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The parent to several trucking companies, YRC Worldwide, lost money in the second quarter of the year, but not as much when compared to the same time a year ago.
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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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Just before reporting positive first quarter numbers, the parent of several less-than-truckload carriers, YRC Worldwide, reportedly made a bid for competitor ABF – without success.
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YRC Worldwide has done something it hasn’t in quite a while: posted positive first quarter financial numbers.
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The Teamsters union has approved the network optimization plan YRC Freight submitted in March. The plan will close 29 terminals, forcing the company to change how freight moves through its network of more than 260 other terminals.
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YRC Worldwide announced Wednesday that it has reached a tentative agreement with the leadership of the International Association of Machinists on a new contract for about 200 of its mechanics, likely putting to rest fears that it could lead to further labor problems.
Read More →The parent company to YRC Freight and others, YRC Worldwide, announced it was ending a contract extension with the International Association of Machinists as of Monday. In a release, the company said it will continue to talk with the IAM, though it points out the lack of significant progress in the negotiations led to the lock-out.
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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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Representatives of the Teamsters Union are set to meet on April 19 with officials from YRC Freight to discuss changes to the less-than-truckload carrier’s terminal network.
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