January 9, 2009: The Yellow Roadway concession package has passed and the 10% wage cut will now go into effect for the great majority of Yellow Roadway Teamsters.
TDU is providing a detailed local union count record for the national contract and the various white paper contracts. Click here for the results, compiled by observers at the count.
For freight Teamsters, the question is: where do we go from here. Click here if you are concerned about the future.
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.
