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YRC Teamsters Vote Update

August 6, 2009: The vote count is proceeding among the approximately 27,200 YRC Teamsters who mailed in a ballot on proposed deep contract concessions. Today was spent sorting the ballots by local union and opening ballot envelopes. Many ballots have been placed into “yes” and “no” piles by local union, but some have not been opened yet, and no actual counting has taken place. International Union officials stated they would not do counting today. The...

YRC Withdrawal Could Hurt Early Retirement

July 29, 2009: The proposed temporary withdrawal by YRC from all Teamster pension funds could have a serious impact on some Teamsters in the West. The Western Conference of Teamsters Pension Fund requires that some Teamsters must have 1,000 hours of contributions within the last 24 months prior to retirement, or they will lose eligibility for their PEER 80 early retirement benefits. Those Teamsters who have 25 credited years are protected, and don’t have to...

YRC Backtracks on Giving away More Teamster Work

July 22, 2009: Yellow Roadway CEO Bill Zollars put his foot so far down his throat that he gagged on his shoe, and had to apologize for a press release bragging that he would subcontract out more Teamster work. Just as ballots are arriving at Teamster homes, giving members the choice of giving up their pension and more wages or losing their job, Zollars issued a press release on Monday bragging about his “strategic partnership”...

ABF Freight Loses $15 Million

July 22, 2009: Less-than-truckload carrier ABF Freight System lost $15.4 million in the second quarter, the company said July 21, on steep declines in volume and pricing in the trucking business. The loss was better than the $18.2 million the Fort Smith, Ark.-based carrier lost in the first quarter, but the 17 percent slide in tonnage and the 13.1 percent drop in yield, a signal of eroding pricing, were far worse in the quarter ending...

Kansas City Business Journal: Nonunion YRC Employees Won’t Take Further Cuts

July 21, 2009: YRC Worldwide Inc.’s nonunion employees probably won’t take further cuts if International Brotherhood of Teamsters workers approve another round of concessions, company Chairman and CEO Bill Zollars said. The nonunion workers, who constitute about 14,000 of YRC’s 49,000 total employees — or about 29 percent of the work force — early this year took a 10 percent wage cut that now has been extended, along with the suspension of 401(k) matches and...
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