YRC Update: China Dealings, Welch Salary, and “Roots”
July 26, 2011: Here are two articles regarding the direction YRC may be headed, and its new CEO. Welch’s Salary and YRC’s Reverse Stock Split Will YRC Dump China Operations?
Labor Notes: FedEx Package Handlers to Vote on Teamsters
July 21, 2011: If 55 package handlers at the FedEx Ground warehouse in Brockton, Massachusetts, win the union election scheduled for August 3, it will be the first time ever for package handlers at the giant non-union shipper. They’re facing a fierce anti-union campaign. A top issue is poverty wages; all the workers are part-time, starting at $10.50 an hour with a maximum wage of $14.50 after four years. “Since there’s no seniority,” said one...
UTU Breaks Solidarity; Teamster Rail Workers Urge “No” Vote
July 14, 2011: An Appeal To Reason - United Transportation Union (UTU) recently released to the public their tentative national agreement with the Class 1 Freight Railroads resolving wages, health care and rules covering the six year period from 2010-2016. The last five years have seen the Freight Railroads post record profits. The new proposal is substantially worse than the one negotiated under President Bush’s National Mediation Board in 2007. When that agreement was concluded,...
IBT on ABF Lawsuit
July 13, 2011: On July 6, 2011, the U.S. Court of Appeals for the 8th Circuit in St. Louis, MO issued its decision on the appeal filed by ABF in its lawsuit against the union and the YRCW companies, regarding the financial relief that was given to the YRCW companies to help them survive the worst economic recession since the Great Depression. As you may recall, the U.S. District Court in Little Rock, AR in...
YRC Worldwide Closes In on Restructuring
July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday. The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders. Click here to read more at The Journal of Commerce.
What the ABF-YRC Court Decision Means
July 11, 2011: A series of union concessions between YRC Worldwide Inc. and the International Brotherhood of Teamsters is in jeopardy again after a federal appeals court restored a legal challenge by rival trucker ABF Freight Systems Inc. In a ruling released July 6, the 8th U.S. Circuit Court of Appeals in St. Louis overturned a lower court's decision that ABF lacked standing to challenge the agreement. Click here to read more.
Transport Topics: U.S., Mexico Sign Cross-Border Trucking Agreement
July 7, 2011: The United States and Mexico Wednesday signed a cross-border trucking agreement under which the U.S. will open its roads to Mexican trucks, while Mexico will suspend about $2 billion in tariffs on U.S. goods. Under the agreement, signed by U.S. Trade Representative Ron Kirk and his Mexican counterpart in Mexico City, Mexico will suspend 50% of its tariffs within ten days, according to a statement by the U.S. Department of Transportation. Click...
Court overturns decision denying ABF’s challenge to YRC concessions
July 7, 2011: A series of union concessions between YRC Worldwide Inc. and the International Brotherhood of Teamsters is in jeopardy again after a federal appeals court restored a legal challenge by rival trucker ABF Freight System Inc. In a ruling released Wednesday, the 8th U.S. Circuit Court of Appeals in St. Louis overturned a lower court’s decision that ABF lacked standing to challenge the agreements. Click here to read more at the Kansas City...
New York Times: In the Teamsters, a Candidate Tries to Break the Mold
June 27, 2011: The Tuesday issue of the New York Times features Sandy Pope's campaign on the front page of the Business Section. "The anger among the membership is at an all-time high," Sandy Pope told the newspaper. "The members are much more willing to look for change than five years ago." Click here to read the article at The New York Times website. Teamster Convention Updates Hoffa Says Lets Run a Clean Election. We...
BNA Daily Labor Report: Proposed Hours Of Service Regulations Called Unneeded, Costly At House Hearing
June 15, 2011: Proposed hours of service (HOS) regulations currently being promulgated by the Federal Motor Carrier Safety Administration (FMCSA) to improve driver safety are unnecessary and could prove costly to small trucking businesses, lawmakers and witnesses told a House panel June 14. During a hearing of the House Small Business Committee's Subcommittee on Investigations, Oversight, and Regulations, witnesses unanimously opposed the proposed rule that among other things, limits the time drivers spend behind the...