Freight

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.

Freight resources from TDU
NoFreightConcessions.org
National Master Freight Agreement and Supplements
Email Updates
Contact TDU about meeting with freight Teamsters in your area

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Freight News


YRCW Financial Analysis

Stifel
03/18/2014

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.

DOT Issues Electronic Logbook Regs

Truckinginfo
03/14/2014

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.

YRCW Execs Get Huge Bonuses

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.

YRCW 2013 Results

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.

St Louis Teamsters Learn Truck Safety Rights

February 21, 2014: Over sixty Teamsters attended a February 15 meeting near St. Louis to hear Paul Taylor, lead attorney for the Truckers Justice Center, speak on truck safety issues.

Harry Wilson Bags $5.5 Million in Re-Fi Deal

February 11, 2014: Recent YRCW SEC filings reveal a payment of $5.5 million to MAEVA Group. See Item 16 in the link for the SEC filings. MAEVA is Harry Wilson’s company. Wilson, you may recall, is the Hoffa appointed trustee to the YRC Board.

YRC Completes $300 Million Refinancing

Transport Topics
02/03/2014

YRC Worldwide Inc. said it has moved forward in the refinancing of its debt by completing a multi-step transaction worth about $300 million.

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