's got my business as much as possible.

Worst meal I ever had in my life was at the Flying J off of 15 in the north part of Vegas. Best Flying J I was ever at was the one on 40 clear on the west end of Albuquerque, clear up out of the valley.

Lot lizard action appeared to be extremely thriving at the old Blue Diamond truck stop just south of Vegas at the Pahrump exit. They shoulda called that cafe Alice's Restaurant! :wink:
 
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