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ABF | A Ratified Labor Deal Could Boost ABF Stock Price!

canaryinthemine said:
Health care costs were rising out of control...that was why the Affordable Care Act was made policy. A number of important provisions were gutted out of the bill through pressure by lobbyists from the health care/ pharmacutical industries. The insurance companies are doing their damnedest to raise prices as far and as fast as they can,...because on Jan. 1, 2014, the party's over for the insurance industry. So it's the government's fault that insurance companies are so greedy? In the NMFA, your health care/ pension costs were fixed....$1.00 an hour/40 hours raise once a year on August 1st for five years....2008 to 2013. The $1.00 was split by the Trustees of the two funds as best as they saw fit. Neither ABF or anyone else in the NMFA.....YRC, et al,.....got any more than the split out of that $1.00 an hour/ 40 hours per year. So our health care/ pension costs could be calculated as a fixed cost over a 5 year period. Why would any company want to change that? As for a weekly/monthly charge to help maintain a company health care plan?.....you've got to be kidding me. That would be just a surcharge for stupidity....you mean each health plan can't negotiate a group rate that would fit into the amount of negotiated money set aside for our health care? Surely not! We've been doing it for years.....and after Jan.1, 2014,...it'll be like car insurance....raise the rates on this group of 5000 or 6000 people?....switch to another company....no more kickbacks to employers for group plans. After Jan. 1, 2014,...the insurance companies will start cutting each others' throats.....and rates....to pick up business to cover costs that will be mandated. Oh....and 80% of the health care dollars spent on you MUST go toward your health care, ...instead of the 35%-40% that's spent now.....the rest going to "administrative" costs. Any wonder why the health insurance industry is going ballistic....screaming "Socialist!", "Communist!" or anything else they can think of to get you to call your Congressman and tell him to repeal Obamacare......and restore the gravy train to the health insurance executives.........
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Oh get over it, and accept Obamacare is making things worst. It doesn't promote competition, and competition is the only thing that can drive down costs.

Everyone is now paying towards thier including government union employees, what makes us so damn special?
 
Boilerpeddle said:
Doesn't mean anything.
They have to go through the two man meetings before they can release the details, that just the way it works. Its not official until then.
I heard it can take two weeks.
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Nope, just the way it works when they are trying to shove it up our azzes.
 
Stoney said:
Sad to say, yes. Us employees are just a cost of business.
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When I'm having an argument with management, and they start complaining about costs of labor, I always ask them: "What's more important?, People,....or Business?' I can answer that in one word. When any business starts making employees' lives worse,. or ruining their future,....or the environment,....or their customers' bank accounts,...or the safety of the public by running unsafe equipment,.....does that company have a moral right to keep operating? And.....if it's doing some,...or all of those things , merely to enrich investors......at the expense of the employees and customers and general public, do the investors,...shareholders...have a moral dilemma accepting those profits? Of course, I am presuming there are people in business who actually think about morals. We should not be regarded as an impediment to profits..........after all, if you pay us enough, we could actually be consumers, too..........which is really the whole idea behind any economic system. People should be regarded as much higher than Business,....unless that business is being run to enrich only a few people.
 
Stoney said:
Oh get over it, and accept Obamacare is making things worst. It doesn't promote competition, and competition is the only thing that can drive down costs.

Everyone is now paying towards thier including government union employees, what makes us so damn special?
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Get over what? Haven't you read the bill? Isn't your car insurance competitive, with companies constantly offering you cheaper rates? Your health insurance isn't like that because your employer is in the health care business, whether you know it or not. Our contract states that no corporate life insurance can be taken out on an employee. Wasn't Wal-Mart caught doing that very thing, naming Wal-Mart as the beneficiary in the death of the employee? You don't think there's kick-backs in health insurance?
 
canaryinthemine said:
When I'm having an argument with management, and they start complaining about costs of labor, I always ask them: "What's more important?, People,....or Business?' I can answer that in one word. When any business starts making employees' lives worse,. or ruining their future,....or the environment,....or their customers' bank accounts,...or the safety of the public by running unsafe equipment,.....does that company have a moral right to keep operating? And.....if it's doing some,...or all of those things , merely to enrich investors......at the expense of the employees and customers and general public, do the investors,...shareholders...have a moral dilemma accepting those profits? Of course, I am presuming there are people in business who actually think about morals. We should not be regarded as an impediment to profits..........after all, if you pay us enough, we could actually be consumers, too..........which is really the whole idea behind any economic system. People should be regarded as much higher than Business,....unless that business is being run to enrich only a few people.
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A lot of people don't know this but Henry Ford recognized that while he needed to make cars people could afford he also needed to pay his people enough to buy one.
So at the same time he revolutionized manufacturing he also significantly raised (doubled) his employees pay. Lessons learned long ago seem to be forgotten these days.
 
In normal conditions,..workers are recognized as consumers, too. I remember when all the steel plants around here were going full-bore. The employee parking lot was filled with American cars, and every 2 or 3 years, they traded up for a new one,....kind of kept the demand for steel going. But apparently we're in an investor-driven, get-rich-quick economy, and wages are now considered an impediment to profit. No more symbiosis between the worker/ consumer and the business community through the marketplace. Henry Clay Frick, J.P.Morgan, and Andrew Carnegie are in Hell, laughing at us.....
 
canaryinthemine said:
When I'm having an argument with management, and they start complaining about costs of labor, I always ask them: "What's more important?, People,....or Business?' I can answer that in one word. When any business starts making employees' lives worse,. or ruining their future,....or the environment,....or their customers' bank accounts,...or the safety of the public by running unsafe equipment,.....does that company have a moral right to keep operating? And.....if it's doing some,...or all of those things , merely to enrich investors......at the expense of the employees and customers and general public, do the investors,...shareholders...have a moral dilemma accepting those profits? Of course, I am presuming there are people in business who actually think about morals. We should not be regarded as an impediment to profits..........after all, if you pay us enough, we could actually be consumers, too..........which is really the whole idea behind any economic system. People should be regarded as much higher than Business,....unless that business is being run to enrich only a few people.
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I believe the question was "who is more important, the shareholder or the employees?"

The answer is the shareholder, because without their investments, there would be no ABF as we know it today.

Its the shareholder that risks their money in ABF. So yes, the shareholders should be ABFs first priority.

canaryinthemine said:
Get over what? Haven't you read the bill? Isn't your car insurance competitive, with companies constantly offering you cheaper rates? Your health insurance isn't like that because your employer is in the health care business, whether you know it or not. Our contract states that no corporate life insurance can be taken out on an employee. Wasn't Wal-Mart caught doing that very thing, naming Wal-Mart as the beneficiary in the death of the employee? You don't think there's kick-backs in health insurance?
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I don't read 2600 page bills. I believe no bill should be more than 10 pages.

Plus there is enough of this law that is unconstitutional for me to be agsinst it.

And it was Obama himself that promised premiums would be lower (by $2500) after this bill was passed. Well premiums are up!

http://hotair.com/archives/2013/05/...-are-going-up-partially-because-of-obamacare/
 
Stoney said:
I believe the question was "who is more important, the shareholder or the employees?"

The answer is the shareholder, because without their investments, there would be no ABF as we know it today.

Its the shareholder that risks their money in ABF. So yes, the shareholders should be ABFs first priority.



I don't read 2600 page bills. I believe no bill should be more than 10 pages.

Plus there is enough of this law that is unconstitutional for me to be agsinst it.

And it was Obama himself that promised premiums would be lower (by $2500) after this bill was passed. Well premiums are up!

Schumer: Yeah, health insurance premiums are going up partially because of ObamaCare; Update: Er, that’s not what I meant… « Hot Air
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The shareholder makes zilch without you. How many loads can he take in a day? Thats how rich he gets alone..........It's give and take......not just take as the Reagan Priests teach their disciples. Nobody could even do LTL alone.
 
slavenomore said:
The shareholder makes zilch without you. How many loads can he take in a day? Thats how rich he gets alone..........It's give and take......not just take as the Reagan Priests teach their disciples. Nobody could even do LTL alone.
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And you have no job without their investments.
 
slavenomore said:
The shareholder makes zilch without you. How many loads can he take in a day? Thats how rich he gets alone..........It's give and take......not just take as the Reagan Priests teach their disciples. Nobody could even do LTL alone.
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Face it Slave, you can be replaced much easier than an investor. It doesn't take a rocket sciencist to do our job.
 
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