Freight


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EEOC Race Discrimination Case Against YRC/Yellow Transportation Ends with $11 Million Decree

U.S. Equal Employment Opportunity Commission June 29, 2012 View the original piece Class of Black Employees Suffered Hangman's Nooses, Racist Graffiti and Epithets, Harsher Discipline, and Tougher Work Assignments, Federal Agency Charged CHICAGO – An $11 million consent decree entered here today in federal court has ended the U.S. Equal Employment Opportunity Commission's (EEOC) race harassment and discrimination lawsuit against a major transportation company. Magistrate Judge Susan E. Cox granted preliminary approval of the decree....

Freight Teamsters Say No Concessions

June 28, 2012: Freight Teamsters are building a rank-and-file network to say NO to concessions. They've launched a new website to help ABF Teamsters get informed, share ideas, and unite to protect the freight contract. Other freight Teamsters—especially YRCW brothers and sisters—are invited to join and support the struggle, because we are in this industry and union together. No Concessions is a reasonable and winnable goal for the contract. No concessions on benefits or conditions...

Central States Fund Report: $17.7 Billion

June 28, 2012: The Central States Pension Fund's 2011 Financial and Analytical Reports show that the fund was down to $17.7 billion at the end of 2011. Fund assets dipped from $19.9 billion at the start of 2011, to $17.7 at the end of the year. The fund made zero on investments during the year; in fact there was a loss of .28%, attributed to poor stock market performance. The reports—which were received by Teamsters...

Holland to Hire 450 Drivers

David Twiddy Kansas City Business Journal June 20, 2012 View the original piece A YRC Worldwide Inc. subsidiary is planning to hire 450 over-the-road and local city drivers in Midwest markets. In a release Wednesday, the Overland Park-based trucking company (Nasdaq: YRCW) said Holland is focusing on recruiting drivers in the areas of Indiana, Illinois, Ohio, Kentucky and Wisconsin. Holland, one of YRC’s regional brands, is seeing increased demand for next-day delivery and already hired...

ABF to Buy Panther Expediting for $180 million

Street Insider June 14, 2012 View the original piece Arkansas Best Corporation (Nasdaq: ABFS), announced it has entered into a definitive agreement to acquire Panther Expedited Services, Inc. ("Panther"), from Fenway Partners LLC, a leading middle market private equity firm. The total transaction value is approximately $180 million, subject to post-closing adjustments, with all of Panther's outstanding debt being repaid as part of the transaction. The acquisition is scheduled to close on or about June 15,...
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31,715 Graphics Teamsters’ Pensions Are Now Protected

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