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
Foreign trade of the Soviet Union the two countries. In 1987 total trade between the United States and the Soviet Union amounted to US$2 billion. The Soviet Union exported chemicals, metals (including gold), and petroleum products in addition to fur skins, alcoholic beverages, and fish products to the United States and received agricultural goods—mostly grain—and industrial equipment in return. The value of exports to the Soviet Union in 1987 amounted to US$1.5 billion, three-quarters of which consisted of agricultural products and one-quarter industrial equipment. Competition from other parts of the world, improvements in Soviet grain production, and political disagreements between the two countries adversely affected American