Skip to content

Allied Systems Holdings Files for Bankruptcy

6/11/2012 12:00:00 PM
Write a Letter to the Editor

Print This


Vehicle hauler Allied Systems Holdings said it is restructuring its finances after filing for Chapter 11 bankruptcy protection on Sunday.

Allied said deliveries to its customers will continue as normal as the company seeks to eliminate debt and strengthen its balance sheet.

“All of our customers can be sure that the filing will have no impact on our ability to maintain our best in class service levels,� Allied CEO Mark Gendregske said in a statement. “We understand the trust our customers place in us and we are committed to serving them without interruption.�

Allied previously filed for Chapter 11 protection in July 2005 and emerged in May 2007. Since then, the company’s sales have been adversely affected by a downturn in vehicle production and sales due to the global economic crisis that began in 2008, Allied said.

Follow Transport Topics on RSS Twitter Facebook

 Print This


© 2012, Transport Topics Publishing Group. All rights reserved.



Emil Estafanous, CPA, CFF, CGMA