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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With increasing demand in the printing industry for equipment that enables more frequent and faster job changes on press, Flint Group officially launches the new rotec® ULW Bridge to join the lightweight family of sleeves and adapters. The rotec® ULW Bridge is an ultra lightweight polyurethane adapter offering up to 65% reduction in weight compared to similar products in the market – a significant weight decrease improving safety and handling for press operators. Developed together with customers, this new generation adapter has been validated in applications on plate-mounting equipment and on presses running up to 450 m/min for the last 1-2 years. Ralf Venema, Flint Group General Manager explains: “Our Product Development Team is focused on developing products to help the customer work smarter, faster and easier. The rotec® ULW Bridge is an excellent solution for improved safety and easier handling at the printer.” The rotec® ULW Bridge is suitable for all press widths and offers particular benefits where higher wall thicknesses are most commonly used, such as in cantilevered mounter applications and unusually large print applications, including corrugated pre-print. Click Read More below for additional information.