Teamster Election Update

Fred Zuckerman has won the majority of the vote cast by Teamsters in the U.S. The votes from Teamsters Canada are now being counted and they will determine the election. Follow the local-by-local returns from Teamsters Canada as the race comes down to the wire. 

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Yellow Trims Losses: Best Quarter in Six Years

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 Profits Up

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.

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