January 29, 2009: US trucking company Arkansas Best Corp (ABFS.O) swung to a surprise fourth-quarter loss and said it slashed about 1,100 jobs in the period as the US recession brought "unprecedented weakness" to its business, pushing down both freight volumes and prices.
Click here to read more at Reuters.The Central States Pension Fund has issued a fact sheet regarding the Yellow companies and the pension.
An impartial union panel has ruled in favor of Teamsters in New York Local 804 who were stripped of their union membership in retaliation for their opposition to Hoffa. The decision reverses a miscarriage of justice and restores the good name of Tim Sylvester and Jim Reynolds.
