 |
| W2 Woes Report
Retracted |
| Road Drivers Weekly News
reported on issues of YRC w2's that had been issued to employees
of YRC Inc. Read
More |
| FY2011 Request: $78.8 billion
for DOT |
|
02.02.2010 -The
overall budget request for the U.S. Department of Transportation
calls for $78.8 billion in fiscal year 2011, an increase of 2
percent from the 2010 level of $77 billion. Read the report at whitehouse.gov |
| Ban on Texting for Truck Drivers |
| Truck drivers who text while driving commercial
vehicles may be subject to civil or criminal penalties of up to
$2,750.00 |
| U.S Transportation Secretary Ray
LaHood today announced federal guidance to expressly prohibit texting by
drivers of commercial vehicles such as large trucks and buses. The
prohibition is effective immediately and is the latest in a series of
actions taken to combat distracted driving since the
Secretary convened a national summit on the issue last September.
Read
More |
|
Moody's says YRC less
likely to default
|
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01.08.2010 - Moody's Investors Service said Friday it believes a
recent debt-for-equity swap has reduced the possibility that trucking
operator YRC Worldwide Inc. will default on its debt. More at finance.yahoo.com
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UPS to cut 1,800 jobs
|
|
01.08.2010 - United
Parcel Service Inc. will cut 1,800 jobs as it trims its domestic
management structure.
|
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To boost the U.S. package segment’s performance,
UPS said it is streamlining its domestic management structure. In
April, UPS will scale back its U.S. regions from five to three and its
U.S. districts from 46 to 20. More at sanantonio.bizjournals.com
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YRCW Sucessful in Bond Exchange
|
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12.31.2009 -
YRC Worldwide Inc. announced today that it was successful with its
previously announced debt-for-equity exchange offers having received
tenders for approximately $470 million in par value, representing
approximately 88% of the company's outstanding notes, including $105
million, or 70%, of its 8 1/2% Notes, $217 million of its 5.0%
Notes, and $148 million of its 3.375% Notes, representing 94% of
aggregate total of the 5.0% and 3.375% Notes. Read more at investors.yrcw.com
|
| EEOC Sues YRC For
Widespread Race Discrimination At Chicago Ridge |
| 12.11.2009 CHICAGO
– The U.S. Equal Employment
Opportunity Commission (EEOC) filed suit late yesterday against
YRC, Inc., alleging that it subjected black employees at its
Chicago Ridge, Ill., facility to a racially hostile working
environment. |
| According to the EEOC’s
complaint, since at least 2004, black employees at the Chicago
Ridge facility were subjected to hangman’s nooses, racist
graffiti and racist comments. During this time, the
complaint also alleges, YRC subjected black employees to
harsher discipline and scrutiny than their white
counterparts, and gave more difficult and time-consuming work
assignments to black employees than white employees. Source:
eeoc.gov |
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