(The International Brotherhood of Teamsters issued the following news release on July 8.)
WASHINGTON, D.C. — Yellow Corporation today announced its intention to purchase Roadway Corporation. Should this arrangement proceed, the potential impact on tens of thousands of Teamsters at Yellow, Roadway and other unionized carriers is the union’s primary concern.
With public details of the proposal limited, the Teamsters Union is proceeding cautiously in order to protect the interests of its members. Initial reports indicate that the two companies intend to maintain their brand names and operate separately for a period of years, although specific details of an eventual physical merger are not known.
In order to gain a greater understanding of the proposal, General President Jim Hoffa and Vice President and Assistant Freight Director Tyson Johnson are scheduled to meet with the CEO’s of both companies on Wednesday July 9, 2003 in Washington.
Further information will be posted on the Teamsters website at www.teamster.org as it becomes available.