The century-old trucking corporation is accusing the union of breaching its contract and blocking Yellow's efforts to modernize its business.
Yellow Corporation, one of the nation's largest transportation companies, has filed a lawsuit against the International Brotherhood of Teamsters trucking union for alleged breach of contract and attempts to block Yellow's efforts to modernize its business.
Yellow and the Teamsters union have been tied up in negotiations since last year over the company's proposed restructuring efforts to consolidate its business operations and create a"super regional carrier" referred to as One Yellow. However, the company claims the Teamsters union is delaying it from initiating Phases 2 and 3 of its restructuring plan.Three years ago, Yellow received a $700 million pandemic-era bailout from the U.S.
The complaint filed in the U.S. District Court for the District of Kansas also alleges that Teamsters General President Sean O'Brien orchestrated a"militant approach" to block Yellow's restructuring plan by leveraging the company's dire financial position. The Teamsters union has vehemently denied those claims and blamed Yellow for bad business practices.
Yellow's government loan allowed the company to stay afloat throughout its restructuring plan, but the company says economic headwinds and its contract dispute with the Teamsters union have put it in a dicey financial position. The current Teamsters contract is set to expire on March 31, 2024, and Yellow has warned that negotiations — or lack thereof — are putting the company's future at risk.
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