October 5, 2007: Mayor Daley’s plan to bolster his Olympic dream by guaranteeing labor peace through 2016 is back on track, thanks to a “no-privatization” guarantee.
By a vote of 997 to 134, Teamsters Local 726 voted Thursday night to accept the unprecedented, 10-year deal that locks in prevailing wages for 8,000 members of the building trades.
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 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.
