Freight Division Director John Murphy announced today that based on the Consumer Price Index figures released February 10th by the Bureau of Labor Statistics, YRCW Teamsters will be due a cost-of-living allowance per Article 33, Section 4 when the next scheduled hourly and mileage increase takes place on April 1, 2022.
This is the first wage COLA payable to our Yellow freight members since 2006. The $0.60 cents payable on April 1, 2022, will be the largest annual increase our members have received since 1981 when the COLA paid 77 cents.
COLA increases will be as follows:
$0.60 per hour
1.500 cents per mile
These increases are in addition to the negotiated increases per the 2019–2024 YRCW NMFA settlement which are effective April 1, 2022:
$0.40 per hour
1.00 cents per mile
Essentially, this means that hourly wages are scheduled to increase by $1.00 per hour and 2.500 cents per mile on April 1, 2022
Read the full memo here. In addition to the increases scheduled for April 1, YRCW members will also be receiving contractually negotiated raises in October.