No. 2 vehicle hauler will go out of business
Monday, June 16th, 2008Andrew Grossman
Automotive News
June 16, 2008 - 9:56 am ET
DETROIT — The nation’s second-largest vehicle hauler says it will stop all operations and go out of business.
Decreasing volume and rising fuel prices had driven Performance Transportation Services Inc. into bankruptcy twice in the past 2½ years. Last week, a Teamsters union strike against the company dealt the final blow.
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