With oak it's most likely the tannic acid. I'd have to research to actually find out how it breaks down metals .The 48" bar on the avatar saw would turn black when used on oak which is about all it's been used on .You damned sure don't that big of a bar for normal use .
More times than not those bucket trucks start out life as being used by utility companies then as they age get replaced then tree companies,painters etc get them and run them until they are worn out .With a chip box those chips get blown every where ,rust out the spring shackles etc ..Hit a bump in the road with a load of chips and twang goes the spring . Then you've got a big problem .Nobody thinks to inspect things every so often and nip it in the bud .