June 18, 2009: CEO Zollars said of the U.S. economy that "it looks like things have stabilized," but added that a return to growth was not likely this year.
"We don't expect any meaningful recovery in 2009," he said. "We think things are going to stay flat for quite a while."
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More than 200 Cincinnati Local 100 Teamsters are celebrating a contract campaign victory at Zenith Logistics, a third-party operator for Kroger. Zenith Teamsters ratified the contract unanimously, 118-0. Their new contract includes a nearly $5 raise in the first year and replaces company health coverage with TeamCare.
UPS announced third quarter profits of $2 billion. The company slashed 34,000 operational jobs and Wall Street cheered. UPS shares rose 8%. Make no mistake—this company and its investors don’t give a damn about the Teamsters who create their wealth.
