December 16, 2011: YRC Worldwide said late Thursday it has sold “a significant portion” of the assets of its truckload unit YRC Glen Moore to truckload carrier Celadon Group.
YRC Glen Moore unit lost $10.3 million through the first three quarters of 2011, with a 113.4 operating ratio. Sales totaled $76.7 million.
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As Yellow Corporation moves to liquidate its assets, the IBT is fighting for former Yellow Teamsters in court to recover vacation pay, grievance settlements, and other monetary claims. Teamster benefit funds are also demanding full payment.
The United Auto Workers is on Stand Up Strike against the Big Three automakers to reverse decades of concessions and givebacks. We stand in solidarity with our brothers and sisters in the UAW!
