Teamsters bless YRC's exit from short-haul business

March 21, 2012: The Teamsters union has agreed to allow YRC Worldwide Inc. to proceed with a realignment of its less-than-truckload operations that will allow the carrier to effectively exit the shorter-haul delivery business.

In a memo dated March 16, Gordon Sweeton, a Teamsters international vice president overseeing the union's response to YRC's proposed change of operations, said the Overland Park, Kan.-based carrier could implement the change as soon as April 8. A YRC spokeswoman said the company would implement the change on that date.

Click here to read more at DC Velocity.

Get Advice Join TDU Donate

Recent News

Yellow Trims Losses: Best Quarter in Six Years

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 Profits Up

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.

View More News Posts