J.B. Hunt Transport Earnings Rise
J.B. Hunt Transport Services Inc. reported that its fourth-quarter net income rose 9.4% to $91.9 million, or 77 cents per share, helped by stronger intermodal, brokerage and dedicated freight business.
Teamster Workers to Vote on New YRC Contract Plan
Teamsters union members at YRC Worldwide Inc. will vote Jan. 25 and 26 on a revised contract extension proposal, which is on a fast track as the first $69 million of debt repayment looms in about three weeks.
ATA Tonnage Index Rises 8.2% in Dec., Hits Another Record
American Trucking Associations said its tonnage index rose 8.2% last month, reaching another record, capping the strongest year since 1998 and reflecting increasing strength across broad economic sectors.
YRC, Teamsters Announce Tentative New Deal
YRC Worldwide and the Teamsters union said late Jan. 17 that they have reached a tentative new labor agreement to help the carrier deal with its debt and financial situation.
UPS Says Holiday Surge, Short Season Lowered Profits
UPS Inc. said an unexpected surge of last-minute Internet gift orders during a compressed peak holiday season strained its delivery system, leading to fourth-quarter earnings of about $1.25 per share, or 18 cents below Wall Street estimates.
YRC Continues Teamsters Talks, Sees Revised Plan After Extension Rejected
YRC Worldwide Inc. said is evaluating new approaches to its long-term contract situation in talks with the Teamsters union after last week’s rejection of an extension that would have solidified the carrier’s financial situation.
UPS Freight Teamsters Approve 5-Year Pact
UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry.
YRC Teamsters Reject Contract Plan
Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and ensuring long-term stability.
Union Leaders Endorse New UPS Freight Deal, Clearing Way for Vote
Local Teamsters leaders cleared the way for members in UPS Inc.’s Freight unit to vote on a new tentative contract that comes seven months after the company’s original proposal was rejected by the union by a wide margin.
Steve O’Kane to Retire at A. Duie Pyle
A. Duie Pyle Cos. President Steve O’Kane is retiring this month, and Randy Swart was named chief operating officer to lead the less-than-truckload operation.