Cerberus owns Jack Cooper's assets, but GM agreed to fund the car hauler's wind-down, the sources said, paying any accrued salaries, payroll, unused vacation time and outstanding health care claims.

[Stay on top of transportation news: Get TTNews in your inbox.] The collapse of auto hauler Jack Cooper Transport is expected to provide an initial tailwind for other carriers in the sector ...

Jack Cooper had sought a new contract with GM — and all of its customers — after Ford Motor Co. canceled its contract with the car hauler last month. Ford was Jack Cooper's second-largest ...

Ford Motor Co. is ending its decadeslong contract with car hauling company ... notified Jack Cooper that it ended its contract with the hauler on Jan. 2, with a 30-day notice, according to two ...

The collapse of auto hauler Jack Cooper Transport is expected to provide an initial tailwind for other carriers in the sector. Macroeconomic trends promise decrease in capacity as sales fall.