James P. Hoffa the worst freight recession in generations. Hoffa and the Teamsters were credited in several news reports for helping YRC avert bankruptcy. Bloomberg said Goldman Sachs helped YRCW complete the debt swap after the 'Teamsters Union said the bank was trying to profit from a failure of the largest U.S. trucker by sales." Hoffa was re-elected to a fourth term heading the Teamsters Union in November 2011. He won nearly 59 percent the vote for another five-year term. The three-way race was between Hoffa, Fred Gegare and Sandy Pope. Gegare is a Wisconsin Teamster, trustee on a pension fund and a
Jimmy Hoffa or imprisoned for virtually all of the 1960s. Hoffa was re-elected, without opposition, to a third five-year term as president of the IBT, despite having been convicted of jury tampering and mail fraud in court verdicts that were stayed pending review on appeal. Delegates in Miami Beach also elected Frank Fitzsimmons as first vice-president, to become president "if Hoffa has to serve a jail term". Hoffa had first faced major criminal investigations in 1957, as a result of the McClellan Senate hearings. He avoided conviction for several years. However, when John F. Kennedy was elected president in 1960, he appointed