November 24, 2009: YRC has sold a specialized unit within YRC Logistics to Greatwide Logistics Services for $34 million, in a move to raise cash and downsize YRC's footprint. The contract carriage unit primarily serves five large customers, and accounts for about 15% of YRC Logistics' revenue. YRC will retain the great majority of the YRC Logistics operation.
Read more about the sale here.
The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.
Amazon drivers at the company’s DBK1 facility in New York City marched on the boss to demand union recognition and better pay, healthcare, and job security.
