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December 16, 1990 | From Associated Press
Ailing P-I-E International announced Saturday that it will shut down the nationwide trucking corporation within three weeks and begin liquidating assets. U.S. Bankruptcy Judge George L. Proctor approved the plan in a brief hearing after P-I-E's attorney said a weak economy and less-than-projected revenues over the last five weeks made the outlook bleak. "There was no light at the end of the tunnel," attorney Steve Busey said.
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NEWS
December 16, 1990 | From Associated Press
Ailing P-I-E International announced Saturday that it will shut down the nationwide trucking corporation within three weeks and begin liquidating assets. U.S. Bankruptcy Judge George L. Proctor approved the plan in a brief hearing after P-I-E's attorney said a weak economy and less-than-projected revenues over the last five weeks made the outlook bleak. "There was no light at the end of the tunnel," attorney Steve Busey said.
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