North American vehicle hauler Jack Cooper is to acquire the business of bankrupt rival Allied System Holdings following a successful bid confirmed this week. (Read more)
On Tuesday, September 17, U.S. Bankruptcy Judge Christopher S. Sontchi approved the sale of most of Allied Systems Holdings assets to Jack Cooper Transport.
At the auction that concluded Thursday, September 12, Allied selected Jack Cooper Transport as the entity with the best and highest bid.
A U.S. Bankruptcy Court judge on Monday, September 9 granted the company’s request to reopen the auction to sell the assets of Allied Systems Holdings and related companies. The ruling gives Teamster-represented Jack Cooper Transport the chance to show it is best suited to keep Allied operating into the future. (Read more).