Reuters: Trucker YRC says critical debt exchange succeeds
December 31, 2009: U.S. trucking giant YRC Worldwide (YRCW.O) said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. The company said holders of 88 percent of the company's outstanding notes had agreed to the swap, including 70 percent of YRC's 8-1/2 percent notes. It was that group of noteholders who had been...
804 Members Unite for Change
December 30, 2009: Three years ago, Local 804 members launched a grassroots movement to fight benefit cuts and contract concessions. In December, their hard work paid off when the 804 Members United Slate swept their local union election with 68 percent of the vote. On Jan. 1, the leadership will take office in one of the most powerful locals in our union. Local 804 represents 7,000 Teamsters in metro New York—most of them at UPS....
Teamsters Plan Protest, Call on YRC Bond Exchange Holdouts to Convert
December 29, 2009: The Teamsters Union is calling on the small number of bondholders that are standing in the way of YRC Worldwide Inc.'s financial restructuring to take part in debt-to-equity exchange. The union believes that hedge funds Brigade Capital Management and JMB Capital Partners, and banks including UBS, Barclays and TD Bank, hold positions and have not tendered. The union will protest Wednesday at the headquarters of Brigade Capital Management in New York to...
Reuters: YRC again extends equity offer, cites progress
December 29, 2009: Troubled U.S. trucker YRC Worldwide said it was again extending a crucial debt-for-equity offer that it needs to stay afloat and was working to convince bondholders to participate. The company said early Tuesday 81 percent of the company's outstanding notes totaling $536.8 million had been tendered for an exchange for equity, up from about 80 percent a week ago, but still shy of a needed threshold. Click here to read the complete...
Puerto Rico Teamsters Unite for Change
December 28, 2009: Members are uniting for change in Puerto Rico under the banner Teamsters Making the Difference. “We are proud to be Teamsters—but we are not proud of Local 901 leaders who have put their own interests ahead of the members,” said Humberto Miranda, a Local 901 Teamster and a member of Teamsters for a Democratic Union. “We’re organizing to restore democracy, integrity and power to our union,” Miranda said. That battle is far...
National Grievance Panels Set for UPS and UPS Freight
December 28, 2009: The International Union has set the dates for the national grievance panels for UPS and UPS Freight in 2010. The panels will meet three times the coming year. The first UPS national panel will be in Ft. Lauderdale, March 1-3, at the Westin Beach Resort. The other panels are scheduled for June 7-9 and Oct. 11-13, locations to be announced. The first UPS Freight Panels are scheduled to immediately follow the UPS...
North Carolina Teamsters Speak Out for Freedom of Speech
December 26, 2009: For two years, UPS management has tried to stop Teamsters in Lumberton, North Carolina from distributing Convoy. This summer, the rank-and-file members of Local 391 won a victory that strengthens the rights of all members to read and distribute TDU literature at work. The story started back in May 2007, when UPS management issued shop steward Nichele Fulmore a warning letter for passing out Convoy at the drivers’ counter before the drivers...
National Grievance Panels Set for UPS and UPS Freight
December 23, 2009: The International Union has set the dates for the national grievance panels for UPS and UPS Freight in 2010. The panels will meet three times the coming year. The first UPS national panel will be in Ft. Lauderdale, March 1-3, at the Westin Beach Resort. The other panels are scheduled for June 7-9 and Oct. 11-13, locations to be announced. The first UPS Freight Panels are scheduled to immediately follow the UPS...
Happy Holidays from TDU
Teamsters for a Democratic Union wishes Teamster members and their families happy holidays. Let’s resolve to work together in mutual respect to move our union in a positive direction in 2010.
UPS Package Delivery Methods
Click on the links below to download the official UPS package delivery methods. The methods are in four parts Do you have a question or a problem? Click here to send a message to TDU's UPS network. UPS Package Delivery MethodsPart 1: Table of Contents to Section 5Part 2: Section 6 to Section 11Part 3: Section 12 to Section 15Part 4: Section 16 to the end