10-hour driving limit for truckers proposed

The Obama administration is considering the establishment of a 10-hour driving limit for long-haul truckers.The Federal Motor Carrier Administration said Thursday it favors reducing the current 11-hour limit by an hour. But the agency is accepting comments on whether to change the rule, signaling it may not be completely behind the idea.The Obama administration has been considering whether to

Tom Gerke to Join YRC Worldwide as Executive Vice President, General Counsel and Secretary

YRC Worldwide Inc. has announced that Tom Gerke is joining the company as executive vice president and general counsel effective Jan. 3. He also will serve as secretary to the YRC Worldwide board of directors."Tom is uniquely positioned to lead our legal organization as we work on our comprehensive recovery plan," says Bill Zollars, chairman, president and CEO-YRC Worldwide. "We are really

HAPPY HOLIDAYS AND BEST WISHES FOR THE NEW YEAR

General Secretary-Treasurer Tom Keegel and I extend our best wishes for a happy holiday season to our Teamster brothers and sisters and all their families. You deserve it after working so hard in 2010 to keep our union strong and united during these tough economic times. We are confident that the New Year has great things in store for all of us.As we close out 2010, we look back with pride on

YRC Worldwide Continues Progress on Comprehensive Plan

Expected Fourth Quarter 2010 Adjusted EBITDA In Excess of Covenant LevelCredit Agreement and ABS Lenders Extend Interest and Fee Deferral to May 2011Key Stakeholders in Discussions to Complete Comprehensive Plan by Mid-2011YRC Worldwide Inc. today announced amendments to its credit agreement and asset-backed securitization facility ('ABS'). Both amendments are intended to provide additional time

YRC granted extensions on two lending arrangements

YRC Worldwide Inc. said Tuesday it received extensions on two lending agreements, allowing it to continue working on its restructuring plan through mid-2011.The Overland Park-based trucking company said it received amendments on its credit agreement and asset-backed securitization program, extending deferrals on interest and fees though next May. The extension requires that YRC reach an agreement

Teamsters Applaud Dismissal of ABF Suit

Union's Freight Director: 'Best Possible Outcome for Teamsters'The Teamsters hailed a U.S. District Court ruling on Thursday that ABF Freight System does not have standing to sue YRCW Worldwide Inc. and the union in court.Judge Susan Webber Wright dismissed the case brought by Fort Smith, Ark.-based ABF."We have said all along that ABF took itself out of the National Master Freight Agreement and

Judge dismisses competitor's lawsuit against YRC, Teamsters

A federal judge dismissed a lawsuit brought by a trucking company that challeged the concessionary contract reached between YRC Worldwide Inc. and the Teamsters union.U.S. District Judge Susan Webber ruled in a Little Rock federal court that YRC and ABF Freight System Inc. operated under separate bargaining agreements.The judgment is another positive devlopment for Overland Park-based YRC, which