Yellow trucking firm avoids strike by reaching agreement.
Trucking Company Yellow Corp. Avoids Strike with Last-Minute Agreement
The tension was high as Yellow Corp., one of the largest trucking companies in the industry, reached a crucial agreement with its drivers on Sunday, narrowly avoiding a potentially crippling strike. Thanks to the efforts of the Teamsters and the Central States Health and Welfare Fund, drivers’ health care benefits and pensions have been extended with a whopping $50 million investment. Originally, these vital benefits were set to expire on Sunday.
“Our members at YRC Freight and Holland cannot work without health care, and the Teamsters worked tirelessly to ensure an immediate strike at Yellow could be averted,” said Teamsters President Sean M. O’Brien in a statement. “These discussions were not easy, but Central States has made meaningful movement under pressure from the union. We are seeking a real resolution, but let this solution today serve as a profound reminder that our members can only endure so many sacrifices. Teamsters at Yellow simply work too hard and have already given so much.”
The Teamsters, representing a staggering 22,000 Yellow Corp. drivers, have given Central States a 30-day ultimatum to fulfill its obligations regarding pension accruals and benefits. However, Central States has agreed to expedite the payment within the next two weeks, demonstrating their commitment to resolving the issue promptly.
Yellow Corp., known for its iconic yellow semi trucks, is the third largest trucking company in the industry. With clients like Walmart and Home Depot relying on their services, it’s no wonder their shipments often share the same trailer, efficiently transporting goods across the country.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Meanwhile, the Teamsters are gearing up for another round of negotiations with UPS, a process that began back in April. Although they have successfully resolved 55 non-economic issues on June 19, the crucial wage negotiations are still pending. These negotiations are of utmost importance as contracts with UPS drivers, responsible for delivering a staggering 37% of the United States’ total parcel volume, are set to expire on August 1.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...