YRC Worldwide and Teamsters union leaders reached a tentative agreement on a 10% pay cut for union employees to help reduce costs, Bloomberg reported late Wednesday.
December 4, 2008Search
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FMCSA Issues Medical Rule Requiring Proof of Certification
The Federal Motor Carrier Safety Administration last week issued a final rule requiring all interstate truck drivers to prove they have passed medical examinations and proposed a separate rule setting up a national registry of qualified examiners.
December 8, 2008Union Offers YRC Savings
The Teamsters tentatively agreed to a 10% wage cut to help YRC Worldwide Inc. cope with the recession as part of a package that, among other things, requires YRC to give the union a 15% stake in the less-than-truckload carrier.
December 8, 2008Dynamex’s Fiscal 1Q Earnings Decline
Logistics and delivery firm Dynamex Inc. said Thursday its fiscal first-quarter profit fell to $3 million, or 30 cents a share, from $4 million, or 39 cents, a year ago.
December 4, 2008Unemployment Claims Rise to 26-Year High
First-time unemployment claims fell but continuing claims rose to a 26-year high last week, the Labor Department said Thursday.
December 4, 2008Rail, Intermodal Traffic Fall in November
Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter Pilgrim’s Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008ABF Cites Union Contract Concerns
Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union’s tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.
December 3, 2008