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Black Out Weeks

No port

Active Member
From what we were told, UPS is providing back office support for 3 years per sale agreement. Freight division doesn't have a separate payroll, HR, etc. It was all handled by UPS.
Transforce international took UPS to school on this deal.
If it wasn't such a small company compared to small pack, the sales of UPS freight would be enough to get any CEO fired. Billions spent and UPS couldn't make it work at freight, in less than 5 months TFI went from 99. 7 or to 90 or.
 

Walleye

Active Member
Transforce international took UPS to school on this deal.
If it wasn't such a small company compared to small pack, the sales of UPS freight would be enough to get any CEO fired. Billions spent and UPS couldn't make it work at freight, in less than 5 months TFI went from 99. 7 or to 90 or.
Are you blind?

If ALL ups got out of freight was the buyout of the Central States pension fund they would be billions ahead,....
 
Are you blind?

If ALL ups got out of freight was the buyout of the Central States pension fund they would be billions ahead,....
This is what I always said . Overnite was a chess piece to trade a new group of union members in exchange for buyout of central states pension. Out of all non-union carriers overnite had a fully funded pension that ups did not have to start . A small price to pay for ups end game .
 

1984Sideways

On a final dispatch, do not get anymore tomorrows.
I have a growing suspicion that TForce or whatever they call themselves is essentially a front to prevent UPS from really bleeding proper expenses of certain types.
 

No port

Active Member
Are you blind?

If ALL ups got out of freight was the buyout of the Central States pension fund they would be billions ahead,....
The TFI deal had nothing to do with what happened 16 years ago. There have been 4 CEO s of ups since then,
Considering the government bailed out the cspf, that deal isn't what it used to be.
 

Walleye

Active Member
The TFI deal had nothing to do with what happened 16 years ago. There have been 4 CEO s of ups since then,
Considering the government bailed out the cspf, that deal isn't what it used to be.
ups didn't want to make money with freight,

The only thing they wanted was to get out of the central states obligation,...

They could have shut the doors when the ink was dry on the central states buyout and been billions ahead,...

PLUS,..............After all the old Overnite guys die and whats left of that pension fund belongs to ups,...

They never wanted to be in the freight business,,..
 

No port

Active Member
ups didn't want to make money with freight,

The only thing they wanted was to get out of the central states obligation,...

They could have shut the doors when the ink was dry on the central states buyout and been billions ahead,...

PLUS,..............After all the old Overnite guys die and whats left of that pension fund belongs to ups,...

They never wanted to be in the freight business,,.
Which pension fund?
 

No port

Active Member
ups didn't want to make money with freight,

The only thing they wanted was to get out of the central states obligation,...

They could have shut the doors when the ink was dry on the central states buyout and been billions ahead,...

PLUS,..............After all the old Overnite guys die and whats left of that pension fund belongs to ups,...

They never wanted to be in the freight business,,..
It will take 50 to 70 years for every employee eligible for the pension to die, before there is no one longer alive to collect. So I don't see any big win for ups on that end. That doesn't include the administration fees for the pension for the next 5 to 7 decades.
Ups's best hope for financial gain is that the pension is ended and everyone eligible get a lump sum buyout.
Then they no longer have to contribute to the pension or pay to administer it.
Under federal law the pension fund must remain between 90% and 95% funded throughout its entirety. Ups must continue to put money into the fund to maintain its liabilities and obligations.
The only liability they escape is any one hired after April 2021. They owe those employees nothing.
 
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