To:     All Teamsters Local Union No. 81 Members

By action of the Teamsters Local Union No. 81 Executive Board as taken on October 18, 2009, the Teamsters Local Union No. 81 General Membership Meetings for 2010 are scheduled as follows:

January 17, 2010

February 21, 2010

March 21, 2010

April 18, 2010

May 16, 2010

June 13, 2010

October 17, 2010

November 21, 2010

December 19, 2010

The meetings convene at 10:00 AM in the Joe Edgar Auditorium, Teamsters Plaza at 1866 NE 162nd Avenue, Portland, Oregon.

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Thursday, January 21, 2010

Having held out for months on a series of wage and benefits concessions, a group of dissident union workers employed by YRC Worldwide Inc. in Chicago is voting on the proposal again — this time without a proposed pay cut.

YRC confirmed the vote and said the proposal doesn’t include a 5 percent wage reduction, which other union members accepted in August. If approved, YRC said, the agreement would waive the company’s obligation to contribute to the employees’ pension fund for 18 months... Rest of Story from Kansas City Business Journal

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01/14/2010

Click on the link to read the statement issued by Al Hobart, JC 28 President and International Vice-President concerning the decision of the National Labor Relations Board to prosecute Oak Harbor Freight Lines for multiple and numerous Unfair Labor Practices (ULP) as outlined in the Labor Board's complaint.

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Wednesday, January 13, 2010

A trucking industry analyst said he expects haulers to continue to struggle through the first half of the year, at least, and predicted an “exceptionally weak” fourth-quarter report from YRC Worldwide Inc.

Overland Park-based YRC said Dec. 31 that it had successfully completed a debt-for-equity swap that let it avoid filing for bankruptcy protection. However, the swap had required numerous deadline extensions before it succeeded. Many analysts still question whether the less-than-truckload market leader can survive because it faces more debt deadlines in April... Rest of Story from Kansas City Business Journal

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January 6, 2010

By Tiernan Ray

Shares of trucking logistics firm YRC Worldwide  are up 8 cents, or 11%, at 75 cents, nearly a week after the company completed a debt-for-equity swap meant to avoid bankruptcy. Dow Jones Newswires’s Bob Sechler sat down with CEO Bill Zollars, who told him that a bankruptcy filing is “not on the radar screen” and that customers “are returning pretty aggressively.”

Customers “feel a lot better about doing business with us,” Zollars told Sechler, and added the “worst is over,” without offering details on customer retention or returns... Rest of Story from Barron's

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Friday, January 8, 2010

The immediate drama is over, but YRC Worldwide Inc.’s efforts to stay afloat until the national economy jump-starts the freight industry are far from complete.

The Overland Park-based trucking company scored a Hail Mary pass on New Year’s Eve, persuading enough bondholders to swap almost $500 million in debt for a majority of YRC’s stock. Approval of the deal, which went through five deadline extensions, was considered key to avoiding bankruptcy... Rest of Story from Kansas City Business Journal

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Thursday, December 31, 2009

YRC Worldwide Inc. has succeeded in persuading enough bondholders to exchange their debt for a majority stake in the company’s shares, wiping almost $500 million in debt from the company’s books and staving off a possible bankruptcy filing.

The Overland Park-based trucking and logistics company (Nasdaq: YRWC) said in a release Thursday that it had met the required levels of participation from holders of three kinds of debt by the Wednesday night deadline... Rest of Story from Kansas City Business Journal

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