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Albertsons, Safeway deal advances

Pamela Riemenschneider The Packer April 07, 2014 View the original piece The $9.4 billion deal between Safeway and Albertsons owner Cerberus Capital Management is a step closer after no other bidders emerged for the Pleasanton, Calif.-based chain. The deal would make the combined chain the second largest in the U.S., with 2,400 total stores. Cincinnati-based Kroger Co. has 2,600, but it could be Kroger Co. that benefits from this deal, especially in markets where Safeway...

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NY Daily News: UPS dismisses 250 Queens drivers after they protested against long-time employee's dismissal

Ginger Adams Otis New York Daily News April 02, 2014 View the original piece The unionized drivers at the Maspeth facility walked off the job for 90 minutes Feb. 26 to protest the firing of long-time employee and union activist Jairo Reyes. Public Advocate Letitia James has contacted UPS to ask them to change their tactics. UPS has delivered a special message to 250 of its Queens drivers: You’re fired! The Atlanta-based company is booting...

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CCTA management and drivers still make no deal

Elizabeth Murray Burlington Free Press March 31, 2014 View the original piece After another marathon negotiation session, no deal was reached between Chittenden County Transportation Authority management and the Teamsters Local 597 bus drivers’ union, the two sides said Saturday. Teamsters business agent Tony St. Hilaire said the negotiation using a federal mediator lasted 17 hours, and at the end, there was still no contract agreement. No further negotiations are scheduled at this time, St....

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Deal Reached to End Vancouver Port Trucker Strike

Transport Topics March 28, 2014 View the original piece Truckers at Port Metro Vancouver reached a deal to end a strike that began March 10, the Vancouver Sun reported. As part of the deal the Canadian government agreed to increase trip rates for truckers by 12% over 2006 rates for all container moves, whether the moves are full or empty. The government also agreed to regulate a minimum rate for hourly drivers, expected to be C$25.13 for...

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Teamster leadership hatching plan to impose UPS contract on various locals, TDU says

Mark B. Solomon DC Velocity March 27, 2014 View the original piece The Teamsters Union's top leaders are mulling a plan to impose a UPS Inc. small-package contract on recalcitrant union locals by stripping its members of the right to vote on supplements and riders to the UPS master contract, a Teamster dissident group said yesterday. Teamsters For A Democratic Union (TDU) said in a communiqué that General President James P. Hoffa and Executive Secretary-Treasurer...

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Maspeth workers rally to save hundreds of jobs at UPS site

Phil Corso The Forum March 25, 2014 View the original piece The United Parcel Service’s self-proclaimed “appropriate and justifiable action” of firing nearly 250 employees sparked protests outside its Maspeth facility Friday with elected officials and union leaders who thought otherwise. Disputes arose after UPS fired Jairo Reyes, a company driver for 24 years, last month. Workers with Teamsters Local 804 argued that Reyes was not given a proper termination hearing, as stated in his...

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Teamsters score a win against “sharecropping on wheels.” But will the trucking industry really change?

Lydie Depillis The Washington Post March 25, 2014 View the original piece Along with auto technicians, fast food workers, and baggage handlers, another profession has been hit by the separation of labor from employer: Port truckers, who haul containers from cargo ships on short trips around the terminal. Years of deregulation have led to more of them being classified as "independent contractors," with lower pay and fewer rights, rather than unionized employees. Yesterday, however, they...

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Port truck drivers vying to join union get state, federal boost

James Rainey Los Angeles Times March 21, 2014 View the original piece A string of actions by state officials and the National Labor Relations Board has strengthened the hand of truck drivers who say they need union representation to improve pay and working conditions for the thousands who transport cargo out of the ports of Los Angeles and Long Beach.   In a settlement this week, one major trucking company agreed to post notices acknowledging...

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Top YRC execs Welch, Pierson see pay rise in 2013

Austin Alonzo Kansas City Business Journal March 20, 2014 View the original piece YRC Worldwide Inc.’s top executives made more in 2013 than they did in 2012, according to a Securities and Exchange Commission filing. On Tuesday, the less-than-truckload carrier (Nasdaq: YRCW) sent a notice to stockholders inviting them to the annual stockholder meeting April 29 at the company’s Overland Park headquarters. The notice advised stockholders that they will be asked to vote on the...

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YRCW Financial Analysis

Stifel March 18, 2014 View the original piece Late last month, YRC Worldwide reported adjusted 2013 EPS of ($5.09), versus the Street's ($11.17) estimate and our ($6.70) estimate, and in this note, we are updating our earnings model for the refinancing and recent results. Click  here or on the image to the right to read more.  

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