Teamsters

Eric Kulisch Tuesday, September 17, 2019

GM strike could hurt unionized auto haulers first

The halt in vehicle production at General Motors [NYSE: GM] plants on Sept. 16 over a labor dispute is expected to have ripple effects throughout the automakers’ supply chain, but experts say the severity of any business interruption will depend on the duration of the strike by the United Auto Workers. The most immediate casualty […]

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Brian Straight Wednesday, May 8, 2019

YRC Worldwide posts first-quarter loss on lower revenue

YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter 2019, net loss was $49.1 million compared to a net loss of $14.6 million in first quarter 2018. Zacks Consensus estimate was for an earnings per share (EPS) loss […]

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Mark Solomon Saturday, May 4, 2019

Shareholder advisory firms back Teamster proposal to separate XPO chairman, CEO roles

The two leading shareholder advisory firms have said they will support an International Brotherhood of Teamsters proposal to separate the chairman and CEO positions at XPO Logistics, Inc. (NYSE:XPO) and appoint an independent director as chair. If that happens, it could eliminate the dual role now performed by Brad Jacobs, the company’s founder. Glass Lewis […]

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