News

On July 1, YRCW announced they expect to receive a $700 million loan from the US Treasury under authorization from the CARES Act. $350 million will be used to make H&W and pension benefit payments, and the other $350 million will go to investment in tractors and trailers.

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Click here to see the YRCW news release announcing the loan.

Click here to see the announcement from the IBT regarding the CARES Act loan.

Local 71 will continue to keep our members updated as we receive more information, including confirmation from TeamCare that Health & Welfare contributions are made and there will be no disruption to benefits.