July 31, 2015: YRCW stock jumped 25% within minutes of today’s opening, following the second quarter report on YRCW’s best period in a decade. What will it mean for 20,000 Teamsters who made it possible?
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
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Trucking company YRC Worldwide Inc. posted a second-quarter profit despite a 4.6 percent drop in sales from a year ago, when it lost money.
The nation’s largest for-hire carriers are becoming more selective about the freight they haul, taking steps to minimize delays and focusing on better utilization of equipment and personnel as strong demand and a shortage of drivers continue to strain capacity. But tight capacity isn’t necessarily hampering growth for carriers on the Transport Topics Top 100 list, as the number of companies on this year’s ranking with annual revenue of at least $1 billion increased to 35 from 30 the previous year.
Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.
Freightliner Trucks has received the first license in the United States for an autonomous-driving truck to operate on public highways from Nevada Gov. Brian Sandoval.
The U.S. Supreme Court has declined to hear appeal of rulings that upheld a California law that requires employers to provide meal breaks to workers.
The so-called driver shortage is taking its toll on volume growth and further heightening the need for pricing discipline, according to the president of the third largest transportation and logistics company in America.
Jamie Pierson doesn't want to take all the credit for YRC Worldwide Inc.'s turnaround effort.
As the U.S. heads toward what some economists consider “full employment,” trucking companies tracked by the Labor Department hired an additional 2,600 workers in February, pushing the monthly JOC.com Trucking Employment Index reading up to 99.9.
YRC Worldwide Inc.'s top executives received large increases in total compensation in 2014, according to the company's annual proxy statement.