All of this due to predatory pricing to kill off YRC. Most everyone suffered that labor. It got pretty ugly for awhile. We Teamster's spoke and helped the cause for our companies. No denying that! Ain't it funny how those riding the pinnacle didn't take a beating as bad as the workers? It never changes. The first at the trough and the last to leave.
FedEx Freight | Congress Passed Pension Cuts
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Pup Driver
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Yeah ABF is doing fine but as give backs go maybe ya should ask ABF management why they play games . UPS is a huge Teamster company . Are you implying that they are in a decline mode ? Fred Smith may hope so but he can keep hoping .
Twice Pipes
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UPS Freight is still an untested commodity. Let's give them a few years to see if they can be a profitable Union LTL Carrier. I think there chances are good since UPS has the reputation of running the tightest ship in the industry. Bottom line, it comes down to a great management team. TP
Twice Pipes
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Back to the topic of the thread, Pension Cuts. Just when I got fat and happy, Congress finally decides to do something, Pension Reform. I'm sure this doesn't effect their pension Plan. If there are any changes to my FXF pension, I'll let you know. TP
Thanks for your great insight great old retired one. Nice to to see you posting on the boards again.
Crazy Trucker
Busting Clowns daily!!!!
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I answer questions you deflect them big difference. By your theory we are struggling to keep the doors open keep dreaming alice your not pulling the wool over this drivers head.
Cornbinder
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Purple Hammer
On Time Delivery
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While I agree that the gains should be shared, the market place will help balance our share. As other companies increase compensation Fedex will have to adjust. With the current demand for drivers coupled with a severe shortage of qualified ones we should benefit going forward. Long term the pitfalls of unionization outweigh the short term possible benefits. History doesn't lie. It is in our favor that management is now very aware of our concerns, and has already addressed many of the punitive safety rules which really started this whole fiasco. Look for further positive change soon.
Pup Driver
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Explain why it is that UPS is a leader in the industry with an all union staff ? I noticed that you didn't comment on my last{ post #63} about ABF, UPS and the union .
Actually, it has a lot to do with Fedx. This bill that was just passed in with the senate budget bill, is far reaching, it will basically end ERISA, which protected all pensions. Now starting with the multiemployer plans, and then extending to the other private plans out there. Today you are not affected, one year, five years maybe 10 years, you will be. One last thing, Teamsters pensions are not controlled or cut by the Teamsters. They are controlled by the government, and has been since the 80"s. I am not here to debate about FEDX joining the union, that is up to you folks. I personally like FEDX, clean trucks, good drivers for the most part, well run , deliver on time, paid good, likeable drivers. The list goes on and on, I just think you will be involved in the protection thingie sooner or later. Merry Christmas and Happy New Year. This is just me ESP!
slavenomore
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http://m.huffpost.com/us/entry/6351190
He who has power keeps power(&money).
The financial sector has the power.
Joining unions brings back the power to we, the people, the backbone and muscle.
This story illustrates that the banks refuse to be forced into selling at a loss. They bought at least 2 years with this lobby.
Yet there will be no bought time for retirees whose pensions will be cut due to the story beggining the thread.
Many will sell homes at loss to survive.
And the banks will sell mortgages for them homes.....enabling them to cook books for 30 more years for each 30 year mortgage sold.
Disgusting.
Do yoy stand with them or people who do what you do?
If they can take down our pensions with all defense that unions have. it will be child's play to take your hard earned retirement money in their retirement system...especially with reduced union numbers and less and less protection.
Wise up, see the truth, and join.
He who has power keeps power(&money).
The financial sector has the power.
Joining unions brings back the power to we, the people, the backbone and muscle.
This story illustrates that the banks refuse to be forced into selling at a loss. They bought at least 2 years with this lobby.
Yet there will be no bought time for retirees whose pensions will be cut due to the story beggining the thread.
Many will sell homes at loss to survive.
And the banks will sell mortgages for them homes.....enabling them to cook books for 30 more years for each 30 year mortgage sold.
Disgusting.
Do yoy stand with them or people who do what you do?
If they can take down our pensions with all defense that unions have. it will be child's play to take your hard earned retirement money in their retirement system...especially with reduced union numbers and less and less protection.
Wise up, see the truth, and join.
Insane Trucker
TB Lurker
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What a line of horse sh**. ^^^^^^^^The unions mismanagement of the funds is why they don't have the money. Stop blaming the banks and evil corporations for YOUR UNION not being able to pay for your retirement.
Fact is many of those troubled funds tried to get it all back quickly and invested in some very bad ventures. Your investment manager could have fallen into the trap too. Crooked deals for sure. Those that wrote the notes should be behind bars. It didn't just hurt the pensions, it hurt our country.
GreenHornet1970
TB Lurker
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The difference here is the tax payers will be the ones bailing out the pensions if they fail where as if my investor had made a bad desicion I would be sh** out of luck. Amother tax payer bailout too will hurt our country.
Cab Lizzard
TB Veteran
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We aren't going anywhere......... Heard that and We are too big to fail................
Don't kid yourself's your about to be passed up by OD.
Their is always someone out their that will sell their sole to the devil to be number 1
And get their off the backs of labor................
Hence the reason for this legislation. Try and let the plans right themselves and not put undo burden on Joe Taxpayer. With the market making a strong showing there is a good chance that many funds will be in the black again. As far as the banks go. They do not deserve consideration again. I wouldn't **** down their throats if their guts were on fire.
Purple Hammer
On Time Delivery
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All of the Fedex drivers pushing for the teamsters should troll the YRC truckingboards site and see how they are blasting their own union over pensions and other issues. The supposed utopia created by unionization actually seems like a form of hell. I haven't checked ABF and the others, but probably more of the same. They just want us to join them in misery I guess. I will take my 401k and fedex pension thank you very much. Probably their retiree healthcare will be the next victim of union greed and mismanagement.
In my opinion, it's close enough. I think the apropos idiom is out of the frying pan and into the fire.
If that is the case, at least the fire generally provides better compensation...
Why do we still have this fixation with YRC? Maybe we should all look more closely at UPS, and UPSF... I'm willing to look closer, but things would have to be pretty unbearable over there to negate their higher overall return.