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FMCSA to release new HOS rule December 22

December 14, 2011: The Department of Transportation and the Federal Motor Carrier Safety Administration have set Thursday, Dec. 22 as the date the FMCSA will release the final rule on Hours of Service, a source has told The Trucker. The agency had promised to release the rule no later than Dec. 28 as part of the court settlement between the FMCSA and safety advocacy groups who have successfully challenged HOS rules on three different occasions....

New approach to Teamsters trucking companies’ pension withdrawal liability

December 14, 2011: After decades of uncertainty over millions of dollars of potential pension withdrawal liability, Teamsters union-covered trucking companies in multi-employer pension plans finally have some tangible financial rays of hope. And that is good news for shippers, who stand to benefit from potential changes that will make it easier for surviving carriers in multi-employer plans to remain in business and prosper. Click here to read more at Logistics Management.

Cellphone ban for truckers inspires mixed opinions

December 13, 2011: Underwriters, trucking companies and industry groups have mixed opinions on the merits and potential impact of a new federal rule prohibiting commercial truckers and bus drivers from using hand-held cellphones while driving. The new rule, announced jointly on Nov. 23 by the Federal Motor Carrier Safety Administration and the Pipeline and Hazardous Materials Safety Administration, will impose civil fines of up to $2,750 for interstate truck drivers and bus drivers caught using...

YRC Authorizes Reverse Stock Split

December 1, 2011: Shareholders of the Overland Park, Kan., company on Wednesday authorized what is called a reverse split of its shares. The split is intended in part to raise the per-share price above $1 and bring YRC into compliance with NASDAQ market listing rules. The stock split is effective Friday, according to preliminary results released by the company. YRC’s ticker symbol will temporarily change from YRCW to YRCWD. The ticker symbol will revert to...

Expect final Hours of Service Rule

November 30, 2011: The Federal Motor Carrier Safety Administration expects to complete work on a final hours-of-service rule within the next 30 days, according to a joint report of the agency and plaintiffs in a federal lawsuit. “The final [HOS] rule is under review by the Office of Management and Budget, and FMCSA expects to issue the final rule within 30 days,” said the report, filed Monday with the U.S. Court of Appeals for the...
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Central States Financials -- Help is on the Way

As of June 30, 2021, the Central States Pension Fund had $9.3 billion in assets, which is down $1.1 billion from the beginning of 2021. This information is from the Fund’s Financial and Analytical Report for the second quarter, which was just obtained by Teamsters for a Democratic Union.

SoCal UPSers Take Group Action for Health & Safety After Driver Dies

Hundreds of Teamsters in SoCal 572 have filed a petition and group grievance to demand that UPS address health and safety concerns and a shortage of safe parking after a driver was run over and killed at UPS in Gardena one week before Thanksgiving. 

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