Washington, DC: A new five-year National Master Freight Agreement covering ABF Freight System, Roadway Express, USF Holland and Yellow Transportation today received an overwhelming ratification vote from the freight membership of the Teamsters Union.

"We obviously are very pleased that the freight membership of the Teamsters Union has given strong support to the new five year agreement," said Timothy P. Lynch, President and CEO of the Motor Freight Carriers Association (MFCA). "More importantly, this new labor agreement sends a very strong message to the marketplace: these companies have the stability of a long-term labor agreement and all the tools necessary to position themselves as reliable, full service transportation providers today, tomorrow and well into the future."

"Going into these negotiations, both sides understood that maintaining customer confidence was vital to maintaining the economic vitality of the companies and job security for their employees," added Mr. Lynch. "We achieved that goal with an early settlement and now an overwhelming ratification vote."

MFCA is the national trade association representing the unionized general freight carriers. Formed in 1997, MFCA has as its mission to promote the economic interests of unionized motor freight carriers. Its TMI Division represents four authorized companies in the NMFA negotiations with the IBT. Those four companies are ABF Freight System, Roadway Express, USF Holland and Yellow Transportation. Employing some 80 percent of the Teamsters covered by the National Master Freight Agreement, these carriers serve 2.5 million customers in all 50 states and transport 26.3 million tons of freight over 2.2 billion miles each year.

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