YRC Worldwide, which controls the fourth- and eighth-largest LTL companies with its long-haul YRC Freight and YRC Regional units, is embarking on what could be a make-or-break contract with its 24,000 Teamsters union. Because YRC has struggled to regain profitability following its decision to buy rival Roadway Express in a debt-laden $1.1 billion transaction in 2003, any significant change in either units’ wage structure or fringe benefits could trigger another downturn for the Overland Park, Kan.-based company.
Source: logistics Mgmt
YRC, Teamsters float trial work rule balloons in advance of NMFA contract talks
More from News, Transportation, Motor Freight,More posts in News, Transportation, Motor Freight, »
- FTR’s Trucking Conditions Index shows gains but remains negative to end 2022
- New app aims to help drivers with sleep apnea stay safe behind the wheel
- Leading LTLs cutting headcount, terminals as retail demand slackens
- National diesel average, for the week of October 17, heads up 11.5 cents, reports EIA
- Merger and acquisition craze continues in truckload as Werner adds Baylor Trucking to its network
Be First to Comment