www.freightwaves.com
No hybrid scam crap all the other Union auto companies Cassens Transport and five smaller carriers want the same deal now too. I love how nobody wants to pay for these pensions. Democrats bailout union pension funds but screw everybody on just social security/disability they should have gotten a $1000 a month increase too.Found this additional info on social media...
NCI will pay FULL wages and benefits that ABF has in the Central Supplement, TeamCare Insurance and Pensions will be.....Next Century’s business model is also based on its participation in the two Teamster multiemployer hybrid pension plans – the Central States hybrid pension plan and the New England Teamsters hybrid pension plan. Next Century would have no withdrawal liability in either of those plans. Its business model includes contribution rates per covered employee would provide accruals greater than the Yellow NMFA contribution rates to those plans. As you know, the Yellow west coast Teamsters are covered by the Teamsters National 401(k) plan. Next Century’s business model is based on a default provision such that any Teamsters members who do not participate in the hybrid plans would become participants in the National 401(k) plan at rates no less than the rates Yellow’s operating companies contributed to the that plan.
With respect to health care coverage, the Next Century model also provides for coverage through Teamsters TeamCare at the same level of benefits and contribution rates as is currently paid by UPS (plus retiree).
Found this additional info on social media...
NCI will pay FULL wages and benefits that ABF has in the Central Supplement, TeamCare Insurance and Pensions will be.....Next Century’s business model is also based on its participation in the two Teamster multiemployer hybrid pension plans – the Central States hybrid pension plan and the New England Teamsters hybrid pension plan. Next Century would have no withdrawal liability in either of those plans. Its business model includes contribution rates per covered employee would provide accruals greater than the Yellow NMFA contribution rates to those plans. As you know, the Yellow west coast Teamsters are covered by the Teamsters National 401(k) plan. Next Century’s business model is based on a default provision such that any Teamsters members who do not participate in the hybrid plans would become participants in the National 401(k) plan at rates no less than the rates Yellow’s operating companies contributed to the that plan.
With respect to health care coverage, the Next Century model also provides for coverage through Teamsters TeamCare at the same level of benefits and contribution rates as is currently paid by UPS (plus retiree).
Lots of terminals and equipment still not sold off. Who knows, interesting to speculate though.
Could just call in 99 Freight or Not Quite a Century.
Maybe "Geriatric Transport", or "GT" for short?
Oh yee of little faith. There's an old saying I've always liked, "Better to have tried and failed than to have done nothing and succeeded." Our human advancement has relied on those who attempt, not those who don't even try. Not equating the attempted startup of Next Century to some earth shaking new development, but why so much negativity? At least someone is trying something. Maybe it will fail, maybe it will succeed, who knows.
Those were warrants worth whatever the stock price was less a "strike price" They were nearly worthless when we got them but had the potential to be worth quite a bit if the stock price went up from that point. It didn't; it dropped like a rock. Then our warrants became completely worthless when they did two reverse splits totaling 1:7500. When the stock finally bottomed out last year at about $1.00, that means the original pre-reverse split shares were worth $.000133, or more simply put, just over 75 shares for a penny.
They sent me a bill, said I owed them for managing a worthless stock.
How does any company start? From 1 person to what ever size it can grow to.
And if they took a lunch break.Rumor is they will be hiring back , not by Seniority , but by amount of days each employee worked and there Work Comp. history and FMLA history and if Dr. Winteroff was there Doctor in the past ??
I read somewhere they would factor in average speed based off of ELD.
And if they drove over 46mph with no mirrors
