MILE MARKER # 47
YRC Worldwide Inc. management has been seeking economic relief in the National Master Freight Agreement for several weeks. Following the recent downgrading profits debt rating by both Standard and Poor’s and Moody’s Investors Service and it's impact on the company’s ability to maintain a line of credit, the Teamsters General Executive Board today unanimously agreed to permit representatives from the Teamsters National Freight Industry Negotiating Committee to enter into discussions with YRC immediately to determine how to best preserve Teamster's jobs and protect benefits.
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