Leaders of the International Brotherhood of Teamsters are asking YRC shareholders to vote against a number of proposals concerning executive compensation at YRC Worldwide Inc.
Rebuilding Teamster Power in Freight
“Let’s use this crisis as an opportunity to fight for what we deserve. It’s time to stop belly aching and get organized. Call TDU and set up a meeting in your area. That’s what I plan to do.”
Frank Rogers, Yellow, Local 41, Kansas City
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U.S. Transportation Secretary Anthony Foxx visited several critical freight corridors during an eight-state bus tour last week, saying the future sustainability of America’s roadways depends on Congress addressing the infrastructure funding crisis.
A California state agency has ruled that seven drivers for Pacer International Inc. who challenged their status as independent contractors can collect $2.21 million.
The Department of Labor Standards Enforcement ruled the drivers were company employees, rather than independent contractors. Pacer, which recently became part of XPO Logistics, has filed a notice of appeal.
March 25, 2014: YRCW’s annual meeting on April 29 is open to anyone who owns any common stock. And Teamsters own stock. Want to question CEO James Welch, in front of the media?
Along with auto technicians, fast food workers, and baggage handlers, another profession has been hit by the separation of labor from employer: Port truckers, who haul containers from cargo ships on short trips around the terminal. Years of deregulation have led to more of them being classified as "independent contractors," with lower pay and fewer rights, rather than unionized employees.
A string of actions by state officials and the National Labor Relations Board has strengthened the hand of truck drivers who say they need union representation to improve pay and working conditions for the thousands who transport cargo out of the ports of Los Angeles and Long Beach.
YRC Worldwide Inc.’s top executives made more in 2013 than they did in 2012, according to a Securities and Exchange Commission filing.
Late last month, YRC Worldwide reported adjusted 2013 EPS of ($5.09), versus the Street's ($11.17) estimate and our ($6.70) estimate, and in this note, we are updating our earnings model for the refinancing and recent results.
The Federal Motor Carrier Safety Administration on Thursday unveiled its proposal to require interstate commercial truck and bus companies to use Electronic Logging Devices in their vehicles to improve compliance with the safety rules that govern the number of hours a driver can work.