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.