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Sysco Profits Up

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.

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Yellow Change of Operations: “Super Regional” Network Begins

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.

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9.5 List Signing Resumes for UPS Drivers

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.

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31,715 Graphics Teamsters’ Pensions Are Now Protected

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.

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TForce: Profits are Up and the CEO is Bullish on the Future

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.

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UPS Profits Are Up Yet Again

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.

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