In July 2011, the plan to restructure YRC Worldwide Inc. (YRCW) aimed at saving more than 25,000 Teamster freight jobs was successfully completed. The restructuring has saved good Teamster freight jobs. This page is dedicated to providing our YRCW members updates about developments that affect them.
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YRCW Freight Updates
The Teamsters National Freight Industry Negotiating Committee (TNFINC) met this week to continue negotiations for a new National Master Freight Agreement covering YRC Freight, Holland and New Penn.
The Teamsters National Freight Industry Negotiating Committee (TNFINC) met with representatives of YRC Freight, USF Holland and New Penn this week to kick off negotiations for a new National Master Freight Agreement (NMFA) covering those companies. The parties exchanged initial proposals on national language items.
Bobby Elrod, a 55-year Teamster who has driven for YRC Freight—and Roadway before that—for 45 years, was honored by the company recently for driving 5 million consecutive miles without a single accident.
(Washington, D.C.) – The Teamsters Union has won a $1 million settlement on behalf of YRC Freight’s road drivers.
In a meeting with YRC Freight earlier today, the company advised representatives of the Teamsters National Freight Industry Negotiating Committee (TNFINC) about operational changes later this year.
Here is the Teamsters' update about YRCW's restructuring of its employment relationship with CEO James Welch and its CFO Jamie Pierson.
YRCW Worldwide, Inc. (YRCW) announced on February 13th that it has closed on the financing of a new $700 million term loan and a $450 million asset-based loan facility, which was the final piece to an improved capital structure.