truxforever
TB Regular
- Credits
- 66
A severe "Qualified" driver shortage....and the ability to pick up a large pool of automatically "Qualified" drivers may outweigh any negative debt factor.
It would also place those drivers,...provided we're talking about ABF buying YRC,...back into the full pension scale,...as mentioned above...Would cure a lot of pension "ills".......
Now,....back to reality..........Do we think Hoffa and crew will allow this? Why did they allow a crippling buyout by UPS of their biggest fund? Why did they allow the second-largest contributor of most funds....to get away with only 25% of their pension contributions,...? For how many years?....
Mr. Hoffa originally supported the Kline-Miller Act,...which amended the ERISA Act of 1974 to allow pension cuts to retirees,...based on Thomas Nyhan's recommendation....When he .........woke up out of his ..coma.. and saw how wildly unpopular that legislation was,...he put on his acrobat costume and did a backflip.....
What......He didn't realize that BEFORE his support of the pension cuts?
I don't see Mr. Hoffa pushing for,...or allowing,....a potential sale of YRC,...especially to ABF. There seems to be some sort of obstruction emanating from his office,....even though a combination of the companies would....cure a lot of problems,....and, more importantly,...restore a National Master Freight Agreement,..covering just about all Union LTL carriers......
Why he destroyed his father's Life's Work is beyond me........
And ....Don't Forget!....Once we have ABF,YRC/Roadway/Holland/New Penn under the ABF NMFA,......we've got to start the push to get UPS Freight under that contract!.....
Yeah,....Right.......
If I remember ABF was already offered that deal before by the Union, which ABF turned down.