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.

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