International Brotherhood of Teamsters

International Brotherhood of Teamsters

04 Dec 2014
The Teamsters union drive to organize FedEx Freight, the largest U.S. less-than-truckload carrier is hitting a few roadblocks. The union withdrew an election petition at the less-than-truckload carrier’s Nashville, Tennessee, terminal this week.
31 Jan 2014
YRC Worldwide will get an additional two weeks to pay or refinance $69.4 million in long-term debt as it closes a $300 million debt-for-equity swap.
30 Jan 2014
Less-than-truckload carrier UPS Freight increased revenue 5.3 percent in 2013 and 2.3 percent in the fourth quarter, thanks to volume and price gains.
30 Jan 2014
YRC Worldwide is racing to clear the last hurdles to securing $1.15 billion in refinancing before a February debt deadline.
29 Jan 2014
Fed up with chronic delays at container terminals, some truck drivers at the Port of New York and New Jersey are beginning to talk openly about parking their rigs and refusing assignments to the piers.
28 Jan 2014
With its new Teamsters contract in hand, YRC Worldwide launched a $300 million debt-for-equity exchange today, the next step in a major debt reduction and refinancing program.
YRC hybrid truck
27 Jan 2014
When YRC Worldwide’s Teamsters employees approved a five-year contract Jan. 26, they gave the struggling company more than just concessions needed to refinance $1.36 billion in debt and avoid bankruptcy. They gave the $4.9 billion trucking operator the chance to break free of a cycle of short-term crises and “reset” its business.
Three YRC Freight trucks
27 Jan 2014
YRC Worldwide’s Teamsters employees approved a five-year contract by a wide margin this weekend, giving the struggling trucking operator concessions needed to refinance $1.36 billion in debt.
YRC Worldwide truck
24 Jan 2014
This weekend, about 26,000 YRC Teamsters will visit union halls across the country to vote on the second proposed contract aimed at extending wage and pension benefit concessions. Their vote will determine whether YRC Worldwide has a shot at refinancing $1.36 billion in long-term debt.
17 Jan 2014
The Teamsters union and YRC Worldwide reached a tentative contract agreement Friday that must be reviewed by local union leaders before being put to a vote.
17 Jan 2014
The International Brotherhood of Teamsters wants YRC Worldwide to offer “meaningful improvements” in any contract proposal that replaces the one defeated by rank-and-file members last week.
YRC Freight truck
16 Jan 2014
YRC Worldwide said it will revise its failed contract proposal, rather than put the proposal to a second vote. The company is in discussions with Teamsters union leaders.