William R. Davidson, a veteran Teamsters labor relations official with decades of hands-on less-than-truckload experience, will join the YRC Worldwide board of directors.
YRC Worldwide Companies YRC Freight, Holland, Reddaway and New Penn Receive U.S. EPA SmartWay Excellence Award
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.
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.
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.
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.
14 Jan 2014
YRC Worldwide CEO James Welch urged employees “to stay focused on providing the best possible customer service” as the company works “diligently to explore all options available” after YRC Teamsters rejected the company’s contract proposal.
13 Jan 2014
UPS Freight Teamsters approved a new five-year contract last weekend that raises wages but gives the LTL carrier some flexibility to subcontract line-haul work.
12 Jan 2014
If it hopes to survive as a company, YRC Worldwide needs to act quickly after Teamsters employees rejected extended wage and benefit concessions the trucking operator’s lenders made a prerequisite for refinancing $1.36 billion in debt.
10 Jan 2014
YRC Teamsters decisively rejected proposed concessions, casting the company's ability to refinance $1.4 billion in debt before it comes due into doubt.
07 Jan 2014
YRC Worldwide and creditors led by Credit Suisse reached an agreement to refinance $1.15 billion in long-term debt due in 2014 and 2015, if the trucking giant's Teamsters employees agree to extend wage and benefit cuts.