Auto hauler Jack Cooper Transport said yesterday that it had “successfully completed” the restructuring process that began with a filing in August, Freight Waves reported. The Kansas City, Mo.-based company also stated that the restructuring “has preserved jobs for more than 2,500 employees.” More than 2,000 of its employees are union members, the company said. Back in August, the Teamsters urged its members to approve a new contract that would allow the survival of Jack Cooper and preserve union jobs. The union rank-and-file did so in September. According to the Federal Motor Carrier Safety Administration’s SAFER website, Jack Cooper has 1,511 power units and 1,324 drivers. The restructuring cut the company’s debt level by more than $300 million, according to Michael Riggs, chief executive officer of Jack Cooper.
