Teamster News

IBT Launches Anti-ALEC Campaign at UPS

July 1, 2015: The UPS Package Division has launched a public campaign to call on UPS to drop its support for the American Legislative Exchange Council (ALEC), because of ALEC’s extreme anti-union and anti-worker lobbying.

Sysco Corp. Ends US Foods Acquisition Bid

Transport Topics

Sysco Corp. pulled out of a $3.5 billion acquisition of US Foods after a federal judge blocked the takeover. Sysco now faces a $300 million breakup fee payment to US Foods as well as $12.5 million fee to Performance Food Group, which had agreed to buy some US Foods facilities.

Sysco intends to buy back $3 billion in shares over the next two years.

The Federal Trade Commission in February said it would seek a court order to prevent a merger because it would “eliminate significant competition in the marketplace.”

Senate Funding Panel Includes Twin 33 Provision in Fiscal 2016 Transportation Bill

Transport Topics

Senate appropriators on June 25 voted to include a provision that would allow the use of twin 33-foot trailers nationwide in a fiscal 2016 transportation funding bill. The provision, introduced as an amendment sponsored by Alabama Republican Sen. Richard Shelby, was adopted by a vote of 16 to 14, mostly along party lines. Sen. Jon Tester (D-Mont.) voted favorably on the amendment, while Appropriations Committee Chairman Thad Cochran (R-Miss.) opposed it.

Sysco’s $3.5 Billion Bid for US Foods Blocked by Federal Judge

Bloomberg News

Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants. The Federal Trade Commission’s request to delay the proposed merger was granted by a federal judge in Washington on June 23. The case now shifts to the FTC’s in-house administrative court, where the agency will seek to permanently block the deal.

Taking Action to Elect New Leadership

June 24, 2015: TDU members are joining the petition drive to give Teamsters a choice in the 2016 International Union election. Find out more and how you can help.

Critics question pension cut rules

Pittsburgh Post-Gazette

Six months after Congress approved reducing benefits promised to workers covered by certain troubled pension plans, the IRS and the Pension Benefit Guaranty Corp. have published proposed rules for how pension promises can be broken.