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?
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
Concerned About the Future? Do Something About It
Teamsters for a Democratic Union is bringing together Teamsters from across our union to work together to reverse the decline and rebuild Teamster Power in freight.
Click here to join TDU and become a part of our movement.
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.
March 10, 2014: Last week the top execs of YRCW each got an $800,000 bonus, as a reward for the concessions approved by Teamster employees and the subsequent debt refinancing.
UPDATED March 6, 2014: Two recent SEC filings reveal that James Welch, CEO of YRCW, sold 93,750 shares of company stock and made $2,329,358.
February 28, 2014: YRCW announced their 2013 annual and fourth quarter numbers and it’s clear that the regional carriers are pulling their weight. Operating profits were up to $22.7 million in 2013 for the regionals – Holland, New Penn, and Reddaway - while YRC Freight posted a 2013 loss of $15.4 million. YRC claimed losses due to weather, workers’ compensation claims, and weaker rates.