Auto Hauler Allied Selects Jack Cooper Transport Bid
At an auction that concluded on Thursday, auto transporter Allied System Holdings selected fellow auto hauler Jack Cooper Transport as the entity with the best and highest bid.
At an auction that concluded on Thursday, bankrupt auto transporter Allied System Holdings selected fellow auto hauler Jack Cooper Transport as the entity with the best and highest bid.
The selection of Jack Cooper’s bid sets up an approval hearing by the U.S. Bankruptcy Court on Tuesday, that if approved, sets an effective sale date of October 31.
The two companies are among the biggest auto haulers in the United States with the change in ownership reportedly giving Cooper around 4,000 tractors and trailers with business of around $1 billion annually.
Unlike the first auction, where Allied selected a bid from Black Diamond/Spectrum that drew vigorous challenges by multiple constituents, including the Teamsters Union, all major parties supported the sale to Jack Cooper.
“The Judge did the right thing in reopening the auction, there were so many holes and contingencies in the prior bid by Black Diamond/Spectrum that it clearly wasn’t in the best interests of the employees or creditors,” said Roy Gross, director of the Teamsters Carhaul Division.
Allied has filed for bankruptcy more than once in recent years.
More Fleet Management
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools
New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.
Read More →
July Imports Poised to Set Container Record
The National Retail Federation projects July container imports will surpass the pandemic-era record as shippers frontload freight ahead of expected August tariff increases.
Read More →
HDT Announces 2026 Truck Fleet Innovator Finalists
From AI and fleet electrification to safety, operations, and leadership, these HDT Truck Fleet Innovator finalists are changing how trucking gets done.
Read More →