Auto hauler Jack Cooper about to file bankruptcy but reorganize: Teamsters

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Published by iTrucker at 06 Aug

Auto hauler Jack Cooper about to file bankruptcy but reorganize: Teamsters

“Auto hauler Jack Cooper, which reorganized its debt and became a private company just two years ago, appears to be reorganizing again.”- According to the article in freightwaves.com and its author John Kingston

While the company itself has said nothing about a reorganization, the International Brotherhood of Teamsters has published updates on its negotiations on the Teamsters website that described a Jack Cooper filing under Chapter 11 of the Federal Bankruptcy Code as  “imminent.”- Kingston also wrote in his article.

Read the full story HERE

Source and credits: freightwaves.com / John Kingston and Mario Pawlowski / iTrucker

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