November 14, 2008: In its new contract with UPS, Chicago Local 705 won an additional optional day. Teamsters with more than 30 years also won an additional vacation week.
After giving some drivers the extra optional day, management tried to claim it had made an error and that drivers wouldn’t get the additional day until 2009.
Local 705 stood firm and the company backed down. Thousands of UPS Teamsters in Chicago are now enjoying extra time off this year.
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.
