TForce Freight Inc., an operating less-than-truckload company of TFI International Inc. (NYSE and TSX: TFII) and formerly known as UPS Freight, said Thursday it has reached a tentative five-year contract with the Teamsters union.
Teamsters officials were not immediately available for comment.
The contract was set to expire July 31, and the union’s 8,000 or so rank and file had already authorized a strike vote.
In a statement, TForce said it was pleased with what it called the “mutually beneficial” terms. The contract must still be ratified by the rank and file, a step which TForce said should occur relatively soon.
TForce was rebranded shortly after the parent acquired UPS Freight in early 2021 for $800 million in cash.
The Teamsters have already ratified a contract with ArcBest Corp.’s (NASDAQ: ARCB) LTL unit, ABF Freight. It remains at loggerheads with Yellow Corp., (NASDAQ: YELL) another LTL carrier. Talks with UPS Inc. (NYSE: UPS) have stalled less than three weeks before the July 31 deadline.
Charley
Thank you for posting ab this! can’t find up to date info anywhere else
Lavell
👍
Ricardo Barrientos
Praise God
Ka
Let’s see the details for tforce, what’s the rate?
Kent Meacham
Hope they get a contract,However they will be out as long as everyone else because they WONT CROSS A PICKETT LINE OF TEAMSTER BROTHERS AND SISTERS
Rick Powell
When are the employees going to see the contract?
Rob
It better be a offer we can’t refuse. Been short changed the last 10 yrs. It’s our time to stand up for ourselves and get the contract we deserve.
Dick Bischoff
very surprised to see the teamsters reach an agreement with Bedard so quickly. His days of hoping for an O.R. of 80 will never be attained. Congrats to the teamsters, guessing Bedard is crossing his fingers for a Yellow shut down.