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