YRCW New England Supplemental Freight Agreement (2019-2024) The national master part of the agreement, which includes about 25,000 employees, has been ratified with a margin of 60% to 40%. All but one of the additional regional treaties (Joint Council 40) were also adopted. The national treaty enters into force only after the Joint Council has decided to award contract 40. The parties currently have an extension agreement in force. Employees must report to work as usual. ”YRC Worldwide is supported by the most professional and experienced people in the industry. I want to thank each and every one of our employees for their hard work and dedication. We will continue discussions with IBT and staff to quickly reach a fully approved agreement,” concluded Mr. Hawkins.
”There is much to look forward to with the new framework agreement, and we are of course pleased that our employees have accepted by approving the national agreement and the associated national economic package. The new contract supports a more competitive compensation and benefits package for our employees while enhancing our ability to provide reliable and efficient service to our customers,” said Darren Hawkins, YRCW`s President and CEO. The company will describe the main benefits of the employment contract during its conference call on May 8, 2019. OVERLAND PARK, Kansas, May 06, 2019 (GLOBE NEWSWIRE) — YRC Worldwide (NASDAQ: YRCW) (the ”Company”) announced today that employees of three of our operating companies – YRC Freight, Holland and New Penn Motor Express – represented by the International Brotherhood of Teamsters and covered by the National Freight Framework Agreement (NMFA) – have overwhelmingly approved a new five-year framework agreement and a set of national economic measures. which is probably a record turnout for the national treaty. choose. This was an important next step in this process, where only a small additional agreement had to be resolved before the entire contract came into effect. We will endeavor to settle the last remaining localized addition before the expiration of our current contract extension until May 31, 2019.
Workers represented by Teamster at YRC Freight, Holland and New Penn voted to approve the national master part of the new YRCW National Freight Framework Agreement, which raises wages, restores a week`s vacation and protects benefits. . ”As we work to complete the one outstanding addition, it will be as usual for our businesses as we focus on providing our customers with the service they need,” Hawkins said. Please log in using one of the following methods to post your comment: YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company of a portfolio of LTL companies, including Holland, New Penn, Reddaway and YRC Freight, as well as logistics company HNRY Logistics. Overall, YRC Worldwide`s businesses have one of the largest and most comprehensive logistics and LTL networks in North America with local, regional, national and international capabilities. Through its teams of experienced service professionals, YRC Worldwide provides companies with cutting-edge expertise in flexible supply chain solutions to ensure customers can ship industrial, commercial and retail products with confidence. . You comment with your WordPress.com account. ( Logout / Modification ) This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words ”will”, ”should”, ”anticipates”, ”expects”, ”believes”, ”intends” and similar expressions are intended to identify forward-looking statements.
Forward-looking statements are inherently uncertain and are subject to significant risks, uncertainties and contingencies related to business, economics, competition, regulation and other known and unknown risks, many of which are beyond the Company`s control. It is important to note that the achievement of operational efficiency and the improvement of customer service that we anticipate may be subject to a number of factors, including (but not limited to) the risk factors included from time to time in the Company`s reports filed with the SEC, including the Company`s reports on Forms 10-K and 10-Q. ”Over the past decade, our members have sacrificed a lot to keep the YCW businesses running, and this contract restores the vacation week and offers $4 in wage increases, among other things,” said Ernie Soehl, director of the Teamsters` National Freight Division. As a Local 251 Teamster, you are entitled to a copy of your union contract. To obtain a copy of your contract, contact your union representative or click here to complete a contract application form. The contract includes a comprehensive set of salaries and benefits as well as opportunities to increase operational efficiency. ”This contract is expected to improve the livelihoods of our YRCW Teamsters for the next five years,” said Jim Hoffa, Teamsters General President. ”Freight is the backbone of our great union and this contract recognizes our members for their hard work.” Please visit our website at www.yrcw.com for more information. If you do not see your contract listed here, please fill out this form and we will provide you with a copy of your contract. Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hard-working men and women in the United States, Canada and Puerto Rico. Visit www.teamster.org for more information.
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