January 29, 2009: US trucking company Arkansas Best Corp (ABFS.O) swung to a surprise fourth-quarter loss and said it slashed about 1,100 jobs in the period as the US recession brought "unprecedented weakness" to its business, pushing down both freight volumes and prices.
Click here to read more at Reuters.TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register.
The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter. The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.
