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End of an Era for YRC Worldwide--Zollars Leaving as Chairman, CEO

October 4, 2010: Financially ailing trucking giant YRC Worldwide, which has lost more money than any trucking company in U.S. history, is getting a change at the top. Chairman and CEO William D. "Bill" Zollars says he is leaving the company after 13 tumultuous years at the helm. His contract was due to expire at the end of this year. The company says it would seek a successor from both internal and external candidates. Click...

Members Discuss YRCW Agreement

October 4, 2010: Thousands of YRCW Teamsters have gone to local union meetings to learn about the proposed agreement. Also, the Central States Pension Fund issued a statement indicating that the Fund intends to work out some benefits for members, if the agreement is approved. The Fund statement also indicates that no member will gain or lose anything by retiring before the agreement is ratified. Ballots will go in the mail on October 7. The...

YRCW Proposed Agreement Goes to Members

UPDATED September 30, 2010: The proposed agreement between YRCW and the International Union is headed for a membership vote, with ballots going out on October 7. Members will have a lot to consider because the concessions and trade-offs in the proposed deal are complicated, and the future of YRCW is on the line. The full text of the agreement is available here. Summary of Terms The agreement with YRCW companies would be extended two years,...

YRC CEO Zollars Gets the Boot

September 29, 2010: YRC Worldwide Inc. chief Bill Zollars, who led the Overland Park-based trucking company through some of its strongest and leanest times, said Tuesday he will retire soon. Zollars, YRC Worldwide’s chairman, chief executive and president, said he would step down after the company completed its restructuring plan, which has been under way for nearly two years. Click here to read more at KansasCity.Com.

ABF To Raise LTL Truck Rates 5.9 Percent

September 28, 2010: ABF Freight System said today it will raise its general tariff rates 5.9 percent, following an identical increase announced last week by competitor YRC. The Fort Smith, Ark.-based trucker is the second less-than-truckload carrier to announce a general rate increase ahead of trucking’s peak shipping season. Click here to read more at The Journal of Commerce.
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