Allied Holdings bankruptcy (2005-2013)
Allied Holdings was once the largest car hauler in North America. It filed for Chapter 11 in August 2005 and was delisted, emerged in 2007 under Yucaipa, then filed again in 2012. Jack Cooper bought its assets for about $135 million in 2013.
Allied's fleet and contracts passed to Jack Cooper, which became the industry leader.
The sale showed how quickly a dominant hauler can unwind when debt and thin margins collide.
Scale in this business has never guaranteed survival. Proficient is now assembling the kind of lead that both Allied and Jack Cooper once held.
