ABF Says Teamsters Suggested Buyout of YRC

ABF Says Teamsters Suggested Buyout of YRC

The Teamsters union at one point pressured ABF Freight System to buy ailing rival YRC Worldwide, ABF Freight System revealed on a company Web site.

Teamster negotiators put a potential acquisition on the table in talks with ABF earlier this year, the less-than-truckload carrier said on abflegalaction.com

According to the ABF Web site, the Teamsters indicated that "in exchange for committing to an acquisition of YRC, that TNFINC would agree to contract changes which would make such a transaction economically viable."

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The Teamsters National Freight Industry Negotiating Committee is the bargaining group representing Teamster union members in the LTL trucking industry.

"When we communicated our reluctance to pursue such a transaction, TNFINC representatives advised that IBT would be unwilling to work with us, going forward, after YRC's deal was ratified by its employees," ABF said.

Teamster representatives were not immediately available for comment.

ABF is suing three YRC Worldwide subsidiaries and the Teamsters union for allegedly violating the 2008 National Master Freight Agreement.

The nation's fifth largest LTL carrier says its larger rival YRC and the Teamsters violated the NMFA by negotiating "side agreements" without ABF.

A federal court will hear arguments for dismissing the ABF suit Dec. 16.

ABF laid out its arguments in the lawsuit in the Frequently Asked Questions section of abflegalaction.com, a Web site dedicated to the legal challenge.

The company also portrayed its attempt to win concessions from its Teamsters earlier this year as part of an attempt to settle legal claims and avoid a lawsuit.

-- Contact William B. Cassidy at wcassidy@joc.com.