August 1, 2008: Less than two months after members ratified a concessionary contract that IBT officials touted as saving jobs, DHL has implemented layoffs, which could be permanent cuts.
Those with sufficient seniority are being offered the option to bid on part time positions, which the new contract allows.
It seems clear DHL got what they wanted from those negotiations.
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.
