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Central States Extends YRC’s $100M Debt till 2019

August 15, 2014: The Central States Pension Fund has given YRCW an extension until 2019 to repay $109 million that YRC owes the pension fund. This was revealed in a filing with the Securities and Exchange Commission and in the 2014 First Quarter Report filed by the Independent Special Counsel on July 30. That report, along with the Financial and Analytical Report obtained by TDU, indicates that the fund’s assets fell from $18.7 billion to...

OSHA Awards Damages and Reinstatement for Truck Driver

Truckers Justice Center Truckers Justice Center 13, 2014 View the original piece In a decision issued August 11, 2014, the Occupational Safety and Health Administration (“OSHA”) has found that truck owner Terry Unrein fired truck driver Rebecca Barnhard for refusing to drive a truck with a defective steer tire and for complaining that a headlight on the truck operated only intermittently. Unrein owned and operated five trucks, and transported goods under contract with Gulick Trucking....

The Trucking Industry Needs More Drivers. Maybe It Needs to Pay More.

Neil Irwin New York Times 11, 2014 View the original piece Swift Transportation’s 20,000 workers haul goods in almost 14,000 big-rig trucks that travel the interstates and back roads of the United States every day. The company’s performance is closely tied to the nation’s economy, which has been looking increasingly sunny lately. So it was surprising last month when Swift’s stock plummeted nearly 18 percent in a single day. The tumble came for an odd...

ABF Reports 14 Percent Revenue Increase

John Lovett Times Record July 31, 2014 View the original piece Fort Smith-based ArcBest Corp. reported a 14-percent increase in revenue for this year’s second quarter led by performances at its two largest operating companies, ABF Freight and Panther Premium Logistics. ArcBest’s second-quarter 2014 revenue was $658.6 million compared to revenue of $576.9 million in the second quarter of 2013, an increase of 14 percent. Second-quarter net income was $17.2 million compared to second-quarter 2013...

Shares Of A Major US Trucker Are Crashing After Management Says It Can't Find Drivers For Its Trucks

Rob Wile Business Insider July 28, 2014 View the original piece Shares in Swift Transportation, the largest truckload carrier in North America, were down 14% Friday after management warned it was going to have to invest more to address a driver shortage. The New Jersey-based firm now says it's going to have to spend more on wages and training to hold onto and attract ore drivers. ...We were constrained in the truckload and (central refrigerated systems)  segments by...
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Team Canada IBT Slate is Accredited

The two IBT vice presidents from Canada and the president of Teamsters Canada have petitioned among Canadian Teamsters to accredit the Team Canada Slate in the IBT Election.  Yesterday the Election Supervisor reported that they submitted 8,156 petition signatures, far more than the needed number of 2,807 in Canada.

Fighting for Our Future at the TDU Convention

Hundreds of Teamsters made organizing plans, set our movement’s direction, and elected our TDU leadership for the coming year at the first (and hopefully last!) online TDU Convention.

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