YRCW: Concessions and Profits

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?

YRCW’s operating profit for the quarter was $56.9 million, compared to $20 million a year ago.  Analysts noted that YRCW’s profits are up on lower revenues, as LTL freight has declined a bit in 2015.

YRC’s operating ratio is a respectable 97.2%, and YRC’s Regionals hit the jackpot with an operating ratio of 91.9%, better than some nonunion competitors.

YRCW Teamsters have sacrificed many thousands of dollars in wages, and more than that in lost pensions. Is it time to start planning for revisiting some of the concessions – we think so. It’s also time for the IBT reps on YRCW’s board to make sure equipment is upgraded, rather than exec perks or some pet project.

YRCW Teamsters in the West have been kicked out of the Western Conference Pension Plan, with no chance of earning an early retirement (PEER 80). How about lifting that punishment of the Teamsters who made YRCW’s profits possible?

YRCW Teamsters across the country are asking if this profitability will lead to any consideration of proposals by the International Union, which has done nothing, but congratulate themselves for giving concessions.

The Hoffa administration has done nothing for freight Teamsters: no real organizing, to saving the NMFA, and they’ve completely failed to protect Teamster pensions. 

Fortunately, they can be voted out of office in 2016 – if Teamsters unite to make it happen. 


Showing 3 reactions

Please check your e-mail for a link to activate your account.
  • followed this page 2016-10-05 12:21:24 -0400
  • commented 2015-08-11 22:02:54 -0400
    All of us should stick together an not run scare like they did in the last contract Vote Hoffa Out !!!!!!
  • commented 2015-08-11 15:33:07 -0400
    2 cowards
Get Advice Join TDU Donate

Recent News

1,500 Kroger Teamsters Exit the Central States Fund

Teamster employed at three Kroger warehouses and two dairies have been removed from the Central States Fund, in an arrangement similar the removal of 44,000 UPS Teamsters in 2007.  

The Push is On for Butch Lewis Act

Today, at a press conference held in Washington D.C., Mike Walden, president of the National United Committee to Protect Pensions (NUCPP), reminded the assembled press and Congressional staffers, Senators and House Representatives, delegations of Teamsters and Mineworker retirees, of Butch Lewis’s remark, “A promise is a promise is a promise.” It’s that promise that this movement has grown to defend. And it’s happening loud and strong as we reach for the new law that will protect that promised retirement security.

View More News Posts