North America's Strongest Union

Jack Cooper Successfully Completes Debt Reduction; Good News for Teamster Carhaulers

In a series of financial transactions, Jack Cooper announced on June 29, 2017 that it had successfully reduced the company's outstanding debt by $300 million which in turn will reduce annual interest by nearly $10 million.

"This is good news--really good news for Teamster-represented workers at Jack Cooper," said Kevin Moore, Director of the Teamsters Carhaul Division. "Cooper had been facing significant upcoming debt payments that had some customers concerned. With the debt reduction and our contract in place, the company can focus on its operations and customer relations and retention."

The Teamsters Union has been closely monitoring the transactions, and will continue to do so.



Teamster Privilege Auto and Home

As a member of IBT you now have access to valuable features and benefits, including special group discounts on auto and home insurance offered through MetLife Auto & Home – a leading provider of quality auto insurance coverage.

Sign Up For Action Alerts

Mobile alerts from Teamsters. Periodic messages. Msg & data rates may apply. Text STOP to 86466 to stop receiving messages. Text HELP to 86466 for more information.Terms & Conditions