Reprinted from investors.myyellow.com (click here to read as a PDF)
At the White House, Yellow Corporation announced plans to expand its Registered Apprenticeship program to include new training initiatives for dockworkers and diesel mechanics. Nationwide and across industries, there is significant demand for these jobs, which are essential in delivering freight and sustaining U.S. supply chains.
Teamsters at ABF will receive their first wage COLA since 2006, per Article 33, Section 4 in addition to the contractual wage increase effective July 1, 2022.
Between the contractual increase and the COLA, effective July 1, hourly wages will increase by $0.55 per hour and 1.375 cents per mile.
Central States Pension Fund submitted their application for Special Financial Assistance on April 28. The PBGC has 120 days to review the CSPF application. Click here for the full memo from Voices for Pension Security.