Teamster News

Teamsters and YRC hammer out new offer

The Kansas City Star

Teamsters union leaders on Friday announced a tentative contract agreement with Overland Park-based YRC Worldwide Inc. that the struggling company called the “best — and only remaining — path forward.”

A statement from the International Brotherhood of Teamsters said union leaders had engaged in “round-the-clock negotiations” with YRC officials since the trucking firm’s own contract proposal was overwhelmingly voted down last week by union members.

Martin Luther King, Jr.

As our nation celebrates the life and work of Martin Luther King, Jr, it is important to recall that Dr. King gave his life in Memphis in a battle for justice for striking workers.

YRCW will “revise proposal” to Teamsters

January 16, 2014: YRCW CEO James Welch now says that the company will “revise its proposal” for a contract extension, to work with the Teamsters and with their lenders to enable the company to re-finance its debt.

YRC Scrambles in Wake of Teamsters' 'No' Vote

Journal of Commerce

If it hopes to survive as a company, YRC Worldwide needs to act quickly after Teamsters employees rejected extended wage and benefit concessions the trucking operator’s lenders made a prerequisite for refinancing $1.36 billion in debt.

However, the nation’s second-largest less-than-truckload operator has only one route forward — back through the same Teamsters who rejected the concessions.

A vote in anger

DC Velocity

The decisive rejection yesterday by YRC Worldwide Inc.'s unionized workers of the company's proposed five-year contract extension was more than a referendum on the merits of the proposal. It was a referendum on the past four years.