The Eighth Circuit Court of Appeals ruled Wednesday (July 6) in favor of Arkansas Best Corp., which returns the company’s lawsuit against YRC and the Teamsters back to a federal district court in Little Rock.On Nov. 1, Arkansas Best Corp. — the parent company of ABF Freight System — filed a lawsuit seeking the $750 million in financial damages from alleged violations of a National Master Freight Agreement (NMFA) by the International Brotherhood of Teamsters and others.
YRC received three rounds of wage and benefit concessions from the Teamsters, with the most recent announced Nov. 1 that includes up to $350 million annually through 2013. Previously, the Teamsters voted to approve a 15% pay cut among unionized YRC drivers. ABF has been unable to receive similar concessions from the union. Full Story.....
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