There has been more trucking industry fallout from the
financial problems facing the Big Three automakers.
Performance Transportation Services Inc., which hauls new
vehicles to dealers, has filed for Chapter 11 bankruptcy. Based in
the company employees 2,000 people at its three operations: E&L Transport,
Hadley Auto Transport and Leaseway Motor Car Transport.
CEO Jeff Cornish declined to record an interview for “Land
Line Now” but in e-mail correspondence said the company remains open for
business, with all its assets intact. Cornish said no employees are being laid
off, as there continues to be a need for their services – hauling new vehicles
to dealers across the country.
According to company materials, Performance Transportation
Services is the second-largest transporter of new cars and light trucks in North America. And, PTS has announced it has signed new
hauling contracts with Nissan and
“The percentage of business we do with each car company may
change as market shares change,” Cornish stated in his e-mail to “Land Line
– By Mike Throop,