CEO of strikebound car hauler: Company to close -

CEO of strikebound car hauler: Company to close - "'Unfortunately, for reasons we do not fully understand, the Teamsters concluded that it was not in their interest to accept our offer,' Cornish wrote.

'Management and many of our Teamster members were willing to make the requested sacrifices to save the company, but the leadership of the union had a different agenda,' Cornish added.

Ford spokesman Todd Nissen and Toyota spokesman Xavier Dominicis said Friday evening that the automakers have had contingency plans in place since the Teamsters struck PTS, which is one of many companies contracted to haul vehicles.

'This won't have a bearing initially on our ability to deliver cars out to the customers,' Nissen said. Alternatives might include greater use of railroads to deliver vehicles, he said."