October 4, 2010: Financially ailing trucking giant YRC Worldwide, which has lost more money than any trucking company in U.S. history, is getting a change at the top. Chairman and CEO William D. "Bill" Zollars says he is leaving the company after 13 tumultuous years at the helm. His contract was due to expire at the end of this year. The company says it would seek a successor from both internal and external candidates.
Click here to read more at Gerson Lehrman Group.
Today, UPS released its first quarter earnings report. The company made $1.7 billion in profit for the first quarter. Profitability beat expectations.
US Parcel volume declined 3.2% compared to the first quarter of 2023, from around 18.6 million average daily packages in 2023 to 18.1 million in the first quarter of 2024. But, the steepest decline was confined to January, with volume recovering in February and March.
Last year, Local 771 members elected new local leaders on a program of building union power by involving members. Now nearly 500 grocery Teamsters at Albertsons have won a new contract that includes record wage increases and benefit improvements.
