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UPS Freight and ABF announced separately that they will revise their general rates and charges. A general rate increase of 5.9% was announced for non-contractual shipments in the United States, Canada and Mexico. ABF stated that the effect on specific lanes and shipments will vary.
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ABF Freight System and the Teamsters Union have reached another extension on the current labor agreement while they wait on rank and file members to vote on a new labor agreement between the two sides.
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Leaders from about 160 Teamster locals that represent ABF members have unanimously endorsed a tentative master agreement and supplements covering 7,500 workers at the carrier ABF.
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Teamsters Union President James Hoffa Friday had some harsh words for LTL giant YRC Worldwide following news that it tried to purchase competitor Arkansas Best, which owns ABF, calling the move "unconscionable."
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Representatives of the International Brotherhood of Teamsters and the trucking company ABF have reached a tentative contract agreement.
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The Teamsters Union and the less-than-truckload carrier ABF failed to reach an agreement by the time the most recent labor pact expired at the end of March, but they intend to keep talking, having agreed to a 30-day extension.
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