UPDATED November 27, 2013: The Freight Division has scheduled a two-man meeting for December 6 in Dallas to review proposals made by YRC to extend the current MOU. All locals representing YRC Teamsters have been asked to send representatives for the meeting.
Rebuilding Teamster Power in Freight
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Frank Rogers, Yellow, Local 41, Kansas City
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YRC Worldwide Inc. wants a five-year extension of its labor contract with the International Brotherhood of Teamsters, the labor union confirmed during a Monday conference call with its local leadership.
Updated November 19, 2013: Talks have begun between YRC and the IBT Freight Division over a five year extension of the contract. Tyson Johnson held a conference call for local union officials today to report on the initial sessions.
YRC Worldwide Inc.’s negotiations with the International Brotherhood of Teamsters will not be finished by Friday, according to a report filed by Bloomberg.
YRC Worldwide Inc. saw its third-quarter revenue increase by $15.9 million from the same quarter the previous year, and operating income dropped by $21.5 million during the same time period.
November 8, 2013: YRC CEO James Welch presented his case to Teamster local officers three days ago for a five-year contract extension, in order to secure new financing.
YRC Worldwide Inc., saying it intends to negotiate an extended labor contract with the Teamsters union, has delayed release of its quarterly financial report.
YRC Worldwide Inc. had originally been expected to release earnings last week, but then it scheduled them for Thursday. On Wednesday afternoon, the Overland Park based less-than-truckload carrier (Nasdaq: YRCW) delayed its quarterly financial report to Tuesday.
YRC Worldwide Inc. says it needs the Teamsters to extend existing concessions if the company is to be able to refinance its debts.
The forbearance of YRC Worldwide Inc.'s unionized workforce is about to be tested again.