ABF | Getting screwed from both sides

[quote author=JustAWorkingMan link=topic=78966.msg819647#msg819647 date=1270513141]
[quote author=ABF link=topic=78966.msg819364#msg819364 date=1270412076]
I'm voting NO to any givebacks.
Almost every ABF employee I work with,
and those I hear from at other terminals pretty much agree.
NO givebacks.
ABF is nothing like YRC.
I don't fault our brothers and sisters at YRC for doing what they felt they had to do.
They we're probably on the verge of bankruptcy.
I'm also taking a serious look at any Teamster official running for re-election that recommends any unnecessary givebacks.
While we wait for the "in-depth-audit" of the ABF books, this proposal was put forward that offers a different way of thinking, and possibly solves the purported cash flow problem, in a fair way,
without any significant loss of money to the employees:
...
...
In order to address and possibly solve the current liquidity and cash flow conditions of ABF,
and to allow for additional market competitiveness,
the following solution is submitted for consideration as a possible addendum to The National Master Freight Agreement.


Creation of a Liquidity Assistance Witholding Fund
Refered to as:
The LAW Fund

Each payroll period,
the Chief Executive Officer of ABF or duly authorized person shall have the discretionary authority to withold a percentage of pay equally across the board of all ABF employees,
both union and non-union alike, in an amount not to exceed 15%
These funds would be borrowed at 0% interest, and at the complete discretion and use of ABF (the company) for liquidity and cash flow needs,
for any day to day operations, or in any way deemed proper by ABF.
Each employee would have a weekly and total record of funds loaned to the company reflected in their witholding pay-stubs.
The funds would be repaid to any employee in the event of retirement, termination, voluntary quit, or any lay-off exceeding 30 days.
This power and authority would remain in effect throughout the current contract (ending April 2013), at which point repayment in full to all employees, or a renegotiation into the 2013 contract as agreed.
It is estimated that this would make capital available in excess of two-three hundred million dollars ($200,000,000.00-$300,000,000.00) over the next 3 years to ABF,
without any significant permanent loss to the employees.
The company would also be relieved of any strike action as a result of utilizing this provision as long as repayment terms are met as agreed.
In exchange for participation in The LAW Fund and providing the 0% loans, ABF would grant employees the ability to take unpaid days off with proper notice
(in accordance similar to sick day provisions).
This would allow employees the ability to adjust as they deem appropriate,
to these new financial conditions.
...
...
Let's be smart, and not giveback the wages we deserve.
[/quote]






I would like to know where he got that information too!
[/quote]It was probably presented to the ibt & we'll hear about it after the 19th

[quote author=brad31a link=topic=78966.msg819336#msg819336 date=1270403963]
got news for you the world has changed since the 1970s abf can not hide profits think about it and tell me where they hide the money we are not a private company they dont start making money we are all gonna be on street look at are competition they are killing us and take a look at all the union ltls left wow there are so many wake up get your head out of your butt quite living in the past give us younger guys i chance to work hear at abf for a few years and tell me where they hide all the money??????????
[/quote]

They are hiding the money by siphoning off profits from "timekeeper" "upack" and other specialized services by creating different companies. Much like the electric and gas utilities for example ENRON. The utilities used to be self sustaining businesses. Now in order to show a loss these companies are split into several. Generating company, transmission company, distribution company, and last but not least, management company. Everybody bills everybody else, jacking the cost up 5 times while delivering the same product.

Brad, you have some courage taking on nuck. I know for a fact that he knocked heads from 1958 until he retired. That man and a few like him made it possible for you to even talk about this subject. I have a picture of him shaking hands with James R Hoffa after some strikes after battle in 1958 and 1959 that helped shape this Union. If anyone has the right to speak out about anything in this union, he has earned his right the hard way. I just cannot believe that after all these years, he dropped his support of the IBT Generals. There must be more to that story than we know.

Just for the sake of conversation, how is it that a company that makes no profit, even loses a hundred million, paid quarterly dividends EVERY QUARTER OF LAST YEAR. Further, while I have respect for the positions the executives hold, LEAD BY EXAMPLE. You've told our union officials about the need for a monetary give back but give yourselves millions on your own salary. Your concerns dilute themselves by your actions.

We have given all the concessions in Chicago that we are going to give, by way of work rules circumvention, and other issues.

Moving Solutions is basically handled like a shipping partner, with the revenue being realized in ABF U-Pack, EXACTLY as it had been done before. There is no conspiracy to hide money here. Keep on moving.

As for the dividend, ABF has a responsibility to it's shareholders just as it does to it's employees and customers... they drastically reduced the dividend but probably left it at 0.03 just to keep some market confidence. Completely reducing a dividend is seen by the market as a bad omen and usually affects the company in other ways not beneficial to anyone.

Remember I'm laid off YRC.

The way this structure undermines a union company is simple.

Company U, invests in/starts a second non union company. We'll call that A. A starts providing services for U and bills them for the services. A gradually starts increasing the amount it bills U. U happily pays these increasing expenses to show a loss.

A starts reserving the excess profits it generated. It will store the revenue as "owner equity" and NOT pay it out. It just continues to become asset heavy, never forwarding the profits to the owner of its stock. The true owner never complains, because it wants these assets hidden. It may be owned/controlled directly or via an investment firm. Thus U can continue to move its revenues completely off its books and into another company.

I have no specific knowledge of this being done by ABF, however I have worked at a union shop where it was done.

[quote author=ScifiFri link=topic=78966.msg819752#msg819752 date=1270570603]
Moving Solutions is basically handled like a shipping partner, with the revenue being realized in ABF U-Pack, EXACTLY as it had been done before. There is no conspiracy to hide money here. Keep on moving.

As for the dividend, ABF has a responsibility to it's shareholders just as it does to it's employees and customers... they drastically reduced the dividend but probably left it at 0.03 just to keep some market confidence. Completely reducing a dividend is seen by the market as a bad omen and usually affects the company in other ways not beneficial to anyone.
[/quote] A company will continue to pay dividens when they know that the market turn is a short one & expect a quick turn around. also the new companies are being used to cut into profits & up revenue operations. FACT both new companies are located in the abf building in ft. smith both were created after wes kemp refused the union access to the abf books & then sent out the "yrc plan doesn't fit abf" memo....not to even mention the bogus "goodwill charge" which only means that abf purchased a company for more money then it was actually worth & under law are allowed to apply the difference as a loss. they may use this charge once per purchase & has no time limit in which it can be applied.....such as when they bought carolina ...yet they decided to apply it now.....mmmm isn't that convienent by the way it's a accounting practice use to drive down profits !! amazing

[quote author=nuckinfutz link=topic=78966.msg819332#msg819332 date=1270402263]
You know I spent half my life at ABF. I walked the lines, fought beside James R. I have seen the blood spilled, and the parties enjoyed after victory. But never before, in my entire life seen anything like what is going on here today with this company and these so called union officials.

I have read the reports from the last YEAR. I have talked to my friends across this country, and this company has worked so very hard to make a case look good on paper, all the while concealing profits. This company is now run by accountants, that have made their careers making recipes cooking books.

My take on what is going on here makes me freakin sick. In the old days the managers would ask us to tighten up like they did in the 70's. And they survived. They survived the recession of the 70's, deregulation, hostile takeovers, stupid acquisitions, and never asked us for nothing more than to do our jobs right. Now you guys are being beat up for doing your jobs right, they way you're instructed, even if it makes no sense. The books are cooked and the gourmet meal and they are asking you to pick up the check, and leave the tip.

The IBT has some ash kissers, like Tyson, and he is helpin to make the case for the company. Hoffa seems to be on the same page. WTF?

I never in my wildest dreams ever thought I would have to say these words, but here it is. There needs to be a change at the IBT and needs to happen NOW. From top to bottom. If these two man meetings next week recommend you take some pay cut, you tell them to go EFF OFF. Find somebody honest to represent you, and start the petitions to get them on the ballot for next years election. Hoffa, Keegel, Johnson, and every effen incumbent in DC needs to go to the pasture and think about how well they screwed the rank and file membership over the last terms of office after they get voted OUT.

If they manage to get re-elected it is time to take a trip back in time to 1969 and 1970. The Chicago locals the Tyson and his merry men screwed out of their contracts need to join ranks, do like Bill Joyce and Louis Peich (God rest their souls) and tell the IBT to screw off and regain their autonomy. These local unions have all they need without the constant screwing over the IBT seems to be handing out.

There are stewards in the Chicago area that are building a fund to hire legal representation to block any give backs. This fund is growing and is over 10 grand right now, I have given them the leading labor law firm that will represent them, for a fraction of what they normally would cost. This firm usually represents companies, and knows all the tricks the companies pull on the unions. I also put in escrow 50 grand. What ever these guys put together I will match dollar for dollar for what ever they raise from the guys, They will fight any give backs as a breech of contract, take the case to Federal Court.

Stand together, shoulder to shoulder, and most of all fight together. The ABF guys are surrounded by the IBT and the company, in the middle, and cornered all at the same time. There is only one thing to do now, fight back and anyone gets in your way either obliterate or walk over. We know who the enemy is, Tyson and Wes. They think we don't know whats going on. Got news for them.
[/quote]

you know i was'nt around for the big war when you guys fought the fight back in the day(thanks by the way).. but i am damn sure ready to break the treaty and start the war right freaking now..i am so damn tired of hearing how everything that was done then is illegal now... news flash it was illegal then just people had bigger fuller sacks back then and they were done being screwed!!

well i feel like i am getting ready to be screwed and they are trying to fly a stealth bomber up my ass and i dont think i want to let it happen..

so it'll be an absolutely not and a hell no to any concessions and while we are at it i think the whole getting our chicagoland independance back sounds like a great idea...

[quote author=brad31a link=topic=78966.msg819411#msg819411 date=1270426189]
wow hard to argue with that name one none union company who makes more per mile than us or more on the hour ???? i think its great we are paid so well i like my job there are only two 3 union ltls left yrc abf and the new ups freight and you u asked how they pay for all that cause they are not paying for all the pensions of teamsters who never worked for them and they will have a better retirement than us are pension is going broke let abf pay for abf people to retire but all this wont matter its over with just give it time we cant compete why are there only 3 ltls left ? and where are they putting all the big profits? still havent heard maybe things will get better when things pick up hell i dont no but in 5 years at 064 road i have been layed of 6 times and worked only about 3 years or less lets keep it going hell yeah get ready to work for swift jb hunt warner ect im likeing that option
[/quote]

[quote author=nuckinfutz link=topic=78966.msg819332#msg819332 date=1270402263]


There are stewards in the Chicago area that are building a fund to hire legal representation to block any give backs. This fund is growing and is over 10 grand right now, I have given them the leading labor law firm that will represent them, for a fraction of what they normally would cost. This firm usually represents companies, and knows all the tricks the companies pull on the unions. I also put in escrow 50 grand. What ever these guys put together I will match dollar for dollar for what ever they raise from the guys, They will fight any give backs as a breech of contract, take the case to Federal Court.
[/quote]

Several questions on this part of your post:

1- I work in Chicago and we have not heard about this but only from on this forum, so what planet are you living on?
2- You talk of a leading labor law firm but have not provided any further information or fact about them, why is that?
So untill you provide rock solid facts about what you say, you do know this is the internet... right? I could go around claiming I was Hoffa JR and pass around all kinds of bogus information as well. So I will have to say I don't believe it till I see it. Facts and proof of your claim... please feel free to post them here for all of us.

[quote author=brad31a link=topic=78966.msg819411#msg819411 date=1270426189]
wow hard to argue with that name one none union company who makes more per mile than us or more on the hour ???? i think its great we are paid so well i like my job there are only two 3 union ltls left yrc abf and the new ups freight and you u asked how they pay for all that cause they are not paying for all the pensions of teamsters who never worked for them and they will have a better retirement than us are pension is going broke let abf pay for abf people to retire but all this wont matter its over with just give it time we cant compete why are there only 3 ltls left ? and where are they putting all the big profits? still havent heard maybe things will get better when things pick up hell i dont no but in 5 years at 064 road i have been layed of 6 times and worked only about 3 years or less lets keep it going hell yeah get ready to work for swift jb hunt warner ect im likeing that option
[/quote]So Brad do you think that handing them back your money will bring you back to work on a regular basis? Keep buying the BS. I've heard there is a nice brigde for sale in NYC, the Easter bunny told me about it. They took the money off our books that helps ABF to look profitable, Upack revenue. It's amazing that we've only lost money in the last year since YRC began with their givebacks, and they were turned away because of their profits. Low and behold we are now having record losses and there is no end in site. :bash:

[quote author=SCH_ABFer link=topic=78966.msg820393#msg820393 date=1270794292]
[quote author=nuckinfutz link=topic=78966.msg819332#msg819332 date=1270402263]


There are stewards in the Chicago area that are building a fund to hire legal representation to block any give backs. This fund is growing and is over 10 grand right now, I have given them the leading labor law firm that will represent them, for a fraction of what they normally would cost. This firm usually represents companies, and knows all the tricks the companies pull on the unions. I also put in escrow 50 grand. What ever these guys put together I will match dollar for dollar for what ever they raise from the guys, They will fight any give backs as a breech of contract, take the case to Federal Court.
[/quote]

Several questions on this part of your post:

1- I work in Chicago and we have not heard about this but only from on this forum, so what planet are you living on?
2- You talk of a leading labor law firm but have not provided any further information or fact about them, why is that?
So untill you provide rock solid facts about what you say, you do know this is the internet... right? I could go around claiming I was Hoffa JR and pass around all kinds of bogus information as well. So I will have to say I don't believe it till I see it. Facts and proof of your claim... please feel free to post them here for all of us.
[/quote]

Find me in the yard if you want to participate. We haven't gotten to the yard and dock yet.

[quote author=ScifiFri link=topic=78966.msg819752#msg819752 date=1270570603]
Moving Solutions is basically handled like a shipping partner, with the revenue being realized in ABF U-Pack, EXACTLY as it had been done before. There is no conspiracy to hide money here. Keep on moving.

As for the dividend, ABF has a responsibility to it's shareholders just as it does to it's employees and customers... they drastically reduced the dividend but probably left it at 0.03 just to keep some market confidence. Completely reducing a dividend is seen by the market as a bad omen and usually affects the company in other ways not beneficial to anyone.
[/quote]

Right. Shipping partner=added expense.

Let me see, the way it was presented to me, is when a company realizes a profit, you get a share called a dividend. Since we lost over a hundred million dollars, where was the profit? Instead, the company according to you, gave to the 25,300,000 shareholders a published quarterly stipend of 0.15 cents per share. $3,795,000 quarterly or $15,180,000 for the year. Add that to the $63,000,000 goodwill non cash loss on the books and we start to get the idea. There is $78,180,000 AND JUST SCRATCHING THE SURFACE.

Now lets add up all of the useless layover time, useless terminal delays, 4 hour OT pays on CC days off, etc, etc, etc........

How much did they really lose? We will never know. I do know that we have received and are getting new equipment, which is good, except for the Mack tractors, that historically spends more time in the shop than on the road.

At this time I don't blame the company for trying to get discounted labor. I blame the IBT for entertaining this whole venue. Just remember who does what to us when election time comes next year.

[quote author=dockit link=topic=78966.msg819895#msg819895 date=1270611387]
[quote author=nuckinfutz link=topic=78966.msg819332#msg819332 date=1270402263]
You know I spent half my life at ABF. I walked the lines, fought beside James R. I have seen the blood spilled, and the parties enjoyed after victory. But never before, in my entire life seen anything like what is going on here today with this company and these so called union officials.

I have read the reports from the last YEAR. I have talked to my friends across this country, and this company has worked so very hard to make a case look good on paper, all the while concealing profits. This company is now run by accountants, that have made their careers making recipes cooking books.

My take on what is going on here makes me freakin sick. In the old days the managers would ask us to tighten up like they did in the 70's. And they survived. They survived the recession of the 70's, deregulation, hostile takeovers, stupid acquisitions, and never asked us for nothing more than to do our jobs right. Now you guys are being beat up for doing your jobs right, they way you're instructed, even if it makes no sense. The books are cooked and the gourmet meal and they are asking you to pick up the check, and leave the tip.

The IBT has some ash kissers, like Tyson, and he is helpin to make the case for the company. Hoffa seems to be on the same page. WTF?

I never in my wildest dreams ever thought I would have to say these words, but here it is. There needs to be a change at the IBT and needs to happen NOW. From top to bottom. If these two man meetings next week recommend you take some pay cut, you tell them to go EFF OFF. Find somebody honest to represent you, and start the petitions to get them on the ballot for next years election. Hoffa, Keegel, Johnson, and every effen incumbent in DC needs to go to the pasture and think about how well they screwed the rank and file membership over the last terms of office after they get voted OUT.

If they manage to get re-elected it is time to take a trip back in time to 1969 and 1970. The Chicago locals the Tyson and his merry men screwed out of their contracts need to join ranks, do like Bill Joyce and Louis Peich (God rest their souls) and tell the IBT to screw off and regain their autonomy. These local unions have all they need without the constant screwing over the IBT seems to be handing out.

There are stewards in the Chicago area that are building a fund to hire legal representation to block any give backs. This fund is growing and is over 10 grand right now, I have given them the leading labor law firm that will represent them, for a fraction of what they normally would cost. This firm usually represents companies, and knows all the tricks the companies pull on the unions. I also put in escrow 50 grand. What ever these guys put together I will match dollar for dollar for what ever they raise from the guys, They will fight any give backs as a breech of contract, take the case to Federal Court.

Stand together, shoulder to shoulder, and most of all fight together. The ABF guys are surrounded by the IBT and the company, in the middle, and cornered all at the same time. There is only one thing to do now, fight back and anyone gets in your way either obliterate or walk over. We know who the enemy is, Tyson and Wes. They think we don't know whats going on. Got news for them.
[/quote]

you know i was'nt around for the big war when you guys fought the fight back in the day(thanks by the way).. but i am damn sure ready to break the treaty and start the war right freaking now..i am so damn tired of hearing how everything that was done then is illegal now... news flash it was illegal then just people had bigger fuller sacks back then and they were done being screwed!!

well i feel like i am getting ready to be screwed and they are trying to fly a stealth bomber up my ass and i dont think i want to let it happen..

so it'll be an absolutely not and a hell no to any concessions and while we are at it i think the whole getting our chicagoland independance back sounds like a great idea...
[/quote]

What do you think about a nationwide wildcat strike?

According to the DC Velocity report ABF is looking for 15% and a 18 months pension freeze,for starters.We've been hearing similar reports for weeks if not months.I have seen in several in several forums some of our brothers in favor of what ABF would propose.I'm sure in most cases they have only their families in mind.I've been here too many times.Sometimes the management would feed the younger or newer guys{usually bottom of the list like me} what they want to hear,.. it'll bring in new business.... we'll be busy again....the layoff will come down. When your living by the phone you just want to hear something positive and sometimes you'll believe it no matter who's tellin' you. Been there. 32 year Teamster,..8 bankruptcy's, 2 kids, not many ballgames or dance recitals. And they remember.You're working or you're sleeping.I respect the fact this needs to be a personal decision,but it needs to be an educated one.Already our competition is putting their heads together on what to do should ABF get these concessions.You don't think that soon they won't be asking or more like taking additional concessions from their own people in time.Back to square one. We can't compete! Our costs are to high!The pension is killing us!What then!! Will you vote yes for more concessions? I vote No. By the language I hear out there now I'm afraid we have two enemies.The IBT has changed its tune dramatically.Why? I'm not sure only speculation.I believe this attack on our livelihood can only have a chance of being stopped with an overwhelming vote against this attempt to send us back 15 years. And yes I am ready once again to lose my job for what I believe is right.-Chowda

[quote author=mikey link=topic=78966.msg820470#msg820470 date=1270834213]
[quote author=dockit link=topic=78966.msg819895#msg819895 date=1270611387]
[quote author=nuckinfutz link=topic=78966.msg819332#msg819332 date=1270402263]
You know I spent half my life at ABF. I walked the lines, fought beside James R. I have seen the blood spilled, and the parties enjoyed after victory. But never before, in my entire life seen anything like what is going on here today with this company and these so called union officials.

I have read the reports from the last YEAR. I have talked to my friends across this country, and this company has worked so very hard to make a case look good on paper, all the while concealing profits. This company is now run by accountants, that have made their careers making recipes cooking books.

My take on what is going on here makes me freakin sick. In the old days the managers would ask us to tighten up like they did in the 70's. And they survived. They survived the recession of the 70's, deregulation, hostile takeovers, stupid acquisitions, and never asked us for nothing more than to do our jobs right. Now you guys are being beat up for doing your jobs right, they way you're instructed, even if it makes no sense. The books are cooked and the gourmet meal and they are asking you to pick up the check, and leave the tip.

The IBT has some ash kissers, like Tyson, and he is helpin to make the case for the company. Hoffa seems to be on the same page. WTF?

I never in my wildest dreams ever thought I would have to say these words, but here it is. There needs to be a change at the IBT and needs to happen NOW. From top to bottom. If these two man meetings next week recommend you take some pay cut, you tell them to go EFF OFF. Find somebody honest to represent you, and start the petitions to get them on the ballot for next years election. Hoffa, Keegel, Johnson, and every effen incumbent in DC needs to go to the pasture and think about how well they screwed the rank and file membership over the last terms of office after they get voted OUT.

If they manage to get re-elected it is time to take a trip back in time to 1969 and 1970. The Chicago locals the Tyson and his merry men screwed out of their contracts need to join ranks, do like Bill Joyce and Louis Peich (God rest their souls) and tell the IBT to screw off and regain their autonomy. These local unions have all they need without the constant screwing over the IBT seems to be handing out.

There are stewards in the Chicago area that are building a fund to hire legal representation to block any give backs. This fund is growing and is over 10 grand right now, I have given them the leading labor law firm that will represent them, for a fraction of what they normally would cost. This firm usually represents companies, and knows all the tricks the companies pull on the unions. I also put in escrow 50 grand. What ever these guys put together I will match dollar for dollar for what ever they raise from the guys, They will fight any give backs as a breech of contract, take the case to Federal Court.

Stand together, shoulder to shoulder, and most of all fight together. The ABF guys are surrounded by the IBT and the company, in the middle, and cornered all at the same time. There is only one thing to do now, fight back and anyone gets in your way either obliterate or walk over. We know who the enemy is, Tyson and Wes. They think we don't know whats going on. Got news for them.
[/quote]

you know i was'nt around for the big war when you guys fought the fight back in the day(thanks by the way).. but i am damn sure ready to break the treaty and start the war right freaking now..i am so damn tired of hearing how everything that was done then is illegal now... news flash it was illegal then just people had bigger fuller sacks back then and they were done being screwed!!

well i feel like i am getting ready to be screwed and they are trying to fly a stealth bomber up my ass and i dont think i want to let it happen..

so it'll be an absolutely not and a hell no to any concessions and while we are at it i think the whole getting our chicagoland independance back sounds like a great idea...
[/quote]

What do you think about a nationwide wildcat strike?
[/quote]

what do you think about the IBT telling the company that if they try and ask for givebacks again we strike them..
but then we are stuck in the same dilema..is it the company against us or the IBT right along with them..

it is my understanding to legally wildcat a union company the employees would have to request that the National Labor Relations Board end their association with their labor union stating they do not feel the union is being supportive of them and that would take the illegality away from a wildcat..(wikepedia)

i am personally having a problem with the inability to share with us where ABF actually needs money..it seems to closed door and secretive..if they actually were hurting i would think they would come out and show us where they are hurting..

have plenty of examples from members showing where they are falsly claiming losses and nothing from the company showing any loss...unless they are showing it to the IBT and they are'nt sharing something with us...

so if something god forbid does happen and we get a screwing i say we hold out and elect officials who are wanting to represent us openly without doing things behind closed doors with companies...

or if ya all want to walk out i'm there..it is what it is

I don't believe a Wildcat would help us.We would certainly lose customers we would never get back.Why? I don't know but there are shippers7receivers who like us.We have to play this out,hopefully give them a 80-90% No vote and send a message.I do not dispute the fact they are losing money but the economy is turning around.You see it day by day,a few more bills, traffic on the road. I think,no I know if a year ago ABF asked for 5% and a hold on our nickel and dime yearly raise it would have passed.I'm embarrassed to say I may have voted yes.I guess its that lesser evil argument.I think now that they new that,but that's not what they wanted.We're gonna find out soon what is they want.I do believe we may need some outside help.This Labor Law firm if this is true may be the answer,I don't know but if the IBT and ABF have this all worked out you & me aren't gonna beat-em.One last thought for those of you on the fence.A recent story in a major transportation Mag about our dilemma summed it up in their last two paragraphs especially the last one. "Investment research firm Wolfe, Trahan & Co., New York, told its clients on March 16 that a modification to the labor contract would be “a clear step in the right direction for Arkansas Best, after months of the Teamsters’ denying they were even considering a wage reduction.”

The Wolfe, Trahan note said a deal could produce a “big potential boost to earnings per share,” but it said that probably will not happen immediately as details of the agreement remain to be worked out and that, while the economy and the outlook for trucking are improving, they are doing so slowly. Well it tells me the IBT was lying,"in our own best interest of course" but we already knew that.More importantly we have some unhappy stockholders, some unhappy Board of Directors.All they cared about was the "Investors" not the High school Grad who couldn't go to the college of their choice or the family who put vacation on hold or our Brothers working a few days a week.The economy will turn around they will make money like me and you will never see but it will take awhile.Much easier to take yours and my Money$ now! In the great Smokey Bears words. Only YOU!! can prevent forest fires! Put this one out!