
Originally Posted by
Apostolic
Here is a history lesson about the Overnite strike for you young-ins.
That informational strike,I believe was back in 1999 when 'H. junior was running for Teamster president against a TDU guy.
When we Overniter's were being harassed by picket lines,and strikers pestering our national customers?
Teamster members struck us from 1999 till Hoffa said the heck with you guys,you will never join our union.
Ending their strike action in 2001.
His campaign platform was that he was going to organize Overnite,or put them out of business.
I have a pretty good memory,as I hired on with Overnite in 1981,and retired in 2008.
So yes I do remember that a lot of us Overniter's were not happy with J,Hoffa's attitude that he had of organizing us, or putting us out of business.
All in the name of him being re-elected as the Teamsters president.
Back in those days we were owned by Union Pacific Rail Road.
By the time the Teamsters got done with Overnite,our company had been greatly devalued.
The Rail road wanted to dump us, UPS wanted to do a buy out,but didn't want anything to do with the Teamsters actions against us.
So the Overnite big wigs offered Overnite stock to go public,all of us employees were offered to buy in at a reduced rate,on a payroll deduction.
So at that time the Overnite management did a buy back from Union Pacific.
By the way one of the largest stock purchases was made by the original owner of Overnite who sold the company to Union Pacific.
Hardwood,C, he also sat on the board of directors,until about a few months shy,of a year later,UPS came and bought up all of the stock.
Not only the outstanding stock,but the stock holders stock,they wanted it all,that was in 2005.
Now if there was any back door deals it was back then,because UPS paid a little more than the going price of the stock.
So anyone that had shares made out,pretty good.
After we were rebranded here came the Teamsters once again,this time seems with UPS's blessings.
I went to some of the organizing meetings,at which time we were informed, we would never be apart of the National Master Freight Agreement.
That we would have our own custom made first time contract.
Well now you all know the rest of the story.
I was a Teamster for a bit over 20 years before I hired on with Overnite,after my Union company had gone bankrupt.
At that time I took a withdrawal to save the years I had invested in my Teamster pension.
2 weeks before I retired,I got re-instated when my terminal voted in the union.
I am currently drawing the old Overnite pension I had 22 years,as well as the 20yearsTeamsters pension,so in the long run it all worked out for me.