Wednesday, July 06, 2011

Court overturns decision denying ABF’s challenge to YRC concessions

A federal appeals court has overturned a lower court’s ruling that ABF Freight System Inc. lacked the ability to challenge a series of wage and benefit concessions reached in 2009 and 2010 between YRC Worldwide Inc. and the International Brotherhood of Teamsters.

The 8th U.S. Circuit Court of Appeals in St. Louis ruled on Wednesday that the case be returned to the Arkansas court for further proceedings.

YRC is scheduled to complete a financial restructuring plan by the end of this month, a process it had warned would be endangered if the ABF challenge was allowed to continue.

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