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 money will be paid equally to all road drivers who pulled 15 or more trips in 2017; it could possibly be a gross payment in the range of $300 per driver, to be paid "on a reasonable timeline...in the first quarter of 2018."
The agreement between the IBT and YRC does not reveal how much the company was in violation of the contract, or how much income was lost by Teamsters during 2017 because of the violation.
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