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  1. #1
    I Am Rocking Now

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    Feb 2008
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    ABF
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    Default What does this mean to us

    Well my ABF BROTHERS as you have heard by now YRC has just won another round of talks from the TEAMSTER'S. If it affected only the YRC TEAMSTER'S that would be one thing. But it doesn't just affect them. Our company is going to endure harder economic times. In the words of our GREAT PRESIDENT. This economic relief package will allow YRC to discount freight more allowing them to grab a larger market share. It will allow YRC to jeopardize the pension funds and all the TEAMSTER'S that had earned their retirements. And we will not even have a say so in the matter. For the most part you all have stayed united with our YRC BROTHER'S. But now our families will be in harms way for no fault of ours. And the very people we entrusted to protect our families and us from corporate greed have allowed Dollar Bill to control the TEAMSTER'S and OUR FUTURES. I like all of you will sit back and watch as YRC destroys our way of life. So tonight if you hear a strange sound that will be the thousands of deceased TEAMSTER'S rolling over in their GRAVES! And the one screaming the loudest will be JAMES R. HOFFA. Good Luck and GOD BLESS YOU ALL. YOUR BROTHER ALWAYS!
    Last edited by MULER; 07-14-2009 at 10:17 PM.

  2. #2
    Getting In The Groove Now.

    Join Date
    May 2009
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    251
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    YRC
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    Providence, RI
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    Default Re: What does this mean to us

    If you put all of that together, we are going to be well placed to make it no matter what happens going forward," he added.
    YRC Chief Executive Bill Zollars told Reuters in a telephone interview. "It is very significant for us to have this cushion."

  3. #3
    Resistance is futile.

    Join Date
    Nov 2007
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    YRC-Roadway
    Location
    North Carolina
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    Default Re: What does this mean to us

    You could wish for Dollar Bill to buy ABF and then the effects that you say is going to happen to ABF will be legit.

  4. #4
    I Am Rocking Now

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    Feb 2008
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    ABF
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    Default Re: What does this mean to us

    He doesn't have to buy ABF. He controls all the union freight division. Dollar Bill controls the pensions he controls the UNION.

  5. #5
    Resistance is futile.

    Join Date
    Nov 2007
    Local Union
    391
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    YRC-Roadway
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    North Carolina
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    Default Re: What does this mean to us

    Quote Originally Posted by MULER View Post
    He doesn't have to buy ABF. He controls all the union freight division. Dollar Bill controls the pensions he controls the UNION.
    No he don't, we (yrcw) voted yes last time. And this time it will be what it will be, but the YRCW Teamsters have a vote.

  6. #6
    Getting In The Groove Now.

    Join Date
    Apr 2009
    Local Union
    5
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    ABF Freight Systems
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    Louisiana, Usa
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    Default Re: What does this mean to us

    The pension funds are all underfunded, what do you think the 18 months of no payments will do to the funds. Say bye to the funds and your future, they will never recover. The 18 months equal about 600 million. The funds can't recover the time value of money. ABF will not sit back and do nothing.

  7. #7
    Getting In The Groove Now.

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    Mar 2009
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    ABF
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    USA
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    Default Re: What does this mean to us

    get ready to be bent over

  8. #8
    Getting In The Groove Now.

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    Jan 2009
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    usa
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    Default Re: What does this mean to us

    Quote Originally Posted by Truxforever View Post
    The pension funds are all underfunded, what do you think the 18 months of no payments will do to the funds. Say bye to the funds and your future, they will never recover. The 18 months equal about 600 million. The funds can't recover the time value of money. ABF will not sit back and do nothing.
    this is not a factual statement, western conference is in very good shape. can't speak for the others.

  9. #9
    Getting In The Groove Now.

    Join Date
    May 2009
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    YRC
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    Providence, RI
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    Default Re: What does this mean to us

    Quote Originally Posted by Truxforever View Post
    The pension funds are all underfunded, what do you think the 18 months of no payments will do to the funds. Say bye to the funds and your future, they will never recover.
    The 18 months equal about 600 million. The funds can't recover the time value of money
    . ABF will not sit back and do nothing.
    Ya, but don't forget that's $600 million that YRC doesn't have to pay into the fund and they don't have to pay it back. If they make it by 18 months then they resume payments if they don't. Oh well we tried

  10. #10
    One More Time

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    Mar 2008
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    RoadWay Express
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    In the Ozarks
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    Default Re: What does this mean to us

    Quote Originally Posted by graboltski View Post
    Ya, but don't forget that's $600 million that YRC doesn't have to pay into the fund and they don't have to pay it back. If they make it by 18 months then they resume payments if they don't. Oh well we tried


    Good point but if they close the doors take 18 months times 10 and you have 6 billion dollars, minus the 600 million you have 5.4 billion (provided they are around 10 years, I for suspect they will be)... Sometimes you have to look beyond personal need too see the big-picture.. (I learned that in my "Smith-System's-training )

 

 
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