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YRC WORLDWIDE AND TEAMSTERS REACH TENTATIVE AGREEMENT ON NEW FIVE-YEAR CONTRACT

Release Agreement

YRC WORLDWIDE AND TEAMSTERS REACH TENTATIVE AGREEMENT ON 

NEW FIVE-YEAR CONTRACT | Document Parties: YRC WORLDWIDE INC You are currently viewing:
This Release Agreement involves

YRC WORLDWIDE INC

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Title: YRC WORLDWIDE AND TEAMSTERS REACH TENTATIVE AGREEMENT ON NEW FIVE-YEAR CONTRACT
Date: 12/14/2007
Industry: Trucking     Sector: Transportation

YRC WORLDWIDE AND TEAMSTERS REACH TENTATIVE AGREEMENT ON 

NEW FIVE-YEAR CONTRACT, Parties: yrc worldwide inc
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Exhibit 99.1

FOR IMMEDIATE RELEASE

YRC WORLDWIDE AND TEAMSTERS REACH TENTATIVE AGREEMENT ON

NEW FIVE-YEAR CONTRACT

OVERLAND PARK, Kan., DECEMBER 13, 2007 —YRC Worldwide Inc. (NASDAQ: YRCW) announced today that its TMI member subsidiaries have reached a tentative agreement with the International Brotherhood of Teamsters (IBT) on a new five-year labor contract covering most dockworkers, drivers and certain other union employees. The present National Master Freight Agreement (NMFA) expires March 31, 2008.

“The early outcome of these negotiations is positive for our employees and positive for our customers,” said Mike Smid, President and CEO of YRC North American Transportation. “With the major hurdle of the NMFA behind us, we are now positioned to remain competitive in a very challenging industry environment.”

Trucking Management Inc. (TMI) is the multi-employer bargaining representative for the following YRC World


 
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