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TRUCKING INDUSTRY * USA - Analysis - Once Again, New England Motor Freight Leads the Way
Elizabeth,NJ,USA -GLGroup, by John Schulz -August 15, 2009: -- New England Motor Freight (NEMF), the leading Northeast regional LTL carrier, is forming a partnership with a top Canadian trucking company to enhance its expedited transportation and logistics services to Canada. NEMF picked Manitoulin Transport, a top Canadian carrier, as its partner. The move is latest example of once-regional LTL carriers expanding their footprint to enter into longer-haul lanes as the national, Teamster-covered, long-haul carriers continue to lose market share... The common denominator in all these partnerships? That's simple. Wise, veteran, prescient leadership that knows the trucking industry and, more important, knows where the market is heading. That kind of strategy works in any market... (Photo from eaglehaulingny: NEMF's truck)
* YRC Worldwide’s threatened job cuts prompt union revote on concessions
Kansas City,MO,USA -The Kansas City Business Journal -August 17, 2009: -- With YRC Worldwide Inc. threatening job cuts at New Penn after its union workers voted down a recent concessions package, the workers asked for and are getting a chance to change their votes... The International Brotherhood of Teamsters members who work for YRC subsidiary New Penn, will get their ballots Wednesday and have to return them by Sept. 9, the union said Monday... Earlier this month, New Penn workers voted down what is the second concessions package to YRC this year. It includes an extra 5 percent wage cut and forfeiting 18 months of pension payments... YRC, an Overland Park-based trucking company, expected to save $45 million to $50 million a month through 2010 from the union concessions... On July 30, YRC reported a $309 million loss in the second quarter. The company has taken steps that include selling property, integrating subsidiaries, closing facilities, laying off workers and amending agreements with lenders in an attempt to maintain liquidity and ride out the recession... (Photo from hankstruckpictures: A New Penn's loaded truck)
Labels: trucking industry USA and Canada
posted by Unknown @ 12:32 PM
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