Members of Teamsters Local 399 have approved a new contract, avoiding a strike that would have shut down commercial production in Los Angeles.
Location scouts, animal wranglers and drivers on Saturday ratified a revised contract negotiated Tuesday between the union and the Assn. of Independent Commercial Producers.
Click here to read more at the Los Angeles Times.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
