July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday.
The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders.
Click here to read more at The Journal of Commerce.
UPS Teamsters won new contract language protecting our right to work safely when temperatures rise. Register now for an online workshop on Sunday, June 1 to learn about heat safety rights under Article 18 of the contract and how to enforce them.
Rail Teamsters who work as Transit Locomotive Engineers at New Jersey Transit are preparing to strike if the carrier fails to deliver a fair contract by May 16. The engineers voted down a tentative agreement last month, with 87 percent voting no.
