Kamis, 30 September 2010

ABF Becomes Only Six-Time Winner of the ATA President's Trophy for Safety

ABF Freight System, Inc. has become the only six-time winner of the transportation industry's most prestigious safety award, the American Trucking Associations President's Trophy. The award was presented during the ATA Safety Management Council's Safety and Human Resources National Conference and Exhibition in Rogers, Ark., September 29, 2010."The ATA President's Trophy is the highest safety

YRC Worldwide Board of Directors Approves Tentative Labor Agreement and Reverse Stock Split

Agreement designed to improve YRCW long-term market competitiveness and provide for re-entry into multi-employer pension fundsRatification targeted for completion by late October 2010YRC Worldwide Inc today announced that its board of directors has approved a tentative agreement with the International Brotherhood of Teamsters, and the Teamsters approved submitting the tentative agreement to the

Selasa, 28 September 2010

Zollars to Retire from YRC Worldwide Following Completion of Comprehensive Recovery Plan

YRC Worldwide Inc. announced today that William D. Zollars, chairman, president and chief executive officer, has informed the company's board of directors of his decision to retire from the company upon the successful completion of YRC Worldwide's comprehensive recovery plan. Zollars and the board have agreed that he will retain his current positions through the finalization of the process and


One Nation Working Together Rally in Washington on 10-2-10Teamsters General President Jim Hoffa today urged Teamsters to attend the Oct. 2 march in Washington for jobs, justice and education. Download video.“On October 2, people who love America and want good jobs will come to Washington to make their voices heard,” Hoffa said. “It’s important that the Teamsters make their presence known at this

Growing Support for Change in Board Leadership at FedEx

Teamster Shareholder Proposal for Independent Board Chair Receives High VoteAt FedEx Corporation's annual meeting today the Teamsters' shareholder proposal to appoint an independent board chairman received 35 percent support according to results announced at the meeting. This marks a big leap in investor support for the proposed reform which received 27 percent support in 2009.Excluding shares

Sabtu, 25 September 2010


The Teamsters National Freight Industry Negotiating Committee (TNFINC) announced today that it reached a tentative agreement with YRCW that sets the foundation for a comprehensive financial restructuring and a viable, sustainable company.Details of the tentative agreement will be made available to the membership after being reviewed with local union and pension fund leaders next Wednesday,

YRC Worldwide Announces Tentative Agreement with Teamsters

YRC Worldwide Inc. announced today that it has entered into a tentative agreement with the International Brotherhood of Teamsters to address the company's competitiveness, re-entry into multi-employer pension funds and progress toward long-term growth. Details of the agreement will be made available subject to the required approval by union leadership committees and the company's Board of

Kamis, 23 September 2010

Teamsters plan update about YRC Worldwide negotiations

The International Brotherhood of Teamsters has scheduled a Sept. 29 meeting to update its local unions and pension fund representatives about ongoing negotiations with YRC Worldwide Inc.In a notice on the Teamsters’ website, the union also has asked its locals to schedule membership meetings on Oct. 2-3 and/or Oct. 9-10.The union provided no other details about the talks, saying only that its

Kamis, 16 September 2010

Arkansas Best gains require union wage cuts, pension reform

The good news is that the most recent analyst report says Fort Smith-based Arkansas Best Corp. may have hit bottom and could see positive earnings in fiscal 2011. But even with that, the economic future of Arkansas Best depends largely on the company’s success in gaining wage and pension relief from Teamsters and Congress, respectively.Arkansas Best is the parent company of ABF Freight System, a

ABF Earns Fifth Consecutive Listing on InformationWeek 500

ABF Freight System, Inc., has been cited as an innovator in information technology by InformationWeek magazine, which lists ABF on the 2010 InformationWeek 500. The InformationWeek 500 companies were revealed on September 14, 2010, at a gala awards ceremony during the InformationWeek 500 Conference at the St. Regis Resort in Monarch Beach, Calif.ABF earned a spot on the 2010 listing for its

Selasa, 14 September 2010

Working Toward Comprehensive YRCW Restructuring That Protects Teamsters

The Teamsters Union is reviewing cost savings presented by YRCW to make sure they are necessary to address business needs. Those cost savings will only be submitted for ratification if certain conditions are met that help protect the interests of Teamsters and if the effort supports a comprehensive restructuring that will give the company the best opportunity to survive over the long term.Read

Senin, 13 September 2010

ABF Celebrates Teamwork During National Truck Driver Appreciation Week

ABF Freight System, Inc., is celebrating the 15th Annual National Truck Driver Appreciation Week, September 19-25, 2010, with a system-wide campaign focusing on teamwork. The campaign underscores the fundamental role of transportation industry employees in supporting the North American economy."This campaign celebrates the hard work and dedication of all ABF employees to uphold the highest

Sabtu, 11 September 2010

Teamsters See Need For 'Comprehensive Restructuring' At YRC Worldwide

The Teamsters union said late Friday that it will only support new employee concessions at YRC Worldwide Inc. if the effort "supports a comprehensive restructuring" at the struggling trucking company."Our goal is to facilitate that restructuring and protect as many Teamster jobs as possible," the International Brotherhood of Teamsters said in a statement to its members.The union said it will

Rabu, 08 September 2010

YRC Worldwide To Appeal Delisting From Nasdaq Stock Market

YRC Worldwide Inc. has a month to prepare after an appeal after being told it faces delisting from the Nasdaq Stock Market, the company said Tuesday.The U.S. trucking group faces an appeal hearing on Oct. 7 and continues to evaluate the timing and size of a reverse stock split to push its share price above $1, in accordance with exchange rules.The company's liquidity problems have seen its shares

Minggu, 05 September 2010

YRC announces its plan to avoid stock's delisting

Trucking company YRC Worldwide says that it plans to request a hearing with NASDAQ exchange executives if it gets, as it expects, a notice saying its stock will be delisted.The NASDAQ earlier this year warned the Overland Park, Kan.-based company that its stock was in danger of being delisted because its share price had fallen too low — less than $1 per share for 30 consecutive business days.YRC

Jumat, 03 September 2010


A Message from Teamsters General President Jim HoffaThe first national Labor Day was celebrated six days after workers were killed in the Pullman strike of 1894. This Labor Day, we must remember those who were senselessly killed at Hartford Distributors in Connecticut.On the morning of Aug. 3, 2010, eight innocent people were gunned down in the warehouse of a beer distributorship. Seven of those

Conway sues FedEx over how it classifies drivers

Kentucky Attorney General Jack Conway filed suit Thursday against Federal Express contending that the delivery company misclassifies drivers to avoid paying taxes.The suit, filed in Franklin Circuit Court claims the company wrongly considers its drivers independent contractors and not employees. Conway contends that the misclassification has denied FedEx drivers workers’ compensation insurance,