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YRCW Hands $10 Million to Top Execs

January 05, 2015
January 5, 2015: The YRCW Board of Directors, including two nominated by James Hoffa, has handed the top two executives a $10 million bonus. “What happened to ‘equality of sacrifice’” asked Frank Fullerton, a YRC road driver out of Local 728 Atlanta. “This is a slap in the face to every YRC employee and retiree, who has given up wages, pensions and vacations. And the IBT goes along – one more reason to dump Hoffa...

YRCW Execs Get Big Pay Hike

January 05, 2015
Austin Alonzo Kansas City Business Journal January 05, 2015 View the original piece YRC Worldwide Inc. has terminated its employment agreements with CEO James Welch and CFO Jamie Pierson. However, the Overland Park-based company's top executives aren't going anywhere. According to a Securities and Exchange Commission filing late Friday, the less-than-truckload carrier (Nasdaq: YRCW) announced that the company's board approved termination of Welch and Pierson's current employment agreements to grant them a new, more competitive package in 2015. Click...

2014 Was a Happy Year for Transport Stocks

January 05, 2015
Wolfe Research January 05, 2015 View the original piece Monthly Transport Trader. Our Transport Trader report is a monthly review of transport stock performance. We show transport performance vs. the S&P 500 and other sectors, sub-sector performance (e.g. rail vs. truck), comparable stock performance (e.g. FDX vs. UPS), and individual stock performance vs. the market and peer group.Transports Give a Little Back in December, with Some Signs of Mean Reversion. Our WR Transport index fell 0.7% in Dec. and slightly...

HOS Restart Rule Reverts to Pre-July 2013 Status; Questions and Answers

December 17, 2014
Transport Topics December 17, 2014 View the original piece Questions and answers on the impact of the suspension of the HOS restart provision approved by Congress (as supplied by American Trucking Associations):  On Dec. 13, Congress passed the fiscal year 2015 Omnibus Appropriations bill, providing funding for the vast majority of the federal government, including the Department of Transportation, for the current fiscal year. The President signed the bill into law Dec. 16. Officially titled the Consolidated...

Self-Driving Trucks Could Revolutionize Package Delivery, DHL Predicts

December 16, 2014
Richard Weiss Bloomberg News December 16, 2014 View the original piece While Google Inc. plans to someday unleash driverless cars on public streets, the logistics industry will probably be one of the first training grounds for such automated vehicles. Shipping companies will probably adopt the technology faster than other industries as moving cargo in non-public areas like storage facilities and warehouses offers a way to test such devices with less risk to human life, according...
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