Teamsters, Freight Companies Reach Tentative AgreementThe International Brotherhood of Teamsters and employers representing four major trucking companies reached a tentative agreement last week on a five-year contract extension.
The current contract expires March 31.
The companies involved are less-than-truckload freight carriers ABF Freight System, a unit of Arkansas Best Corp.; Roadway Express, a unit of Roadway Corp.; Yellow Freight, a unit of Yellow Corp.; and USF Holland, a unit of USFreightways Corp.
These firms commonly ship items weighing 600 to 1,000 pounds. They operate through a hub system in which an LTL carrier picks up packages from multiple customers and then consolidates goods traveling the same route.
The agreement followed a vote earlier in the week in which union workers authorized a strike if no agreement were reached by the end of the current contract.