Teamsters

Leaders from Teamster local unions that represent workers at YRC Worldwide Inc. (YRCW) overwhelmingly recommended to approve a tentative agreement and to send it out to the membership for a vote. The tentative agreement with YRCW, if ratified, will provide a pathway for substantial debt reduction and refinancing initiatives that will permit the company to protect and preserve more than 30,000 good American jobs.

So what's next for YRC? Whatever road YRC chooses, it’s clear that shippers and its own 26,000 Teamsters employees hold the key to long-term survival of the venerable 90-year-old company whose roots date to the golden age of trucking.

For YRC Worldwide, it’s onto Plan B in the wake of the stunning rejection of a five-year deal to continue 15 percent wage and benefit cuts by its 26,000 Teamsters workers.

YRC said yesterday it is in discussions with the Teamsters to gauge “the next steps to move the company forward” on the heels of last week’s vote, which saw 61 percent of YRC’s 26,000 Teamsters members reject a five-year deal to continue 15 percent wage and benefit cuts.

After YRC's Teamsters shoot down management's proposal for further wage and benefits cuts, stakeholders wonder if and when customer defections could begin.

UPS Freight, the nation’s fourth-largest LTL carrier, has secured five years of labor pace with ratification of a new five-year labor agreement by its 13,000 Teamsters.

UPS Freight, the nation’s fourth-largest LTL carrier, is close to securing a new five-year labor agreement with its 13,000 Teamsters in a deal that the union says will make those workers the highest-paid in the LTL sector.

Financially struggling YRC Worldwide Inc., parent of the second-largest LTL carrier in the nation that has lost more than $2.6 billion in the last six years, has initiated discussions with the International Brotherhood of Teamsters in seeking another round of wage and benefit concessions.

ABF Freight System, the nation’s sixth-largest LTL carrier, has finalized a five-year deal with the Teamsters union that is projected to save the nation’s sixth-largest LTL carrier between $55 and $65 million annually.

ABF Freight System said yesterday that it has reached another contract extension with the International Brotherhood of Teamsters through October 29, while the groups work through the process for resolving the two remaining supplements to the ABF National Master Freight Agreement.

ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, said this week that it has reached an agreement with the International Brotherhood of Teamsters for a contract extension through August 31 that it said will “allow for the conclusion of the voting process for the remaining six supplemental agreements to the ABF National Master Freight Agreement.

While Teamsters at UPS Freight, the less-than-truckload subsidiary of UPS, recently rejected a proposed labor contract, UPS said today that its employees represented by the Teamsters have voted to approve a new National Master contract, which covers roughly 235,000 full- and part-time employees in the United States.

Following news of a tentative agreement between the International Brotherhood of Teamsters and transportation and parcel bellwether UPS roughly two months ago, it now appears that the deal is off.

While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.

A little more than a month after ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, and the International Brotherhood of Teamsters said they secured a 30-day extension for the National Master Freight Agreement, ABF said on Friday that the ABF and Teamsters negotiating teams have reached a tentative agreement on a contract for the next five years.