OVERLAND PARK, Kan. — The International Brotherhood of Teamsters has ratified a new five-year labor contract with YRC Worldwide.
The agreement covers about 50,000 dockworkers, drivers and certain other union employees of Yellow Transportation, Roadway, USF Holland and New Penn.
The new National Master Freight Agreement (NMFA) replaces the current agreement when it expires on March 31, 2008.
“We are pleased the contract was ratified well ahead of the renewal date,” stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. “This five-year agreement gives us a solid foundation on which to build.”
A substantial majority of the employees of the affected YRC carriers voted in favor of the ratification. The union informed the company that there were two local supplemental agreements that did not receive a majority vote.
Both the company and the union are committed to addressing these local issues, which is part of the normal process.
YRC Worldwide Inc. is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, USF Holland, USF Reddaway, and USF Glen Moore.
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