U.S. set first fuel standards for big trucks
October 25, 2010: The Obama administration on Monday proposed the first ever fuel efficiency and emissions standards for big tractor trailers and other commercial trucks. The joint Transportation Department and Environmental Protection Agency initiative covers a range of vehicles from delivery vans to long-haul rigs, and is expected to cut nearly 250 million tonnes of greenhouse gas emissions over the lifespans of vehicles produced within the program's first five years. Click here to read more...
Overtime Lawsuits—Keep on Trucking
October 25, 2010: Overtime lawsuits are increasing nationwide, particularly in some states where truckers who were at first denied overtime pay may find that their employer has violated the overtime law. Historically, truck drivers are generally ineligible for overtime pay under federal wage and hour law, but not so in New Jersey, and perhaps other states will soon follow its example. According to the US Labor Department about 115 million employees—86 percent of the workforce—are...
WSJ: UPS Raises Outlook as Profit Jumps
October 21, 2010: United Parcel Service Inc. reported an 81% surge in third-quarter profit and raised its 2010 financial forecast amid what the shipping giant called a lethargic economic recovery. "We think that even with a modest-growth economy we can show good expansion in revenue and earnings," Chief Financial Officer Kurt Kuehn said during an interview. Predications by economists earlier in the year that the recovery would gain steam don't appear to have panned out,...
YRC hauls a full load of uncertainty
October 20, 2010: For the third time in less than two years, YRC Worldwide Inc. drivers and dock workers are about to decide the fate of the long-troubled trucking company. Although workers have begrudgingly accepted cuts two previous times to keep YRC afloat, doubts linger about whether concessions will be accepted a third time, despite indications that they’re needed for YRC to survive. Click here to read more Kansas City.Com
NY Times: 2nd Teamsters Candidate to Challenge Hoffa in 2011
Sandy Pope, president of a Teamsters local in New York City and one of the most prominent women in the union, announced on Monday that she would challenge James P. Hoffa for the presidency. Mr. Hoffa, who has the most famous name in organized labor, has headed the International Brotherhood of Teamsters since 1999. The election will be in October 2011. Click here to read more at The New York Times.
BNA Daily Labor Report: IBT Local President Sandy Pope Planning To Challenge Hoffa for Union Presidency
October 13, 2010: Sandy Pope, International Brotherhood of Teamsters Local 805 president in Long Island, N.Y., announced Oct. 10 to union members that she plans to challenge James P. Hoffa, the incumbent general president, during the union's 2011 national election. In an Oct. 11 statement, Pope said, “We need a Teamsters General President who will put the power of our union to work for the members. The Teamsters Union is the most powerful union in...
Teamster Funds Shifts Billions to Mellon, Northern Trust
October 7, 2010: Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., hired Mellon Capital Management to run $926 million in an MSCI EAFE index find, according to a filing in U.S. District Court in Chicago. The $18.5 billion fund also added $715 million to an existing S7P 500 index fund managed by Mellon, increasing it to $4.6 billion, according to the filing. Click here to read more.
UPS Buys 130 Hybrid Trucks
October 5, 2010: UPS Inc. said it has purchased 130 hybrid electric vehicles, which the package carrier will launch into service next year. Thirty of the package delivery trucks will be deployed in New York and New Jersey, and 100 will go to California, UPS said in a statement. Click here to read more at Transport Topics.
UPS Freight to Raise Rates 5.9 Percent
October 4, 2010: UPS Freight will raise its non-contract rates 5.9 percent Oct. 18, becoming the fourth major less-than-truckload carrier to ask shippers for a general rate increase. The increase will apply to non-contract LTL rates and minimum and accessorial charges. Click here to read more at The Journal of Commerce.
End of an Era for YRC Worldwide--Zollars Leaving as Chairman, CEO
October 4, 2010: Financially ailing trucking giant YRC Worldwide, which has lost more money than any trucking company in U.S. history, is getting a change at the top. Chairman and CEO William D. "Bill" Zollars says he is leaving the company after 13 tumultuous years at the helm. His contract was due to expire at the end of this year. The company says it would seek a successor from both internal and external candidates. Click...