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Hedge Fund Tries to Force Allied Bankruptcy

Peg Brickley Dow Jones, Daily Bankruptcy Review May 18, 2012 View the original piece Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they said are improper moves by owner Yucaipa Cos. Affiliates of Black Diamond Capital Management, LLC and Spectrum Investment Partners LP asked the U.S. Bankruptcy Court in Wilmington, Del., to move promptly to appoint a trustee to run...

Will Chrysler Get into the Carhaul Business?

May 22, 2012: Teamster carhaulers have heard the rumors that Chrysler will start an in-house operation to haul its cars. The fact is that Chrysler has already started at its Windsor, Ontario van plant, and it may well spread to the U.S. Chrysler has a number of driveaway workers at the Windsor plant, and a small number of Chrysler-owned car carriers, with more rigs coming soon, to move cars over the Ambassador Bridge to Michigan...

Carhaul: New Contract, Old Issues

July 15, 2011: Carhaulers are voting on a new contract. The future of union carhaul is on the line. In July carhaulers are voting by mail on a proposed new 51-month contract, which would expire on July 31, 2015. It is in large part a continuation of the current contract. The proposed contract deal was reached on May 31. Wage increases are small: 30¢-30¢-35¢-40¢, so real wages will almost certainly fall behind the rate of...

Carhaul Shake Up Continues

March 25, 2011: As we go to press in late March, the shake-up in the unionized carhaul industry continues. Union carriers Jack Cooper and Cassens have been awarded a lot of Allied’s traffic. Jack Cooper is picking up the GM work, and Cassens the Chrysler work. Both are scrambling to get enough trucks in place to haul the traffic, and using drive-away for some local work. Allied, previously the largest North American vehicle carrier, initiated...

Carhaul Shake Up Continues

March 23, 2011: The shake-up in the unionized carhaul industry continues, with no clear end in sight. Union carriers Jack Cooper and Cassens have been awarded a lot of Allied’s traffic. Jack Cooper is picking up the GM work, and Cassens the Chrysler work. Both are scrambling to get enough trucks in place to haul the traffic, and using drive-away for some local work. Allied, the largest North American vehicle carrier up till this time,...
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