If YRC Worldwide, Inc.’s (NASDAQ:YRCW) second-quarter results could talk, they would tell investors and shippers to give them the benefit of the doubt. But after a disappointing quarter, an equity price that’s down nearly 80 percent in the past 12 months, and a model that has destroyed untold amounts of wealth in the past 14 […]
Three-judge panel says lower court acted properly to block union pilots from slowing down Atlas Air’s operations during contract talks
YRC’s CEO hints at more changes to come after it announces closing of its New Penn HQ
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 […]
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 […]
Rank-and-file approve by 60-40 margin.
Last local ratifies rider, paving way for contract implementation.
As workers decide their fate, management works to wean itself off high-volume business.
Shippers poised to pull business if pact gets thumbs down, Soehl says.
The labor rubber is about to hit the road.
Existing pact extended two months to allow for rank-and-file ratification vote.
Implementation is delayed until all locals ratify supplements and riders.
Facilities to be shuttered now benefiting from increased business, perhaps NEMF diversion.
Decision triggered by changes in Verizon Wireless product distribution.
California and the International Brotherhood of Teamsters have filed petitions with the U.S. Court of Appeals for the Ninth Circuit challenging the preemption of the state’s meal and rest break rules for interstate truck drivers.
YRC unit wants to cut terminals, replace Central Freight with YRC Freight on interline pact.
The Teamsters Union is relying on the new Congress to help stave off insolvency of its Central States Pension Fund.
Trucking companies could be exposed to increased liability while a challenge to FMCSA’s hours-of-service preemption in California is pending.
Economic issues not yet on the table.
Review that began in May expanded to examine allegations at Memphis DC
