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 a case for his union leadership skills being of more value to the nation, by keeping freight running smoothly to assist the war effort. At the 1952 IBT convention in Los Angeles, Hoffa was selected as national vice-president by incoming president Dave Beck, successor to Daniel J. Tobin, who had been president since 1907. Hoffa had quelled an internal revolt against Tobin by securing Central States regional support for Beck at the convention. In exchange, Beck made Hoffa a vice-president. The IBT moved its headquarters from Indianapolis to Washington, D.C., taking over a large office building in the capital in