The IBT Freight Division has agreed with YRC to accept $1 million to settle all 2017 claims for excess subcontracting out road work using purchased transportation and railing over the contract limit of 26% of road miles.

The IBT Freight Division has agreed with YRC to accept $1 million to settle all 2017 claims for excess subcontracting out road work using purchased transportation and railing over the contract limit of 26% of road miles.
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 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.