November 3, 2009: YRC Worldwide Inc. shocked its shareholders Monday by asking them to surrender 95 percent ownership of the embattled trucking company to its lenders as the “final step” in a recovery plan.
Investors drove down the Overland Park-based company’s share price by 64 percent, more than on any day since at least 1980, according to Bloomberg News. The stock fell $2.33 and closed at $1.32 a share.
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The Teamsters Independent Investigations Officer, Judge Timothy Hillman, has recommended that charges be filed against Albany Local 294 President Thomas Quackenbush for illegally converting union funds into thousands of dollars in gifts for its retiring principal officer.
Our contract campaign at UPS forced the company to install 18,000 new fans inside of buildings. Many of those fans are filthy and just spew dust and dirt around. We can make UPS address the problem by taking union action. Here’s how.
