PTS group ceases operations

| Business | "Car hauler decides to cease operations

DETROIT -- Performance Transportation Services' president said Friday that the car hauler and its related companies are ceasing operations, five days after 1,250 Teamster employees went on strike. Allen Park, Mich.-based PTS is North America's second-largest hauler of new vehicles and operated under Chapter 11 bankruptcy protection. The company anticipated negotiating a long-term contract during that time, but the Teamsters instead went on strike Monday. -- The Associated Press"