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Port truck drivers vying to join union get state, federal boost

March 21, 2014
James Rainey Los Angeles Times March 21, 2014 View the original piece A string of actions by state officials and the National Labor Relations Board has strengthened the hand of truck drivers who say they need union representation to improve pay and working conditions for the thousands who transport cargo out of the ports of Los Angeles and Long Beach.   In a settlement this week, one major trucking company agreed to post notices acknowledging...

Top YRC execs Welch, Pierson see pay rise in 2013

March 20, 2014
Austin Alonzo Kansas City Business Journal March 20, 2014 View the original piece YRC Worldwide Inc.’s top executives made more in 2013 than they did in 2012, according to a Securities and Exchange Commission filing. On Tuesday, the less-than-truckload carrier (Nasdaq: YRCW) sent a notice to stockholders inviting them to the annual stockholder meeting April 29 at the company’s Overland Park headquarters. The notice advised stockholders that they will be asked to vote on the...

YRCW Financial Analysis

March 18, 2014
Stifel March 18, 2014 View the original piece 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. Click  here or on the image to the right to read more.  

DOT Issues Electronic Logbook Regs

March 14, 2014
Truckinginfo March 14, 2014 View the original piece 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. FMCSA contends the proposal would significantly reduce the paperwork burden associated with hours-of-service recordkeeping -- the largest in the federal government following tax-related...

YRCW Execs Get Huge Bonuses

March 10, 2014
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. A salaried (nonunion) employee of YRCW sent us an open letter to CEO James Welch regarding the top-heavy priorities of YRCW management, which is reprinted below. For obvious reasons, the letter is not signed. Mr Welch; Congratulations to you and Mr. Harry Wilson and Mr....
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