Teamsters

Over 9,000 Canadian rail workers may strike on May 22, threatening major disruptions across national supply chains.

The International Brotherhood of Teamsters has won what the union calls “a major victory” in a breach of contract lawsuit against Yellow Corp. Unfortunately for about 24,000 Teamsters who lost their jobs when Yellow ceased operations last August, the victory arrives about nine months too late.

Following the formal ratification of the new five-year contract between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters late last month, a high-level UPS executive provided an overview of the deal, from the company’s perspective, on an analyst call yesterday.

United Parcel Service (UPS), celebrating a new tentative five-year labor contract covering 340,000 members at the Teamsters union, says it expects the new deal will be ratified by rank-and-file workers within two weeks.

Yellow Corp. made it official Monday. It didn’t need a Teamsters’ strike to enter bankruptcy. In its 100th year, Yellow did it completely on its own.

Yellow Corp. didn’t need a Teamsters strike to enter bankruptcy - in its 100th year, Yellow did it completely on its own.

On July 25, UPS, made a tentative agreement with the International Brotherhood of Teamsters. Yesterday, the Teamsters reported that 161 out of 162 Teamsters local unions voted to endorse the tentative agreement and urge its full acceptance by all 340,000 full- and part-time UPS Teamsters members.

Following a tentative agreement made between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters on July 25, the Teamsters said yesterday that Teamsters local unions voted by a nearly unanimous 161-1 vote in favor of endorsing the tentative agreement and recommend its passage by full membership, for the 340,000 full- and part-time UPS Teamsters members.

Yellow, which had $5.24 million revenue in the $58 billion less-than-truckload (LTL) market, told the union it was formally declaring bankruptcy.

While it has yet to be confirmed by the company itself, the future of Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, with about 8% of the national market, looks bleak, according to various reports. A Wall Street Journal article published this week indicated that Yellow “is preparing to file for bankruptcy,” citing “people familiar with the matter,” adding that it increases the possibility of Yellow shutting down, “as customers abandon it amid a cash crunch and union negotiations.”

With only a few days remaining until the July 31 deadline, the contentious and on-again, off-again labor negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters reached an amicable outcome, in the form of a new five-year tentative agreement.

Nashville-based Yellow Corporation, has filed a lawsuit for more than $137 million against the International Brotherhood of Teamsters (IBT), due to what Yellow called a breach of the Teamsters' biding contract with Yellow.

As freight transportation, logistics, and supply chain stakeholders (likely) breathed a collective sigh of relief yesterday, following the new five-year tentative agreement reached yesterday between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters, there has been no shortage of opinions and views on how this agreement, assuming it is ratified by UPS Teamsters members next month, will impact shippers, especially as it relates to pricing.

With only a few days remaining until the July 31 deadline, the contentious and on-again, off-again labor negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters reached an amicable outcome today, in the form of a new five-year tentative agreement.

A potentially company-ending strike at Yellow Corp. was averted when the union says its Central States Health and Welfare Fund agreed Sunday to extend health care benefits for workers at Yellow subsidiaries YRC Freight and Holland.