YRC seeks relief from National Master Freight Agreement

YRC seeks relief from National Master Freight Agreement

Posted on Nov 25, 2008 in U.S. Trucking News by PMC Comments Off

Jimmy Hoffa must be needing a double helping of prunes this morning as word is emerging that Yellow Roadway Corporation is seeking economic relief from the National Master Freight Agreement.

In a mailer sent out yesterday to rank and file members, The Teamsters said;

YRC Worldwide Inc. management has been seeking
economic relief in the National Master Freight Agreement
for several weeks. Following the recent downgrading of
its debt rating by both Standard and Poor’s and Moody’s
Investors Service and its impact on the company’s ability
to maintain a line of credit, the Teamsters General
Executive Board today unanimously agreed to permit
representatives from the Teamsters National Freight
Industry Negotiating Committee to enter into discussions
with YRC immediately to determine how to best preserve
Teamsters jobs and protect benefits.

This is certainly not something Jimmy boy can blame on his obsession with Mexican trucks or NAFTA now is it!

Merely another sign of the times and something I’ve been saying for years. The unions continue to cripple our economy, cost us jobs and cause businesses to relocate to southern states or to other countries that are more business friendly. A good case in point is the Big 3 automakers and UAW recent comment that they have no intention of making concessions to help the companies stay afloat.

Happy Thanksgiving Guys and Merry Christmas! You’re gonna need it!

Nuff said!

Tags: Teamsters, YRC