Hoffa Statement On YRCW Efforts To Acquire Freight Division Of ABF

      Hoffa Statement On YRCW Efforts To Acquire Freight Division Of ABF

PR Newswire

WASHINGTON, May 10, 2013

WASHINGTON, May 10,2013 /PRNewswire-USNewswire/ --The following is the
official statement of Teamsters General President James P. Hoffa regarding
recent reports that YRC Worldwide Inc. attempted to acquire ABF Freight
Systems.

(Logo: http://photos.prnewswire.com/prnh/20100127/IBTLOGO)

"It is unconscionable that in the middle of the IBT's sensitive negotiations
for a new contract for 6,000 ABF Teamsters, and in the context of years of
continuing sacrifice by our members at YRC, that YRC would advance a secret
effort to acquire ABF's freight division. This interference in the collective
bargaining process is an affront to all of the hardworking men and women at
both companies.

"Before YRC begins looking foracquisitiontargets they should first restore
our members' wages and pension contributions. We have seen this kind of
arrogance from YRC before. We thought they had finally learned the lessons of
past management catastrophes. Unfortunately it appears they have not. We want
to give credit to ABF for rejecting this gambit, and we now will demand from
YRC a full accounting of the calculations and decisions that went into their
latest misstep."

Founded in 1903, the International Brotherhood of Teamsters represents more
than 1.4 million hardworking men and women in the United States, Canada and
Puerto Rico. Visit www.teamster.org for more information. Follow us on
Facebook and Twitter @Teamsters.

SOURCE International Brotherhood of Teamsters

Website: http://www.teamster.org