Teamster News

New Law Could Mean Benefit Cuts For Retirees

Wealth Management
01/24/2015

If you weren’t paying close attention to happenings in our nation’s capital around the holiday season - and who could blame you - this might have slipped your notice: Important pension reforms were signed into law that will have dramatic impact on retirement for 10 million Americans.

UPS Lowers 4Q Earnings Forecast on Holiday Costs

Transport Topics
01/24/2015

UPS Inc. said fourth-quarter earnings per share will be $1.25, lagging Wall Street estimates, because of higher costs related to U.S. deliveries during the peak season.

“While [domestic] package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher-than-expected peak-related expenses,” the statement said. UPS also said 2015 earnings would be “slightly below” its prior full-year target of 9% to 13% profit growth.

It’s time to fight back

"I hauled cars out of Selkirk, New York for 31 years. I worked for a number of different companies – Automobile Transport, Nu-Car Carriers, Anchor Motor Freight, M&G Convoy, Leaseway, Ryder and finally, Allied. I retired in 2002."

With end of Teamsters supervision, an era passes

Politico
01/15/2015

The U.S. government is ushering in a new era for the Teamsters, ending its 25-year supervision of a union once infamous for its ties to organized crime.

Teamster corruption has held the federal government’s attention since the late 1950s, when Robert F. Kennedy first pursued the matter as counsel to the Senate Select Committee on Improper Activities in Labor and Management, also known as the McClellan committee. Kennedy continued to investigate the Teamsters after he became attorney general in 1961, and those investigations continued in one form or another through the 1980s.

Teamsters’ 25 Years of Federal Oversight to End

The Wall Street Journal
01/15/2015

The International Brotherhood of Teamsters and the federal government said Wednesday they had reached an agreement to end 25 years of strict oversight designed to root out corruption and alleged Mafia influence in the union’s highest ranks.

Teamsters Save Their Right to Vote

January 14, 2015: Teamster members’ Right to Vote will be protected under fair rules and independent supervision under a motion filed in court today on the future of government supervision in the Teamsters Union.

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