On February 1, Teamsters Union freight representatives agreed to approve Roadway’s major change of operations, which will close some breakbulks and relay points and move approximately one thousand road, dock, yard and office jobs. In return, certain job protections were written into the change agreement.
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.
