My Thoughts
I am sure that management is busy crunching numbers to decide what to ask for. My guess is to buy out of the pension as they proposed before the contract was signed. That alone would make the company worth more & could give them access to much more credit. The pension liability is the one obligation that nobody knows for sure what it will be years from now. If they were free from this liability they could plan their financing & growth. No doubt funding the buyout would put them back in debt but it would take that Albatross from around their neck.
I think that the pension funds have received their last payment from YRC. At least if ABF bought out of the funds there would be real funds for the trustees to work with & not speculation or promises from a deep in debt corporation.
I also think that Hoffa, Tyson Johnson, & others in teamster leadership positions all the way down to the locals, (business agents & local presidents included), should make the same sacrifice as the rank & file if indeed they approve a cut for the rest of us.
Also I would encourage Wes Kemp to make it very clear that ALL management will take the same cut as we do. Let's all feel the pain & work together to move back to profitability.