nothumbleenough
TB Lurker
- Credits
- 0
There are no good or bad guys in the pursuit of profits. This is capitalism. It beats the alternative of both socialism and communism every single time.
ABF | What the non union carriers think of us at ABF.
- Thread starter truxforever
- Start date
There are no good or bad guys in the pursuit of profits. This is capitalism. It beats the alternative of both socialism and communism every single time.
Well if we align ourselves with the industry standards then ABF would really be at a great disadvantage. Because in case you had not noticed our once free health insurance is now hundreds and in some cases well over a THOUSAND DOLLARS a month for a retiree. This little deed was done behind the backs of the hard working Teamsters. The sharp rise in our health coverage when we retire was due in part to the IBT taking care of ABF. For decades ABF and all the other companies paid our premiums while working and the cost was factored in so as to cover premiums even in retirement.Now we are burdened with the of millions dollars in insurance premium cost so ABF would not receive a sharp increase in their cost. Again at the end of our careers we pay far more than the non union drivers pay while they are working. So ABF does not want us to match the non union workers share of their premiums. Look this is our first discussion. Don't think that I hate ABF because I don't. I think as a business they are better than many. But I do know at the end of the day they are a business. And I hope at the end of the day they know I will do my best at work and make them as profitable as possible contractually. But they should remember we LOVE OUR FAMILY'S ALSO!
Your the one dancing. They took the money because THEY NEEDED IT! You again opened your trap and placed your foot in it. You started it putting their CEO on a pedestal when he clearly lacks in integrity and Morales as I see it. Just ask the Conway drivers how they feel about his robbing them of their pensions and wages.
Razorbacks
TB Lurker
- Credits
- 0
Muler - you are a wise man. I have followed this forum for a couple of years before joining, and I know you have respect for ABF and all involved. I agree that the discussions are just beginning and topics should be discussed. I, like you and all involved, hope that we again find ourselves at the top of the LTL industry. For this to happen, we will have to determine what is the best path for ABF and the employees to follow. It can and will happen!
That's my point. It is acceptable because of the letters CEO but the letters DRIVER means nothing but someone to take from and earn millions from their hard work. I guess it is just me but I would pay a million dollars for a good DRIVER in a trucking company before I would a good CEO.
nothumbleenough
TB Lurker
- Credits
- 0
YRC Freight is a subsidiary of the parent company YRC and includes other more profitable holding like YRC regional. For the 3Q2012 YRC had an operating ratio of 97.8. YRC Worldwide Reports Second Consecutive Quarter of Positive Operating Income; Regional Transportation Delivers a 93.5 Operating Ratio - MarketWatch
ABF had an operating ratio of 98.1 3Q2012. (look at page 10) http://arkbest.com/news/pr/PDF/2012/3Q_12_Earnings_Release.pdf
Vitran. Seriously, Vitran. You call them our competition. I don't even know what their trucks look like. I won't even take the time to see how small this company is by looking at their revenues. So no, you have not backed up your statement. YRC has a better operating percentage than ABF and freaking Vitran. Please list a company we have heard of.
They are a subsidiary of yrcw you again are mistaken. If you look at the regional s for yrcw they are listed as the profitable subsidiaries. They have yrc national and yrc regional and their OR's are posted separately. And as for Vitran you would be very mistaken.
Please post the amount of profit in dollars and cents for yrc.
truxforever
TB Regular
- Credits
- 66
nothumbleenough; Barely treading water.... 2009 ABF had a net income loss of 127 million. 2010 ABF had a net income loss of 32 million. 2011 ABF had a net income of 6 million. A three year total of 155 million in the hole. ABFS Annual Income Statement - Arkansas Best Corp. Annual Financials
The 2009 lost was not as bad as you think it was made worst by a one time goodwill impairment and pension settlement charge of about 28 mill. The lost was about 99 mill. I do think something has to be done maybe some type of 20 year and out buyout plan. If you have 20 or over you could go now and get your full pension.
ABF Freight Lost $99.9 Million in 2009 | Journal of Commerce
The 2009 lost was not as bad as you think it was made worst by a one time goodwill impairment and pension settlement charge of about 28 mill. The lost was about 99 mill. I do think something has to be done maybe some type of 20 year and out buyout plan. If you have 20 or over you could go now and get your full pension.
ABF Freight Lost $99.9 Million in 2009 | Journal of Commerce
nothumbleenough
TB Lurker
- Credits
- 0
I would suggest you review the link provided about YRC. Consolidated operating ratio for YRC is as I said it was, 97.8. Regional is 93.5, Freight 99.7. The number is combined because they are subsidiary companies of YRC.
This goes to credibility and you're the one who made a claim countering ABF having the worst ratio's in the LTL industry. If you want to use Vitran, go ahead. No one here will give you an once of credibility if that's all you have.
truxforever
TB Regular
- Credits
- 66
The OR of YRC National has always been higher than that of ABF. When you add in the regionals of YRC it drops below that of ABF. For the first nine months of 2012 ( YRC National) it is a 102.4 OR. The situation at long-haul national carrier YRC Freight is improving, but not as financially rewarding. It posted an OR of 99.7 in the third quarter to give it a 102.4 OR for the first nine months of 2012.
YRC reports second straight quarter of operating profit, ekes out slight $3 million net profit - Article from Logistics Management
ABF needs some type of help its has to be something we can all live with in the end. We all know the pension is a big problem, but you have to think about the teamsters who have earned it. The solution has to be fair to all in the end. We should work together to find a solution after all it is our future we are talking about.
YRC reports second straight quarter of operating profit, ekes out slight $3 million net profit - Article from Logistics Management
ABF needs some type of help its has to be something we can all live with in the end. We all know the pension is a big problem, but you have to think about the teamsters who have earned it. The solution has to be fair to all in the end. We should work together to find a solution after all it is our future we are talking about.
Last edited by a moderator:
Razorbacks
TB Lurker
- Credits
- 0
Truxforever - your last paragraph says it all in a nutshell. The platform for the future must be different but must protect the past generations and those about to retire. It undoubtedly will take sacrifices from all ABF employees, but it can be accomplished. The no concession, no give-back mentality will not accomplish goals ensuring the longevity of the company. Many second and third generation ABF'ers exist and if we want that kind of legacy for the next generation, then the time for a new beginning is upon all of us. ABF doesn't have to be the most profitable carrier, but we can't continue to be the last. If we hit this out of the park and create lasting jobs because of market gains, then other industry employees will notice and be more willing to jump on board. If we want the Union to be a lasting entity in our sector, then we must make it economically viable and attractive to the company and employee.
D
Docker
Guest
Typical managenmt ideal right here in this statement of yours Razorbacks..."It undoubtedly will take sacrifices from all ABF employees, but it can be accomplished". That is...except for top management of course...right? And before you try and claim that this would be a team sacrifice by all...including top management...let's hear it from your own words:
That’s a nice philosophy you live by…"it is what it is". Let’s all just go through life with that attitude…hell…if our forefathers thought that way…we would still be under England’s rule.Would we be where we are today if the Teamsters of the past had that mentality? You say that you only concern yourself with things that are in your control…well…so do I. I can’t control what our CEO’s salary, benefits or perks may be or really care for that matter…what is under my control is my ability to keep them from coming and taking away from me that they aren’t willing to take from themselves…which Judy’s raise makes abundantly clear.
You talk about sacrifices and "the no concession, no give-back mentality"...how about the sacrifices made by all the Teamsters of the past to get us what we have today? What about those sacrifices? Now...as you say..."We are a 2 billion dollar a year company, and CEO pay will reflect that...and I say...and so will the worker's pay and benefits...it is what it is!
Here's a question for you...how much did the company spend in trying to persuade us to accept the concessions? By the way...nice touch on those DVDs that were sent to each and every worker's home...wanted to make sure the spouses got your perspective too...right?
turbo blue 55
TB Lurker
- Credits
- 0
i work at conway and it puts food on my table and clothing on my kids backs.it is a job that pays me well ,i dont hate the union ltls i have many friends working for the union carriers i have no ill will towards them as they are good people,whether a man provides for his family with the backing of a contract bears no weight with me,i simply dont care.i dont care what the guys at the top make ,i only care what i make,i goto factories each day where people make half what i do in jobs the hate and i actually enjoy my job,so i guess i am lucky..
D
Docker
Guest
I would suggest that you go back and start playing in your sandbox again...after all...we have a real representitive for management here now with more intelligence and intellect than you could ever dream of having. So...just sit back and let the pro take over and quit embarassing yourself...it's doing more harm than good by you representing the company.
Razorbacks
TB Lurker
- Credits
- 0
Docker - at the end of the day, does it matter that I work at the GO in lower level management? I can assure you that I am in the middle of the road, if not below the average ABF (union or non) salary. Earlier in this thread, I provided a few items that I believe to be a priority for ABF’s success. I didn’t sign up at anyone’s request, and I don’t have aspirations to “hi-jack” this forum. I have witnessed a once prosperous company steadily decline over the previous four years. I have enjoyed my career at ABF, and I am as concerned as anyone about the future of the company.
To specifically address your comments: I don’t have an argument for/against ABC/ABF executive level pay. Large corporations around the world have always had historically large compensation packages. Teamsters have set a precedence and have worked for years to better the industry, but the sector climate has evolved. What worked 20 years ago simply doesn’t work now in this environment. I understand that nobody wants change but without it, how is ABF and the Union going to survive? ABF and YRC are at the very bottom with regards to growth and income. ABF has to modify its cost structure to be a player in this game, and it’s that simple.
I enjoy the benefits of having a decent income in a town where I am comfortable. I don’t like thinking about moving my family to another location just to chase a job. I am not disrespectful and have no hidden agenda. I am simply providing my thoughts on what ABF and the Union need to accomplish to ensure survival. If you and Muler want me to leave this forum, then I will. I don’t have all ( if any) of the answers, but I am as concerned as you.
By the way, we didn’t all get together at the GO to develop the DVD. 95% of the GO consists of regular people with average salaries, and I belong to that category.
To specifically address your comments: I don’t have an argument for/against ABC/ABF executive level pay. Large corporations around the world have always had historically large compensation packages. Teamsters have set a precedence and have worked for years to better the industry, but the sector climate has evolved. What worked 20 years ago simply doesn’t work now in this environment. I understand that nobody wants change but without it, how is ABF and the Union going to survive? ABF and YRC are at the very bottom with regards to growth and income. ABF has to modify its cost structure to be a player in this game, and it’s that simple.
I enjoy the benefits of having a decent income in a town where I am comfortable. I don’t like thinking about moving my family to another location just to chase a job. I am not disrespectful and have no hidden agenda. I am simply providing my thoughts on what ABF and the Union need to accomplish to ensure survival. If you and Muler want me to leave this forum, then I will. I don’t have all ( if any) of the answers, but I am as concerned as you.
By the way, we didn’t all get together at the GO to develop the DVD. 95% of the GO consists of regular people with average salaries, and I belong to that category.
I am sure changing some work rules can save the company money. I also know you say that the pension is the problem. I would like to know what you think should happen about the pension, and will our ABF members still have a pension that we will be able to retire on.
Last edited by a moderator:
nothumbleenough
TB Lurker
- Credits
- 0
I guess you leave me no choice but to Felicaino your @55. As in Jose Feliciano. Feliz Navidad, Docker!
Feliz Navidad - YouTube
nothumbleenough
TB Lurker
- Credits
- 0
Would you and your fellow drivers prefered an organized effort to fight the wage and 401k reduction when the company mandated the changes back in 2008?
D
Docker
Guest
It's not up to Muler or I on who posts on this forum and you have that right just as much as anyone else. Although Muler is the Moderator of this forum...I...myself...am a nobody and don't have a right to tell any other member where to and where not to go.You do see us argue with trolls time to time because of their sole reason to come and just disrupt our forum because of their own personal dislike for ABF or the ABF Teamsters for one reason or another. I know that you are respectful and my replies back shall be the same. As for your no hidden agenda...I can say that you came here stating your true intentions right off the bat and not trying to hide the fact of who you really are...that I respect!
I would like very much to hear what you have to say...I don't have all the answers either...and who knows...maybe some good can come out of this...on both ends.