Teamsters accept more concessions at YRC Worldwide

Once again, YRC Worldwide Inc.’s drivers and dockworkers have accepted concessions aimed at keeping the struggling trucking company viable into 2011.

With results of a much awaited vote released Saturday, the Teamsters said union members at YRC’s operating units approved the extended agreement by healthy margins.

At national carrier YRC Inc. and regional unit USF Holland, 62 percent voted to ratify and 38 percent voted against it.

At New Penn, a YRC regional carrier in the Northeast, the vote was 69 percent approving the agreement and 31 percent rejecting the pact.

The concessions extend the union’s national contract with YRC to March 2015 and maintain 15 percent wage cuts accepted last year, when workers voted on two occasions to ratify cost-cutting proposals. Full Story.....