YRC to Meet all Locals to Push Contract Extension

October 29, 2013: On November 5, YRC execs will meet with the IBT Freight Division and all freight local unions to press for a contract extension, reportedly until 2019. Hoffa and the Freight Division have agreed to allow YRC to address local union officials in Dallas.

The meeting will come two days before YRC is expected to announce its third quarter results. The company is aiming to refinance its debt, and wants a long-term Teamster agreement in place to get bank financing.

Hoffa's appointee to YRC's Board of Directors, Harry Wilson, has been the point man in pushing for getting a contract extension in place.  

Click here to read more.

A Yahoo Finance report is available here.

IBT Freight Division letter to locals is available here.

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