Teamsters

The on-again, off-again tone of the ongoing, and fairly contentious, labor negotiation talks between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters (IBT) took a positive step. That step was UPS saying that it will return to the negotiating table next week.

With the possibility of Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, with about 8% of the national market, going on strike ostensibly gaining traction, the company yesterday addressed comments made by the Teamsters yesterday about the company’s employee pensions through the Central States Pension Fund.

The prospects of a strike for Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, with about 8% of the national market continue to gain traction, according to the International Brotherhood of Teamsters (IBT).

Taking steps to ensure business operations remain intact, should its Teamsters members go on strike, when the current labor agreement expires, at the end of July, Atlanta-based global freight transportation and logistics services provider said late last week that it making preparations, in the event of a strike.

Yellow Corp., after decades of losses in excess of $1 billion and debt of $1.3 billion, received a little late financial breathing room as the venerable 99-year-old trucking company tries to survive.

The stalemate, of sorts, in the labor negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters (IBT) on a new contract continues to remain intact, with time ticking away until the current contract expires on July 31.

After coming to terms on a new tentative agreement in early June, ABF Freight System, the nation’s seventh-largest less-than-truckload (LTL) carrier with $2.95 billion in revenue last year, said late last week that its new five-year ABF National Master Freight contract with the International Brotherhood of Teamsters was “overwhelmingly ratified” by its ABF Teamster-represented employees.

There are signs of compromise between United Parcel Service (UPS) and the Teamsters union to avoid the first labor stoppage at the small parcel giant in nearly three decades.

The ongoing contentious negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters (IBT) hit another snag this week, with the Teamsters making it clear that UPS Teamsters employees prepared to go off the clock on July 31 if a new contract is not in place, coupled with the Teamsters saying today they want UPS to exchange “its last, best, and final offer no later than June 30.”

With yesterday’s news that Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, 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, it leaves a lot of questions unanswered about what happens next for Yellow, whom moves roughly 8%-to-10% of the total national LTL market, and, by extension, the market itself.

Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, with about 8% of the national market, said today it has filed a lawsuit, for more than $137 million, against the International Brotherhood of Teamsters (IBT).

Late last week, the International Brotherhood of Teamsters (IBT) said that 97% of its members that work for Atlanta-based global freight transportation and logistics services provider UPS have signed off on authorizing a strike, which IBT said gives the union “maximum leverage to win demands at the bargaining table.”

The Teamsters said that it had come to terms with UPS on installing air conditioning in UPS delivery trucks driven by UPS Teamsters members.

The International Brotherhood of Teamsters (IBT) and Yellow Corp., which controls about 8% of the national less-than-truckload (LTL) market, are moving fast toward negotiating a settlement over a major change of operations that Yellow says is vital to revitalizing the 94-year-old trucking company.

The end game regarding the unsettled labor situation between Atlanta-based global freight transportation and logistics services provider UPS and the Teamsters may be getting closer to an end result this week, with local unions representing UPS Teamsters conducting in-person voting for strike authorization.