ABF | no more ABFS

cropduster

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Corporate is using some of our 7% wage reduction to RE BRAND the company name. Arcbest is the new corporate name trading as ARCB
 
the whole release i seen earlier is on the company website. ABF.com I am going to love using our new slogan "The skill and the will"
The skill I have. The will went away when corporate forgot that I had the skill
 
I don't much care what they call the parent company or how much they spend of ABCs money making that change. What does interest me is how many more peas ($$$) are they going to move from the ABF shell over to the ABC (ArcBest) shell with the blessing of our douches in charge. Our bogus bonuses are predicated on ABF profits not ArcBest profits. :ranting2:
 
They are moving all of the profitable segments out of ABF Freight. Next will come the sale lease back of every asset that they can do this with while the cash will go to ArcB. They will assign as much debt as possible to ABF Freight and then spin off ABF Freight to the shareholders. ABF Freight stock will sell for around $2.50 until the next recession and then will sell for 25 cents. ArcB will be free of the pension nightmare and the union in this move just like ConWay and SAIA.
 
But...but...but...we have a contractual bonus, which is based on ABF's profits not ABC's or Arcbest's. Our union won't, can't, wouldn't consider letting all that happen.
 
But...but...but...we have a contractual bonus, which is based on ABF's profits not ABC's or Arcbest's. Our union won't, can't, wouldn't consider letting all that happen.

Amazing!.....How quickly,....with veritable corporate lightning speed.....they've figured out a way to renege on the so-called "bonus" program! I hope the cubicle-rat that thought this one up got his,...or her...."bonus" We've only just ratified the contract in November with our new Ground-Breaking Bonus Program,.......and they've already figured out a way to hide the profits the "bonuses" will be based on. A tiny little "bonus" check is better than none, anyway, in the Corporate people's eyes.......besides, we're just truck drivers.........we'd spend all that big, giant "bonus" in a chrome shop for our pickup trucks, ...or at a bar,.....or worse. No sense giving a big "bonus" to people too stupid to know how to use it,.....like investing it in that crapshoot known as the stock market,......or,....maybe,....buying your boss a big birthday gift. That's always a good "investment" Certainly much better than spending it on something so mundane a a vacation,...or your family,....or college.....Oh!.....Brother ABFer!......did you mention our Union? Were they involved with our contract, or something? I seem to remember getting some mail, and a few phone calls from them last year,...........Curious,....because they never paid attention to me before,........and they certainly aren't now.........
 
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