Teamsters

21  -  40  of  83

February 14, 2014

YRC Worldwide Completes Debt Refinancing

The parent to several trucking companies YRC Worldwide has announced it has closed on the financing of a new $700 million term loan and a $450 million asset-based loan.

February 3, 2014

YRC Worldwide Successfully Closes $300 Million Debt Reduction

Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.

January 31, 2014

YRC Worldwide Successfully Amends Credit Agreement

YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.

January 26, 2014

YRC Teamster Members Say Yes to Contract Extension

YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.

January 22, 2014

YRC Teamsters Revote Set for This Weekend

Leaders from Teamster local unions representing workers at trucking giant YRC Worldwide, have overwhelmingly recommended approval of a revised tentative labor contract members will vote on this coming Saturday and Sunday.

January 17, 2014

Teamsters and YRC Reach New Tentative Agreement Following Failed Vote

The Teamsters Union and YRC Worldwide announced Friday they reached a tentative agreement on a new labor contract, providing a pathway for substantial debt reduction and refinancing initiatives for the parent of several trucking operations.

January 16, 2014

YRC and Teamsters Back in Talks Following Failed Contract Vote

It’s back to the negotiation table for the financially troubled parent of several trucking companies, YRC Worldwide, following Teamsters Union employees voting down a contract extension.

January 15, 2014

Independent Contractor Bill Signed into Law in New York

New York Gov. Andrew Cuomo has signed into law the New York State Commercial Goods Transportation Industry Fair Play Act, drastically changing how the state classifies independent contractors

January 13, 2014

UPS Freight Teamsters Approve New Contract

Teamsters union members at the trucking operation, UPS Freight, have voted overwhelmingly to ratify a new national five-year master agreement that increases wages, significantly strengthens pension benefits and takes on the issue of subcontracting.

January 9, 2014

Teamsters Vote Down YRC Contract Extension

Teamsters Union truck drivers and other workers at the parent of less-than-truckload carriers, YRC Worldwide, have rejected the company’s proposal that would have extended and modified the existing labor contract until 2019, putting the company in jeopardy of having to file for bankruptcy.

January 7, 2014

YRC Worldwide Looking to Borrow More Than $1 Billion to Stay Afloat

The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.

January 7, 2014

Teamsters Leaders Endorse New UPS Freight Contract

Teamster local union leaders representing UPS Freight workers across the country have endorsed a new tentative national agreement.

December 31, 2013

Telling Trucking’s Stories

A new image campaign was announced at ATA’s annual Management Conference and Exhibition. Are you yawning? Another one, you say? What’s so special about this one? Read on.

December 23, 2013

YRC Worldwide Reaches Agreement to Reduce Debt by $300 Million

Christmas came a couple of days early for the parent of several less-than-truckload carriers, saying it has reached an agreement with certain holders of notes that will allow it to reduce debt by approximately $300 million.

December 23, 2013

Supreme Court Schedules January Vote on Mexico Petition

The Supreme Court will decide January 10 whether or not to hear a petition to overturn the Obama administration’s pilot program for long-distance trucking across the U.S.-Mexico border.

December 20, 2013

UPS Freight and UPS Parcel Teamsters to Vote Next Month

After rejecting an earlier contract, Teamsters Union members at less-than-truckload carrier UPS Freight are set to vote next month on a new labor agreement.

December 18, 2013

Teamsters Express Concern About Sysco's Purchase of US Foods

The Teamsters Union is saying Sysco's acquisition of US Foods announced last week raises serious concerns for workers, stakeholders and customers as the combined company becomes the country's largest institutional/restaurant food service provider and one of the nation’s largest private truck fleets.

December 11, 2013

UPS Teamsters Inch Closer to Approving Contract

Teamster Union members at UPS parcel delivery business are moving closer bit-by-bit when it comes to approving a new contract.

December 9, 2013

Teamsters to Vote Soon on YRC Contract Extension

The parent to several trucking companies, YRC Worldwide, has announced that local union leaders of the Teamsters Union have approved sending the company's proposed changes to the current Memorandum of Understanding to its 26,000 YRCW members for a vote.

December 5, 2013

ABF Closing 30 Terminals

Less-than-truckload carrier ABF Freight System is cutting its number of terminals from 277 to 247. In a “change of operations” filing with the Securities and Exchange Commission, ABF parent company Arkansas Best said it had already eliminated eight facilities in the second half of this year, with the rest still yet to close.

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