YRCW Execs Get Huge Bonuses
March 10, 2014: Last week the top execs of YRCW each got an $800,000 bonus, as a reward for the concessions approved by Teamster employees and the subsequent debt refinancing.
Freight
Rebuilding Teamster Power in Freight
“Let’s use this crisis as an opportunity to fight for what we deserve. It’s time to stop belly aching and get organized. Call TDU and set up a meeting in your area. That’s what I plan to do.”
Frank Rogers, Yellow, Local 41, Kansas City
Concerned About the Future? Do Something About It
Teamsters for a Democratic Union is bringing together Teamsters from across our union to work together to reverse the decline and rebuild Teamster Power in freight.
Freight resources from TDU
NoFreightConcessions.org
National Master Freight Agreement and Supplements
Email Updates
Contact TDU about meeting with freight Teamsters in your area
Click here to join TDU and become a part of our movement.
Freight News
YRCW’s Welch Nets $2.3 Million; Wilson Takes the Money and Runs
UPDATED March 6, 2014: Two recent SEC filings reveal that James Welch, CEO of YRCW, sold 93,750 shares of company stock and made $2,329,358.
YRCW 2013 Results
February 28, 2014: YRCW announced their 2013 annual and fourth quarter numbers and it’s clear that the regional carriers are pulling their weight. Operating profits were up to $22.7 million in 2013 for the regionals – Holland, New Penn, and Reddaway - while YRC Freight posted a 2013 loss of $15.4 million. YRC claimed losses due to weather, workers’ compensation claims, and weaker rates.
St Louis Teamsters Learn Truck Safety Rights
February 21, 2014: Over sixty Teamsters attended a February 15 meeting near St. Louis to hear Paul Taylor, lead attorney for the Truckers Justice Center, speak on truck safety issues.
YRC and IBT Issue Memos on Attendance Policy
February 19, 2014: YRC, New Penn, and Holland Teamsters all have a “clean slate” going forward from February 9, 2014 when it comes to documented absences.
Harry Wilson Bags $5.5 Million in Re-Fi Deal
February 11, 2014: Recent YRCW SEC filings reveal a payment of $5.5 million to MAEVA Group. See Item 16 in the link for the SEC filings. MAEVA is Harry Wilson’s company. Wilson, you may recall, is the Hoffa appointed trustee to the YRC Board.
YRC Completes $300 Million Refinancing
Transport Topics
02/03/2014
YRC Worldwide Inc. said it has moved forward in the refinancing of its debt by completing a multi-step transaction worth about $300 million.
HOS Study Proves Benefits of New Restart Restrictions, FMCSA Says
Transport Topics
01/30/2014
A new study found that the restart provision in the Federal Motor Carrier Safety Administration‘s current hours-of-service rule is more effective at combating fatigue than the prior hours rule, the agency said.
YRCW Teamsters Take Aim at 2016
January 27, 2014: The voting results are in and the YRC concessions will be extended through 2019. Join YRC Teamsters who are taking aim at 2016 and the chance to vote out the Hoffa administration and take back our union.
New YRC offer makes nondriver workers eligible for wage hikes; softens vacation sacrifices
DC Velocity
01/22/2014
Union workers at YRC Worldwide Inc. will vote this weekend on a revised contract proposal that could be the last hope in keeping the less-than-truckload (LTL) carrier out of bankruptcy.
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