lmart is the largest private employer in the United States, with 1.4 million employees. The company, which is number one on the Fortune 500 in 2013 and number two on the Global 500, had $16 billion in profits last year on revenues of $473 billion. The Walton family, who owns more than 50 percent of Walmart shares, reaps billions in annual dividends from the company. The six Walton heirs are the wealthiest family in America, with a net worth of $148.8 billion. Collectively, these six Waltons have more wealth than 49 million American families combined.
An 18-day bus drivers’ strike in Burlington, Vermont, ended in a win April 3 when drivers ratified a new contract 53-6.
Leaders of the International Brotherhood of Teamsters are asking YRC shareholders to vote against a number of proposals concerning executive compensation at YRC Worldwide Inc.
U.S. Transportation Secretary Anthony Foxx visited several critical freight corridors during an eight-state bus tour last week, saying the future sustainability of America’s roadways depends on Congress addressing the infrastructure funding crisis.
The American workforce might want to pay attention to all those brown trucks full of cardboard boxes. UPS is using technology in ways that may soon be common throughout the economy.
April 15, 2014: The Central States Pension third quarter 2013 financial report shows that assets increased to $18.2 billion, due to the run-up of the stock market last year.
April 16, 2014: The Louisville Worldport Air Supplement “final offer” from UPS management was rejected by a whopping 94% last week. That’s Teamster solidarity.
April 15, 2014: The New York TDU Chapter is hosting a Bowl-a-Thon to build solidarity and raise funds for rank-and-file reform and grassroots union democracy.
The pensions of millions of Americans are being threatened because of trouble in a part of the retirement world long considered so safe that no one gave it a second thought.