Less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) and the Teamsters have agreed to implement hiring bonuses for new CDL drivers. In a Tuesday memorandum to local unions representing YRC Freight, New Penn and Holland, the negotiating committee of the Teamsters informed the rank and file that a new-hire bonus of up to $7,500 could be paid to drivers.
The memo highlighted a provision for increased wage rates previously laid out in the national master freight agreement (NMFA), which was