Freight Members

News Updates

Headline News
January 20 -

The Teamsters Union urged federal regulators at a hearing to reverse a Bush-era midnight regulation that increased the number of hours truckers can drive.

Headline News
January 8 -

Teamsters at YRC Worldwide, Inc. (YRCW) dialed in to a “tele-town hall” discussion on Thursday night to get an update on the efforts to save 35,000 Teamster freight jobs at YRCW. Listen to the audio here.

Headline News
January 8 -

Among the causes of the ongoing financial meltdown, many experts cite the Commodity Futures Modernization Act, smuggled through Congress late on a December evening in 2000.

Headline News
January 5 -

In the battle between the truckers and the hedge funds, the truckers won. The fact that YRC Worldwide almost went bust because of credit-default swaps shows how little has changed on Wall Street.

Headline News
January 4 -

It would have been a remarkable sight: Teamsters protesting outside the offices of a large hedge fund, Brigade Capital Management. The International Brotherhood of Teamsters planned a midday rally against the hedge fund accusing the firm of refusing to participate in trucking company YRC Worldwide’s debt-for-equity swap.

Headline News
January 4 -

Goldman Sachs Group Inc. helped YRC Worldwide Inc. complete a debt swap to avert bankruptcy after the Teamsters union said the bank was trying to profit from a failure of the largest U.S. trucker by sales.

Press Release
December 31 -

Worldwide Inc. [NASDAQ: YRCW] announced that it reached the necessary thresholds on its bondholder debt-to-equity exchange offer that concluded today.

Headline News
December 30 -

Beleaguered transportation logistics firm YRC Worldwide (YRCW), despite appearing to be on the ropes with its proposed debt-for-equity swap, and facing a possible bankruptcy, could still come out okay, according to a couple of analysts following the company.

Headline News
December 30 -

YRC Worldwide Inc. is trying to assuage the concerns of customers, employees and shareholders as time is running out on the company’s plan to exchange some of its debt for stock in a bid to stave off bankruptcy.

Press Release
December 30 -

The Teamsters Union announced that it will postpone a protest planned today at the headquarters of Brigade Capital Management in New York after conversations with Brigade that the hedge fund does not currently own any YRC Worldwide Inc. [Nasdaq: YRCW] bonds. In addition, UBS has indicated they have tendered their bonds in the exchange.