EXHIBIT 10.1 TEAMSTERS NATIONAL AUTOMOBILE TRANSPORTERS INDUSTRY NEGOTIATING COMMITTEE GENERAL MONETARY AGREEMENT May 31, 2003 WAGES: Increase all wage rates as follows: Article 22 - Tentative Agreement CENTRAL-SOUTHERN AND EASTERN LOADED MILEAGE AND HOURLY RATES: Effective: June 1, 2003 Freeze June 1, 2004 Freeze June 1, 2005 $0.0200 per mile $0.40 per hour June 1, 2006 $0.0200 per mile $0.40 per hour June 1, 2007 $0.0250 per mile $0.50 per hour WESTERN RUNNING MILEAGE AND HOURLY RATES: Effective: June 1, 2003 Freeze June 1, 2004 Freeze June 1, 2005 $0.01000 per mile $0.40 per hour June 1, 2006 $0.01000 per mile $0.40 per hour June 1, 2007 $0.01250 per mile $0.50 per hour CENTRAL-SOUTHERN, EASTERN AND WESTERN DRIVEAWAY MILEAGE AND HOURLY RATES: Effective: June 1, 2003 Freeze June 1, 2004 Freeze June 1, 2005 $0.01000 per mile $0.40 per hour June 1, 2006 $0.01000 per mile $0.40 per hour June 1, 2007 $0.01250 per mile $0.50 per hour - ---------------------------------------------------------------------------------------------------------------------- DRIVEAWAY SUPPLEMENTS Add language that provides for a freeze on wages in effect May 31, 2003 for backhaul trips. - ---------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- COST-OF-LIVING ALLOWANCE: The cost-of-living allowance will be frozen for June 1, 2003. Revert back to current contract formula for June 1, 2004, June 1, 2005, June 1, 2006 and June 1, 2007. - ------------------------------------------------------------------------------- CROSS BORDER: Language to remain as in current contract. - ------------------------------------------------------------------------------- HEALTH AND WELFARE AND PENSION: Contributions to be increased as follows: Effective: August 1, 2003 $24.00 per week August 1, 2004 $24.00 per week August 1, 2005 $24.00 per week August 1, 2006 $24.00 per week August 1, 2007 $28.00 per week - ------------------------------------------------------------------------------- HOLIDAYS: No Change - ------------------------------------------------------------------------------- VACATIONS: No Change - ------------------------------------------------------------------------------- FUNERAL LEAVE: No Change - ------------------------------------------------------------------------------- SICK PAY: No Change - ------------------------------------------------------------------------------- JURY DUTY: Increase to fifteen (15) days per year. - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- MILITARY LEAVE: Increase twelve (12) month health & welfare contribution period to eighteen (18) months. - ------------------------------------------------------------------------------- TOOL ALLOWANCE: June 1, 2003 No Change June 1, 2004 No Change June 1, 2005 2.0% increase June 1, 2006 2.0% increase June 1, 2007 2.5% increase - ------------------------------------------------------------------------------- OWNER-OPERATORS: No Change - ------------------------------------------------------------------------------- SKID DROPS: Increase all rates as follows: Effective: June 1, 2003 No Change June 1, 2004 No Change June 1, 2005 2.00% June 1, 2006 2.00% June 1, 2007 2.50% - ------------------------------------------------------------------------------- FLAT, ZONE, SHUTTLE, INCENTIVE, LOADING, UNLOADING RATES: Increase all rates as follows: Effective: June 1, 2003 No Change June 1, 2004 No Change June 1, 2005 2.00% June 1, 2006 2.00% June 1, 2007 2.50% All other rates to remain unchanged. - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- EASTERN AREA SUPPLEMENT ARTICLE 46, SECTION 5 Reload rate as follows: Effective June 1, 2005 $3.25 Effective June 1, 2006 $3.50 Effective June 1, 2007 $3.75 - ------------------------------------------------------------------------------- MILEAGE DETERMINATION: No Change - ------------------------------------------------------------------------------- SHIFT PREMIUMS: No Change - ------------------------------------------------------------------------------- DURATION: Five (5) year contract.