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Corvette Transporter Bankrupt

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  • Corvette Transporter Bankrupt

    Jack Cooper Transport who has traditionally hauled most of the Corvettes out of the Bowling Green Assembly Plant, declared for Chapter 11 Bankruptcy protection the first week of the month. They stated that this would allow them to refurbish its fleet and that they would be just fine. I saw this article the day it appeared, thought nothing of it until I saw this picture in another of today’s threads, my noticing a different transporter company. So in this thread are now two different company transporters.

    Click image for larger version

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    Originally posted by TransporterNews
    Jack Cooper Files for Bankruptcy, but Pledges 'Business as Usual'


    A Jack Cooper truck transports cars. (Jack Cooper Holdings Corp.)

    [Stay on top of transportation news: Get TTNews in your inbox.]

    Despite filing for bankruptcy, it will be “business as usual.”

    The Georgia-based auto-hauling company filed for Chapter 11 bankruptcy protection Aug. 6, according to documents filed in the U.S. District Court for Northern Georgia.

    Jack Cooper officials said in a news release the company is undertaking a “comprehensive, court-supervised restructuring that would reduce its debt by more than $300 million and
    preserve jobs.
    https://www.ttnews.com/articles/jack...business-usual
    GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

  • #2
    Here is what we typically see:

    Click image for larger version

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    GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

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    • #3
      More info on Jack Cooper:

      https://www.truckinginfo.com/338174/...-11-bankruptcy

      Looks like they lost Toyota's business when Toyota switched to another non-union hauler.

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      • #4
        You would think that this would be a lucrative contract. But, I would imagine with cars going in all different directions they either would have to broker loads which would be time consuming with little profit or they would be running a lot of partial loads and very scattered and costly. It is hard to run a fleet of trucks from one destination to various destinations.And then dead heading back Most likely a complicated contract with little room for error. Also they have to be tooled up to carry 40,000 cars in a good year and as little as 16,000 in a slow year.Takes a lot of Trucks that always have to be moving in a busy year and sitting still in a slow year. I recently read an article about QuadGraphics a company that is in the printing business, not INITIALLY in the Trucking business. They are huge print shop and print a lot of magazines and all the circulars and flyers throughout the country that come in newspapers and Sunday newspapers. The owner started the business back in the late 60s and did what most would not imagine. He started his own trucking business to haul his printed products. Has over 300 Tractor/ Trailers today. He has to keep those trailers full to pay for the equipment . That means they have to haul other's freight with no dead heading. If there is in the contract between Jack Cooper and GM that he is not allowed to haul other's freight, that is the problem.

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        • #5
          This has been very difficult couple of years for trucking companies. I'm not sure why, but many of them are reporting losses or dramatically lower profits.

          https://www.businessinsider.com/truc...-plunge-2019-7
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          • #6
            Just wait till they automate the trucking industry and all of those jobs go bye, bye.

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