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Local 604 Demands Retraction

April 4, 2007: When Teamster members at Allied got their ballots to vote on proposed concessions, they were told "There is Only ONE Plan to Save Allied." But another investment, Sopris, has released a proposed term sheet to buy Allied. Local 604 Secretary Treasurer John Thyer has written a letter to Hoffa demanding that he send a written retraction to every member. Click here to read Local 604's letter.

Allied: Real Leadership Is Needed

April 2, 2007: Allied Teamsters are currently voting on concessions that could gut the carhaul national contract. The votes will be counted on April 16. Thanks to action in federal court by TDU’s attorney, there will be pro and con observers. Allied Teamsters have a difficult choice. They know a bankruptcy judge could impose concessions even if they vote No. Even worse, they have gotten no leadership from the Hoffa administration. Teamsters have been fed...

Forbes: Justice Department Objects to Allied Outline

March 29, 2007: The Justice Department and Allied Holdings Inc.'s shareholders are urging the bankruptcy court not to approve the auto hauler's Chapter 11 plan disclosure statement. Read the full story at Forbes.com.

A New Bidder to Operate Allied: Vote No

March 19, 2007: Sopris Capital, an investment firm, has made a bid to the bankruptcy court to take over Allied, with a proposal filed on March 15, 2007. Sopris’ proposal states that they will put forth “$100 million in capital expenditures” and “the Yucaipa Plan calls for the sale of the Canadian operations [to Yucaipa!]…the Canadian operations represent a…disproportionately high amount of operating income.” Also, Automotive New reported in their March 12 edition that Yucaipa...

It's Up to Allied Teamsters Now

March 15, 2007: Ballots on the tentative concessionary deal covering 3,300 Teamsters at Allied Holdings are now re-scheduled to be mailed on March 19, and should be in the hands of Allied Teamsters soon after that. The decision is now in the hands of Allied Teamsters. Allied Teamsters who are opposed to the concession deal will observe the vote count on April 16, thanks to a stipulated consent order won in federal court by Teamsters...
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