More Allied News

Allied Holdings, the parent company of automobile transporters Allied Systems, Auto Haulaway of Canada and automotive logistics provider Axis Group, said Monday that its common stock has been delisted from the American Stock Exchange as of last Thursday.The Amex previously halted trading in Allied common stock on Aug. 1 after Allied and certain of its operating subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on July 31.Allied voluntarily applied for approval from the Securities and Exchange Commission to delist from Amex, and is seeking to have its common stock included in the over-the-counter bulletin board or quoted on Pink Sheets – a daily listing of bid and ask prices for over-the-counter stocks not included on the OTC bulletin board – the company said in a statement.Allied is ranked No. 25 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers. (from