Mike
Well-Known Member
YRC Worldwide Inc., the country’s biggest trucker, has reached tentative agreement with the Teamsters union on a contract, more than three months before the existing pact is to expire.
The union represents nearly 50,000 drivers and dock workers who work for several YRC subsidiaries, the biggest being Yellow Transportation and Roadway. YRC is based in Overland Park.
The Teamsters negotiated the five-year agreement with Trucking Management Inc., or TMI, the negotiating arm of the unionized trucking industry.
After ABF Freight System pulled out of TMI and the consolidation in recent years of unionized carriers, YRC subsidiaries are the only remaining members of TMI. They are Yellow Transportation, Roadway and USF Holland.
“The early outcome of these negotiations is positive for our employees and positive for our customers,” said Mike Smid, president and chief executive of YRC North American Transportation. “With the major hurdle of the NMFA (national contract) behind us, we are now positioned to remain competitive in a very challenging industry environment.”
Jim Hoffa, Teamsters general president, said the new contract would protect the jobs and benefits of the union’s membership.
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The union represents nearly 50,000 drivers and dock workers who work for several YRC subsidiaries, the biggest being Yellow Transportation and Roadway. YRC is based in Overland Park.
The Teamsters negotiated the five-year agreement with Trucking Management Inc., or TMI, the negotiating arm of the unionized trucking industry.
After ABF Freight System pulled out of TMI and the consolidation in recent years of unionized carriers, YRC subsidiaries are the only remaining members of TMI. They are Yellow Transportation, Roadway and USF Holland.
“The early outcome of these negotiations is positive for our employees and positive for our customers,” said Mike Smid, president and chief executive of YRC North American Transportation. “With the major hurdle of the NMFA (national contract) behind us, we are now positioned to remain competitive in a very challenging industry environment.”
Jim Hoffa, Teamsters general president, said the new contract would protect the jobs and benefits of the union’s membership.
More...
