Teamster News

Driver Turnover Continues at Elevated Levels, ATA Says

Transport Topics
01/28/2015

Driver turnover remained at elevated levels for truckload fleets of all sizes, inching up one percentage point to 97% at larger carriers and remaining at 94% at smaller fleets, American Trucking Associations reported.

The numbers compared to the second quarter of last year showed sequential stability in both the truckload fleets with revenue of more than $30 million and those with revenue below that benchmark.

Sikorsky Union Placed In Trusteeship After Corruption Allegations

The Hartford Courant
01/27/2015

The International Brotherhood of Teamsters has placed its local at Sikorsky Aircraft into trusteeship, accepting the recommendation of an independent review that found a systemic lack of financial controls that investigators said resulted in thousands of dollars being embezzled by a former president.

Teamsters approve new commercials contract

Los Angeles Times
01/26/2015

Members of Teamsters Local 399 have approved a new contract, avoiding a strike that would have shut down commercial production in Los Angeles.

How UPS gains from law eroding pension protection

The Atlanta Journal-Constitution
01/26/2015

When Sandra Presley’s husband died four years ago, the couple’s retirement income from decades of working for trucking companies dropped by over half.

UPS Prepared Too Well for Holiday Rush and Paid the Price

Business Week
01/26/2015

After missing millions of deliveries on Christmas in 2013, United Parcel Service Inc.(UPS:US) promised it would do better next time. It hired thousands more workers to ensure it could handle a deluge of shipments on its busiest days.

New Law Could Mean Benefit Cuts For Retirees

Wealth Management
01/24/2015

If you weren’t paying close attention to happenings in our nation’s capital around the holiday season - and who could blame you - this might have slipped your notice: Important pension reforms were signed into law that will have dramatic impact on retirement for 10 million Americans.

UPS Lowers 4Q Earnings Forecast on Holiday Costs

Transport Topics
01/24/2015

UPS Inc. said fourth-quarter earnings per share will be $1.25, lagging Wall Street estimates, because of higher costs related to U.S. deliveries during the peak season.

“While [domestic] package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher-than-expected peak-related expenses,” the statement said. UPS also said 2015 earnings would be “slightly below” its prior full-year target of 9% to 13% profit growth.

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