Teamsters Local 492
Teamsters Local 492

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Yellow PT Bonus and Cola 2023
Apr 29, 2023

YRCW 2023 COLA Brings April Raise to .77¢ Per Hour

Yellow Corp -NMFA Article 33, Sec. 4 - COLA

2/23/2023 - A COLA increase effective April 1, 2023, is calculated as follows. The contract specifies a one (1) cent per hour and one-fourth (0.25) mills per mile increase for every two-tenths (0.2) point increase in the CPI-W Index in excess of 3.5% and at least totaling $0.05. Reaching an Index level of 293.565 in January 2023, the Index increased 7.599 points above the January 2022 Index plus

3.5%, and that translates to the following COLA increases:

$0.37 per hour

0.925 cents per mile

The COLA will be applied as outlined in Article 33. Please note these increases are in addition to the negotiated increases per the 2019–2024 YRC

National Master Freight Agreement which are effective April 1, 2023:

$0.40 per hour

1.00 cents per mile

Essentially, this means on April 1, 2023 hourly wages are scheduled to increase by:

$0.77 per hour

1.925 cents per mile

In addition to the above COLA there was also a PT Settlement Payment to YRC Freight Road Drivers:

As you were previously advised, TNFINC resolved an issue with YRC Freight about YRC Freight’s use of excessive rail and/or purchased transportation in 2022. Specifically, each YRC Freight Road driver who is on the seniority list as of December 31, 2022 and who ran at least 15 trips during 2022 will receive a payment from the Company in the amount of $1,500.00 (subject to applicable taxes and withholdings). Those payments were made on or about January 26, 2023.

Also, attached is a list of eligible road drivers prepared by the Company. Please review the list to make sure that nobody was inadvertently left off. Please contact the freight division if you have any questions.

Again, this issue involves only YRC Freight Road drivers and does not involve Holland, New Penn, or Reddaway. Those other companies either did not use or did not exceed their allowable purchased transportation or rail miles.

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2024 California Teamsters Hispanic Caucus Scholarship Applications NOW AVAILABLE

The California Teamsters Hispanic Caucus is proud to offer its 2024 Scholarship.  The California Teamsters Hispanic Caucus Scholarship digital fill-in form application can be downloaded by Clicking the "read more" button, or a paper copy can be picked up in person at the Union Hall.  The instructions, requirements, and deadline to submit the application are detailed on the application form.
Download: California Teamsters Hispanic Caucus Scholarship digital fill-in form.pdf

Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims

4/18/2024 - The following is a message from John A. Murphy, IBT National Freight Director and Co-Chair, TNFINC: Re: Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims TO ALL LOCAL UNIONS HAVING MEMBERS EMPLOYED OR FORMERLY EMPLOYED BY YELLOW CORPORATION AFFILIATES I.

Teamsters Local 492 Wins Historic Grievance Against Sysco for Members

4/16/2024- It is with great pleasure that I can report to all our members, that Teamsters Local 492 has won a hard-fought grievance for our Sysco brothers and sisters! On April 03, 2020, a grievance was filed to enforce the forty-hour language in our contract.  This grievance was filed during the Walter Maestas administration, in the early stages of Covid-19.

Teamsters 492 Organizing Victory in NM at Southern Glazer’s Wine & Spirits

On behalf of Teamsters Local 492, I would personally like to congratulate all of the workers at Southern Glazer’s Wine & Spirits in this Local's jurisdiction, which includes warehouse workers, loaders, drivers as well as hostlers/yard jockeys.

TForce Freight – Article 44 Rail & Subcontracting Update

TForce Freight – Article 44 Rail & Subcontracting Update The IBT has reviewed the monthly filing by TForce Freight to TNFINC and pursuant to the requirements of the 2023-2028 National Master TForce Freight Agreement’s Article 44. TForce Freight’s for the month of January 2024 was 43.44%, which is under the 45.8% limit as of January 31, 2024.

Correction: Notice of 492 Contact Info

Correction: Notice of 492 Contact Info 1/26/2024- Recently, an email was sent out with incorrect information regarding contact info for our 492 bookkeeper who handles Dues, Life with Dues, and Pension appointments, Monique Montoya. Her correct 492 office phone number is 505-344-1925 Ex. 12.

WCTPT Summary Plan Booklet 2023 Now Available

The Updated Western Conference of Teamsters Pension Trust Summary Plan Booklet 2023 is Now Available in PDF Form. Also, building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust have approved major benefit improvements.
Download: WCTPT_Summary_Plan_Booklet_2023.pdf

Teamsters Local 492
4269 Balloon Park Road NE
Albuquerque, New Mexico 87109

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