Here's some recent comments from company CFO Stephanie Fisher...
Getting ready for next year's labor talks
Being a unionized carrier, YRC is not in position of needing to raise wages at this point to attract new drivers. The Teamsters did make concessions during YRC's most difficult days, and Mehrotra said there was has been "bluster" from the Teamsters getting prepared for negotiations on a contract that ends in March 2019.
Fisher would not discuss wage numbers, but said YRC is going to need "flexibility in the work force to actually run the business the way it needs to be run." She discussed a scenario in which a worker would be more of a utility worker, allowed to perform more functions than at present. Mehrotra asked whether it was "realistic" to think the Teamsters would move toward that model. "The good news is we have outstanding (union) leadership," she said. "They have been very helpful in the last 18 months. I think in the next nine months we can spend time talking to them, and letting them know the issues so that this is not a surprise."
Getting ready for next year's labor talks
Being a unionized carrier, YRC is not in position of needing to raise wages at this point to attract new drivers. The Teamsters did make concessions during YRC's most difficult days, and Mehrotra said there was has been "bluster" from the Teamsters getting prepared for negotiations on a contract that ends in March 2019.
Fisher would not discuss wage numbers, but said YRC is going to need "flexibility in the work force to actually run the business the way it needs to be run." She discussed a scenario in which a worker would be more of a utility worker, allowed to perform more functions than at present. Mehrotra asked whether it was "realistic" to think the Teamsters would move toward that model. "The good news is we have outstanding (union) leadership," she said. "They have been very helpful in the last 18 months. I think in the next nine months we can spend time talking to them, and letting them know the issues so that this is not a surprise."