July 6, 2009: The IBT and YRC will continue talks on Wednesday, July 8, when they consider a proposal to temporarily terminate YRC participation in Teamster pension plans for about 14 months. The goal is to help restore YRC to profitability. Temporary termination is slightly different from the pension deferral plan initially offered by the union; in this proposal, there would be no obligation on the part of YRC to repay the missing contributions. Teamsters...

June 22, 2009: YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash. Representatives from freight locals of the International Brotherhood of Teamsters Union, which represents most YRC (Nasdaq: YRCW) workers, met last week in Chicago to talk about the company’s operating and financial condition, the Teamsters said in an update. Based on internal and independent financial analyses of the company, the representatives unanimously agreed to let a...

June 18, 2009. The International Union is proposing that the national contract with YRC be amended to defer pension contributions for some 14 months, which would allow nearly $500 million in savings to the carrier. The outline of the plan was unveiled today by the Hoffa administration at a meeting of freight local union officers in Chicago. The plan calls for YRC to obtain additional funding in bank credit, to provide additional fresh operating cash...