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YRC CEO Welch gets a 397% Raise

YRCW’s CEO bagged $10.8 million in total compensation last year, while the Teamsters who move the freight got a token raise and no relief from pay and pension concessions. 

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?

Freightliner Gets First License for Autonomous-Driving Truck (with video)

Neil Abt Transport Topics May 06, 2015 View the original piece Freightliner Trucks has received the first license in the United States for an autonomous-driving truck to operate on public highways from Nevada Gov. Brian Sandoval. The Freightliner Inspiration was previewed for the media at the Las Vegas Motor Speedway on May 5, an occasion Sandoval hailed as “a historic day in the areas of transportation and innovation” and a “monumental day for the human...

Supreme Court Rejects Appeal of California Meal-Break Rule

Michele Fuetsch Transport Topics May 05, 2015 View the original piece The U.S. Supreme Court has declined to hear appeal of rulings that upheld a California law that requires employers to provide meal breaks to workers. Penske Logistics was asking the court to overturn decisions by the 9th U.S. Circuit Court of Appeals, based in San Francisco, that said the companies must abide by the state law. The second case involved Vitran Express, a Canadian...

Truck driver scarcity pulls down Con-way volume, profit

JOC Staff The Journal of Commerce May 05, 2015 View the original piece The so-called driver shortage is taking its toll on volume growth and further heightening the need for pricing discipline, according to the president of the third largest transportation and logistics company in America.   “The tight driver market is limiting our ability to fully seat our fleet,” said Con-way President and CEO Douglas Stotlar during in a statement during last week’s first-quarter...
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31,715 Graphics Teamsters’ Pensions Are Now Protected

The Pension Benefit Guaranty Corporation announced last week that it approved a payment of $1.29 billion to the Graphic Communications Conference of the IBT Pension Plan, to prevent drastic pension cuts in the plan, which has 31,715 retirees and working Teamsters.

TForce: Profits are Up and the CEO is Bullish on the Future

Today the CEO of TFI International, which owns TForce, gave an upbeat report following a very profitable first quarter. CEO Alain Bedard stated that the new ownership has barely scratched the surface of making TForce a money-maker and may achieve an incredible 80% operating ratio in a couple years.

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