Minggu, 28 Maret 2010


A subcommittee of the Teamsters National Freight Industry Negotiating Committee (TNFINC) exchanged information with ABF representatives late this week and engaged in preliminary discussions about the company’s financial needs.Further discussions between the Teamsters and ABF will begin once an independent financial advisor has verified the company’s financial needs.More information will be


Protecting pensions and saving jobs is the top priority of the Teamsters Union, which has launched a grassroots offensive to win pension relief from Congress, General President Jim Hoffa told trustees this week.Teamster trustees from across the nation met in Scottsdale, Ariz., at the annual Trustee Education Conference to strategize about tackling the funding pressures facing all pension plans

Rabu, 24 Maret 2010

U.S. Senator Robert Casey Holds Press Conference at YRC Service Center in Advance of Introducing Multiemployer Pension Reform Legislation

YRC Worldwide Inc., one of the largest transportation service providers in the world, expresses strong support for legislation to be introduced in the U.S. Senate. The Create Jobs and Save Benefits Act of 2010 was outlined yesterday by Senator Robert P. Casey (D-PA.) at the YRC Worldwide facility in Harrisburg, Penn., which is the largest facility in the YRC Worldwide network. Legislation being

Selasa, 23 Maret 2010

Congress to consider YRC pension relief

YRC Worldwide Inc.’s push to get relief for its benefits costs picked up momentum Monday as the U.S. Senate began to consider a bill that would address problems with multi-employer pension plans.Sen. Bob Casey of Pennsylvania said he would introduce a bill intended to protect the pension payments of retirees of failed businesses while assisting companies such as YRC, whose pension liabilities

Senin, 22 Maret 2010

YRC Worldwide may get a break from pension woes through federal legislation

Unionized companies like YRC Worldwide Inc. may get some relief from having to provide pension benefits for people they never employed.U.S. Sen. Robert Casey Jr., D-Pa., said Monday that he plans to introduce legislation this week that would change some of the rules controlling multiemployer pension plans, or union-operated retirement pools to which a number of different companies contribute.YRC,

Minggu, 21 Maret 2010

ABF Selects 10 Freight-handling Professionals for the 2010-2011 Load Team

ABF Freight System, Inc., has named a select group of freight-handling professionals from across ABF’s North American network for its 2010-2011 Load Team. Those chosen along with their customer service Centers are:Gregory Allen, Dayton, OhioRobert Anderson Jr., Kansas City, Mo.Jack Boseman, AtlantaRandall Espey, DallasNickola Georgiefski, ChicagoJames High, Carlisle, Penn.Kenneth Reinhart,


ABF Teamsters dialed in to a “tele-town hall” discussion on Thursday night, March 18, 2010 to get an update on the efforts to save more than 6,000 Teamster freight jobs at ABF. Listen to the audio here.

Kamis, 18 Maret 2010

2010 Bristol: Jason Leffler NASCAR Nationwide Race Preview

Jason Leffler sporting the color of the Irish at Bristol Motor SpeedwayLeffler returns to the seat of the No. 10 ABF Camry this weekend at "Thunder Valley." During the 2010 season, Leffler will spend his time piloting Braun Racing’s No. 10 Camry (eight races) and No. 38 Camry (27 races), competing in a full schedule and making a run for the 2010 driver championship. Leffler and his crew,

Selasa, 16 Maret 2010

U.S. Recession Taking Toll on ABF

ABF Freight System, like all freight companies, is doing its best to weather the worst operating period it has ever experienced. ABF, with a reputation as one of the best and most efficient motor carriers in the LTL industry, has suffered an unprecedented drop in shipments and revenues since late 2008 coinciding with the near collapse of the entire U.S. economy.Due to prudent business decisions

YRC Worldwide reports a fourth-quarter profit on $194M debt-redemption gain

YRC Worldwide Inc. swung to a fourth-quarter profit, although the number got help from a one-time gain tied to the company’s successful debt-for-equity swap, the company said in a regulatory filing late Tuesday.The Overland Park-based trucking and logistics company in a Securities and Exchange Commission filing reported earning $119.5 million, or $1.64 a share, during the three months ending Dec.

Minggu, 14 Maret 2010

National security jitters have trucking firms focusing on vigilance

Driving to work one morning, the government official charged with keeping the trucking industry safe from terrorists spotted an Osama bin Laden look-alike on the Capital Beltway.The tall, bearded, white-robed foreigner tending to a stalled Toyota on the American Legion Memorial Bridge, the official later learned from police, was just a Sikh fixing a flat tire.But Bill Arrington, general manager

Selasa, 09 Maret 2010

Arkansas Best To Elect 3 Directors, Vote On Pay Plan

Shareholders of Arkansas Best Corp. of Fort Smith will elect three directors at the company's annual meeting April 22 and vote on a proposal to raise maximum executive pay from $1 million to $3 million annually.Directors up for re-election to one-year terms are John W. Alden, retired vice chairman of United Parcel Service of America Inc. of Atlanta; Frank Edelstein, a consultant with Kelso & Co.

YRC continues layoffs, sees shipping uptick

As cost-cutting continues, YRC Worldwide Inc. has eliminated about 2,000 jobs since the end of 2009, the head of the company said today.Bill Zollars, YRC's chairman and CEO, told analysts at a J.P. Morgan conference that YRC currently has about 34,000 employees companywide, down from about 36,000 in December.By the end of 2010, YRC plans to take out an additional $300 million in annual costs,

YRC: not many economic recovery signs

The CEO of YRC Worldwide Inc. said Tuesday he has not seen consistent signs of an economic recovery, although the trucker's business is improving.Speaking at the JPMorgan Aviation, Transportation and Defense conference, Bill Zollars said there is no expectation of an economic rebound in the short term."We're not banking on it, but if it does, that will be more wind at our back," he said.YRC,

Minggu, 07 Maret 2010


Teamsters Now Represent Nearly All Eligible UPS Freight WorkersUPS Freight workers in LaCrosse, Wis., unanimously voted to ratify their first-ever contract as Teamsters. The Teamsters now represent nearly all of the 12,600 UPS Freight drivers and dockworkers eligible to join the union.The workers, who service hard-to-reach areas outside of UPS Freight’s existing terminals, are represented by

LTL Industry Shrinks 24.4 Percent

Total U.S. LTL revenue down to $25.2 billion in 2009, study showsThe less-than-truckload industry shrank 24.4 percent in 2009, as total U.S. LTL revenue plunged from $33.3 billion to $25.2 billion, according to an industry study.The recession triggered by the 2008 global financial crisis spurred the worst decline in freight revenue in several years, the study by SJ Consulting Group revealed.The

YRC Worldwide Receives NASDAQ Notification

YRC Worldwide Inc. reported it was notified by The Nasdaq Stock Market on March 3, 2010 that it is not in compliance with Nasdaq Marketplace Rule 5450(a)(1) because shares of its common stock closed at a per share bid price of less than $1.00 for 30 consecutive business days. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the company has 180 calendar days, or until August 30, 2010, to

Kamis, 04 Maret 2010

Hoffa Applauds Move to Repeal NAFTA

Teamsters Leader Says It's Time to Bail out of a Bad DealTeamsters General President Jim Hoffa praised today's announcement that a bipartisan bill to repeal the North American Free Trade Agreement has been introduced in the House of Representatives.The bill is aimed at stimulating investment and employment in manufacturing, which has lost nearly a third of its workers since NAFTA was approved in

Selasa, 02 Maret 2010

In shake-up at YRC Worldwide, Kansas City’s gain could be Springfield’s loss

YRC Worldwide Inc.’s proposal to change the operations of its national trucking company would add a few local jobs but result in bigger losses at the Springfield, Mo., terminal.Overland Park-based YRC Worldwide presented its change-of-operations memo to the Teamsters union late last month, saying a continuing weak economy is forcing the company to eliminate some duplicate operations.YRC Inc., the

YRC makes further job cuts

U.S. trucker YRC Worldwide has slashed its workforce further, cutting into its already-thinned ranks as it tries to appease lenders and debt-holders as part of a broad financial restructuring.The trucking company refused comment. Sources within the company said the No. 1 less-than-truckload carrier laid off at least 200 people in February from its Overland Park headquarters location and a campus