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

Five Things the IBT Can Do to Fix the UPS Contract Disaster

Denis Taylor has repeatedly promised local unions and members that he will return to the bargaining table with UPS. But no date has been set. Here are 5 things the IBT can do fix the disaster at UPS. They will only happen if UPSers keep the pressure on.

Put Our Issues on the Table at UPS

Despite declaring the contract ratified, Denis Taylor says he will “return to the bargaining table to address a number of member concerns with the National Master UPS Agreement.” When bargaining resumes, UPSers expect our issues to be addressed.

View More News Posts