Auto hauler hires turnaround expert: "PTS, which filed for Chapter 11 bankruptcy protection last year, is the
second largest transporter of new automobiles, sport-utility vehicles and light trucks in North America. It operates three trucking lines: E
and L Transport, Hadley Auto Transport and Leaseway Motorcar Transport, which together deliver approximately 3.8-million new cars and light trucks annually."
What's going on at the top of the food chain? Correction of over-supply? Look for some of these divisions to get spun for cash.
Wednesday, March 22, 2006
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