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Jun 26, 2009

TRUCKING INDUSTRY NEWS * USA - YRC to talk to Teamsters on modified labor agreement

Talks to modify cost structure, preserve operating capital

Overland Park, KN,USA -Reuters, by Nick Carey & Phil Berlowitz -Jun 25, 2009: -- Struggling No. 1 U.S. trucking company YRC Worldwide Inc. is to open talks with the Teamsters union on a modified labor agreement, the company announced late Wednesday... The company said talks would focus on finding ways to reduce the less-than-truckload operator's cost structure and "preserve operating capital going forward."... Less-than-truckload (LTL) companies consolidate small loads into a single truck... (Photo from cargonewsasia: A YRC Worldwide Inc.’s LTL truck)

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