Transport Industries granted exclusivity extension to finalize plan

By Caroline Salls

Pittsburgh, June 30 - Transport Industries LP obtained a two-month extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to July 21 from May 22 and the solicitation period to Sept. 22 from July 24.

Transport said it has provided its official committee of unsecured creditors with a draft of a plan but still needs to finalize the terms of it.

Transport Industries, a Dallas-based third-party provider of transportation services, filed for bankruptcy on Oct. 20, 2008. Its Chapter 11 case number is 08-12430.

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