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TRUCKING INDUSTRY * USA
* Indiana - Trucking industry is one economic gauge. Industry says it hasn't seen much of an uptick
Indianapolis,IND,USA -WISH TV8, by David Barras & Andrew Bonner -29 Oct 2009: -- Positive numbers for the economy were released Thursday. The gross domestic product rose at an annual rate of 3.5 percent in the third quarter of the year. That's better than economists predicted and it's the strongest growth in two years... Talk to those in the trucking business and they will tell you they are a reliable barometer of the nation's economy... Andy Card runs Noblesville-based Perkins Specialized Transportation, a nearly 100-year-old trucking firm that has 500 trucks, 1,500 trailers and shipping retail goods making 6,000 stops a week... Card said the trucking industry is the first to get hit in a downturn and the first to feel improvement in a recovery. In the past 6 to 8 weeks, he said, signs point to recovery because volume from his customers is up... * Missouri - Some YRC Worldwide union workers again reject concessions proposal
Kansas,MO,USA -The Kansas City Business Journal -October 19, 2009: -- A small segment of YRC Worldwide Inc. union workers has rejected a concessions proposal for a second time, and by a larger margin, a dissident union group said Thursday... Roughly 1,000 International Brotherhood of Teamsters dockworkers in Chicago’s Local 710 voted 486-242 against the concessions, Teamsters for a Democratic Union said on its Web site. Janitors rejected the proposal 9-2, but office workers passed the contract 59-46... The results came even though YRC management had threatened to reroute freight to other locations, TDU said, adding that management this week laid off about a third of the 64 mechanics in Cleveland’s Local 964 after they rejected the concessions a second time... In August, most Teamsters approved the additional 5 percent wage concession and 18-month pension payment termination, which came on top of a 10 percent wage cut they had approved in January. The second round of concessions was to save YRC an estimated $45 million a month, growing to $50 million a month in 2010...(Photo from media.buffalonews: Teamsters at YRC W)
Labels: trucking industry news USA
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