Freight


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New Penn Teamsters Approve Concessions

September 9, 2009: New Penn Teamsters voted by a 890-329 margin to approve YRCW’s concessions, after management and the International union threatened that they would lose their jobs if they once again said no. It was not surprising that most Teamsters reluctantly voted yes, after the threats that were handed down to the nearly 2000 Teamsters. The concession deal was still rejected in Boston Local 25 and Philadelphia Local 107. The votes were tallied today,...

Hoffa Takes Over Reddaway Bargaining

September 1, 2009: The Hoffa administration has taken control of bargaining the Northwest Reddaway trucking contract from the local unions in Washington and Oregon, in a move to help YRC impose concessions. The locals in Seattle and along the I-5 corridor in Oregon learned of the takeover by getting a copy of a letter Hoffa sent to Bob Paffenroth, offering him the position of Chairman of a subcommittee of the Teamsters National Freight industry Negotiating...

ABF in Talks with Teamsters

August 27, 2009: Arkansas Best Corp.'s ABF Freight System is negotiating with the Teamsters union to obtain cost cuts as a competitive response to a new round of wage and pension expense reductions at less-than-truckload carrier YRC Worldwide. Click here to read more.

YRC hires turnaround consultant

August 27, 2009: YRC Worldwide Inc. has named a turnaround consultant to guide the trucking company’s bid to survive the recession. The board of Overland Park-based YRC (Nasdaq: YRCW) named Richard Williamson, managing director of corporate turnaround firm Alvarez & Marsal, as chief strategy officer in a Thursday meeting. Williamson will coordinate and manage YRC’s work to maintain liquidity and fix its capital structure, YRC said in a filing with the Securities and Exchange Commission....

YRCW Cuts Salami; ABF Wants a Piece

August 21, 2009: The cancer of give-backs of wages and benefits is spreading in the freight industry. YRCW and the Hoffa administration are now using “salami tactics”: one slice of Teamsters at a time. Meanwhile, ABF is in talks with the Hoffa administration, and also softening up members, to try to get a deal of its own. Teamsters by the Slice New Penn Teamsters are now re-voting on YRCW’s Memorandum of Understanding (MOU), after voting...
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