Staff Reports
Yellow Corp., a trucking company, has managed to avoid a strike by reaching an agreement with its drivers. The Central States Health and Welfare Fund and the Teamsters have agreed to extend health care benefits and pensions for the drivers, a deal amounting to $50 million. Originally, these benefits were supposed to end on Sunday.
Trucking firm Yellow averts strike by drafting agreement https://t.co/PisEbgQ7mL
— Washington Examiner (@dcexaminer) July 24, 2023
Teamsters President Sean M. O’Brien expressed his satisfaction with the outcome, stating that the union worked hard to prevent an immediate strike at Yellow Corp. He also emphasized the importance of health care for the workers, acknowledging their hard work and sacrifices.
As part of the agreement, Central States has been given a thirty-day deadline to pay the pension accruals and benefits owed, although they have promised to make the payment within two weeks.
Yellow Corp. is the third largest trucking company, serving major clients like Walmart and Home Depot. Their yellow semi trucks are a common sight on the road, transporting various shipments in the same trailer.
In other news, the Teamsters will be continuing negotiations with UPS, a process that initially began in April. While progress has been made on non-economic issues, wage negotiations are still ongoing. With UPS drivers delivering a significant portion of the country’s parcels, the expiration of their contracts on August 1 is an important deadline to watch.
All in all, it seems that Yellow Corp. has managed to reach a favorable agreement with its drivers. The conservative perspective recognizes the importance of fair negotiations and the need to support the hardworking men and women in our trucking industry.
