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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Five-Year UPS Teamster National Agreement Passes Overwhelmingly, One Supplement to Be Renegotiated 8/22/2023- Today, Teamsters voted by an overwhelming 86.3 percent to ratify the most historic collective bargaining agreement in the history of UPS.

Yellow Update

9/15/2023- A grievance has been filed for ALL members at Yellow in New Mexico.  The grievance covers all vacation hours earned and unused and pro rata, vacation earned from seniority date to closing. This grievance was heard at the September session of MSC. The ruling was that all vacation grievances were to be forwarded to the bankruptcy court and would be paid out through that process.


TEAMSTER LEADERS UNANIMOUSLY ENDORSE TFORCE FREIGHT TENTATIVE AGREEMENT 7/24/2023- Teamsters local leaders unanimously endorsed the new tentative agreement between the Teamsters National Freight Industry Negotiating Committee (TNFINC) and TForce Freight on Monday.

UPS Tentative Agreement Reached

“WE’VE CHANGED THE GAME”: TEAMSTERS WIN HISTORIC UPS CONTRACT Deal Results in Higher Wages, More Jobs, Equal Pay, A/C, MLK Day, Part-Time Rewards 7/25/2023- Today, the Teamsters reached the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.

Yellow/Teamster Negotiations Update 7/25/2023

As you know, Yellow Corp. determined at a board of directors meeting on July 7, 2023, that its operating companies under the NMFA would not make required health and welfare and pension contributions to six different benefit Funds. Specifically, the Central States Health and Welfare and Pension Funds; the Central Pennsylvania Funds and the Western Conference Funds.
Download: Yellow7252023.pdf

Hundreds of NM 492 Teamsters Send UPS Clear Message

Teamsters Local 492 would like to take this opportunity to thank all of you that came out for the 492 Practice Picketing at New Mexico UPS locations including Albuquerque, Alamogordo, Las Cruces, Roswell & Santa Fe NM. Today at the UPS Comanche Center, we had over 300 people show up.

ABF 2023-2028 CBA Now Fully Ratified

ABF NMFA & Supplemental CBA Implementation Schedule 7/7/2023 - Of the 90 eligible voters, the 492 (New Mexico) ABF PU&D Teamsters voted 53-2 to ratify their Western States Pickup & Delivery Supplement.   Please be advised the new ABF National Master Freight Agreement, including ALL Supplements, has been fully ratified by the local union membership.

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

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