'Very Different Situation' Struggling unionized LTL carriers post anemic 2Q earnings, eye Teamsters pact The organized, long-haul trucking industry cannot afford the type of lucrative contract increase won by the Teamsters union at $30 billion package giant United Parcel Service, a top LTL chief executive said last week. Yellow Corp. Chairman, President and CEO Bill Zollars said "in many ways the Teamsters know that" the beleaguered unionized sector cannot afford to match the recently agreed upon six-year pact with UPS that guarantees a 22 percent wage boost. A UPS driver, currently earning $23.03 an hour, will earn $28.05 by 2008. Such a wage and benefit boost would cost a unionized freight company with 20,000 Teamsters an additional $60 million annually in labor costs. Unlike UPS, which earned $2.4 billion last year in a down economy, the unionized freight sector is struggling. Last year, ABF Freight System led the Big Four with $79.4 million operating income. Roadway Express earned $30.8 million last year with Yellow Corp. earning $22.7 million and Consolidated Freightways losing $104.3 million.