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
James P. Hoffa failure of a second version of the program in October 2011, and challenged it in federal court. In September 2010, President Obama appointed Hoffa to the Advisory Committee for Trade Policy and Negotiations. On September 5, 2011, he caused some controversy when introducing President Obama at a Labor Day rally in Detroit, Michigan. In his remarks, an animated Hoffa stated "We have to keep an eye on the battle we face—a war on workers. And you see it everywhere there is the Tea Party. And you know there is only one way to beat and win that war. The one