YRC Worldwide Inc. (YRCW), the U.S. trucker that averted bankruptcy in 2011, is seeking $1.15 billion in loans to refinance debt, according to a person with knowledge of the transaction.
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An impartial union panel has ruled in favor of Teamsters in New York Local 804 who were stripped of their union membership in retaliation for their opposition to Hoffa. The decision reverses a miscarriage of justice and restores the good name of Tim Sylvester and Jim Reynolds.
The carhaul national master agreement expires on May 31, with no word yet from the International Union on plans, union demands, or even proposal meetings for membership input.
