Costco Teamsters were mailed ballots on May 20th to vote on a substandard contract offer. Teamster members and the National Negotiating Committee agree: members need to get informed, talk with other Teamsters, and Vote No on this slap in the face.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Registration is open for the 2022 TDU Convention, October 28-30 in Chicago. Register today and get ready to build union power with Teamsters from across the country.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
Yellow’s proposed change of operations and Utility change of operations will combine Reddaway and YRC in the West, eliminating nine terminals, consolidating others, and creating a large number of Utility Driver positions. The “Super Regional” network plan calls for New Penn to be consolidated in the third quarter of this year, and Holland before the end of this year.
The National Master UPS contract requires eligible Regular Package Car Drivers to opt in to the 9.5 list twice a year. During the pandemic, that requirement was suspended and the 9.5 list was automatically extended. On June 5, the current 9.5 list will no longer be honored by UPS management. It’s time to re-sign. Make sure to sign up and talk to all the drivers at your center about getting signed up to protect your rights.
The Pension Benefit Guaranty Corporation announced last week that it approved a payment of $1.29 billion to the Graphic Communications Conference of the IBT Pension Plan, to prevent drastic pension cuts in the plan, which has 31,715 retirees and working Teamsters.
Today the CEO of TFI International, which owns TForce, gave an upbeat report following a very profitable first quarter. CEO Alain Bedard stated that the new ownership has barely scratched the surface of making TForce a money-maker and may achieve an incredible 80% operating ratio in a couple years.
Hoffa-era contract givebacks continue to pay off for UPS. The company made $3.662 billion in operating profit in the first quarter, a $300 million increase over the same period last year. The money is there and we’re going to come for it in the 2023 contract.