Carhaul: Jack Cooper Buys Allied

September 17, 2013: Jack Cooper Transport has won the bid to purchase Allied Systems, and will now be by far the largest carhaul operator in North America.

Cooper CEO Mike Riggs says the combined carrier will have $1 billion in revenue in 2014.  Cooper will pay $135 million – with borrowed money – for Allied, and the deal was approved by the creditors committee overseeing Allied's bankruptcy, with the approval of the Teamsters International Union.

This means the Teamster national carhaul contract will include only two major carriers, with Cassens being the second.

Transport Topics' report on the deal is available here.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Uniting the Movement to Save Our Pensions

Competing pension bills are being put forward that are dividing the pension protection movement. How can we unite retired and active Teamsters to save our pensions and our pension funds?

Kim Schultz Speaks Out at Women's Conference

In a speech to the Women’s Conference, IBT Vice President Kim Schultz spoke out on the need for more women’s leadership in the Teamsters. In response, some Hoffa supporters booed and walked out. Most attendees listened, applauded and thanked Kim for speaking out. Read the speech and judge it for yourself.

View More News Posts