leftyblack
TB Lurker
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As of friday May 7 2010 ABF had 120 million dollars in the bank. they have zero debt as of 5-7-2010 this fact verified by the security exchange commission filings. NOT RUMOUR FACT! They tell you they need the concession to compete with YRC. If they don't get this the gap between us & YRC will grow. YRC lost 274 million dollars last quarter. no offense to our YRC brothers however why would we be worried & trying to compete with a company losing 20x what we are? This is simply ABF doesn't wish to exhaust it's nest egg & possibly have to borrow some money to weather the economic downturn. They tell us the up swing is coming this is short term ( 3 years at reduced rate with no true snap back isn't short term for us) they would rather use our money to do this. when you run into a short fall at home what do you do? you use your credit card or you borrow from the bank on your house or such....these are all things you will be doing when you vote yes!! you will be finanicing whatever you can with interest to pay your bills in 2010 while your salary is from 2004. meanwhile ABF will be using YOUR HARD EARNED MONEY INTEREST FREE to pay it's bills promote it's stock increase & it's dividen paid to the majority stock holders all of whom are ABF officers & board members. they will be increasing their PERSONAL WEALTH while you get further INDEBT & thanking them for your job. We are not here because of the economic downturn, we are here because of the greed of william zollars & his attempt to monopolize the ltl trucking field he failed !! if those companies were left alone there would still be a NMFA & no concession. we are here because ABF smells blood in the water..A weak IBT a scared workforce & the opportunity for them to set back unionized work rights back a hundred years!! Is it a coincidence that Ms. Mcreynolds comes from Walmart this countries biggest anti union, anti labor company & worst record of violating labor laws on record with the national labor board?? Please read this & think before you vote yes. Check the facts I can substaniate everything here not the rumours the company is handing out. I will debate these facts with anyone. ABF is not other trucking companies they are not on the verge of bankruptcy, receivership or going out of business ...if they were why would the officers be taking stocks by the thousands in the past month?? stock that has risen 7 dollars since feb. talk to an accountant.....please take the time get the facts...this vote isn't just about us..it's about the right to have a union to have a voice & a contract that means something, think off all that was sacrificed before us & what we can give to those coming behind us a true chance at a better life....a union life and all that it's suppose to mean !! VOTE NO!!