Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland.
Yellow (NASDAQ: YELL) now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters said it expects the company to make the payments within the next two weeks.
“The intense discussions between Teamsters leadership and Central States successfully convinced fund trustees to reverse their previous decision that health care benefits would end on July 23 if Yellow remained delinquent,” the statement read.
more at: https://www.freightwaves.com/news/no-strike-at-yellow-central-states-grants-extension?j=470033&sfmc_sub=103072962&l=256_HTML&u=6374722&mid=514011755&jb=23002&utm_source=sfmc&utm_medium=email&utm_campaign=FW_Daily_7_24_23&utm_term=Read+More&utm_id=470033&sfmc_id=103072962&sfdc_id=0035d00006rcPyVAAU
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Negotiations on the collective agreements of the Finnish Transport Workers Union AKT continue today, February 13, 2023. Wage negotiations are also going on for truck drivers and terminal workers. If agreements cannot be reached, the entire Finnish transport industry is threatened with a large-scale strike, which, if implemented, will significantly affect the flow of freight traffic. Due to ongoing overtime ban at the Finnish ports, one ferry service between Germany and Finland has been cancelled today. Your road transport contact persons will provide more information about possible delays to shipments.