Razorblade
Omniscient
- Credits
- 638
$ 300 million in 3 years and 90 OR. 13,000 employees makes that 300 million less than $150 profit per week per employee. Operating profit is pre tax and before a single truck, trailer of forklift is purchased.
Still no answer on the constantly being accused of something don't you think it is possibly true? Of course it's true! I worked at a time when the free healthcare and 6 weeks vacation and double paying for work were sustainable. Now those things are not viable if companies have to compete with other carriers that don't offer those benefits. I never complained when Western Pa. cut my pension by 30%. It was necessary to save the fund. 70% is better than nothing. Most Teamsters don't want to think long term. It's all about the next paycheck.
"and a lot of the blame falls on officials not leveling with the membership..." And the membership says, we are not giving up anything because ABF made 300 million dollars and the CEO is paid too much. 90 OR, terrific. ABF only needed 3 billion in revenue to reach 300 million in operating profit.
Nobody spent millions of dollars to get operating authority. That might have been the value in 1980 dollars but much of that authority was given to the legacy carriers. You seem to forget that deregulation allowed every company to operate freely. ABF could open terminals anywhere without having to buyout another company for the "rights". Before deregulation, few carriers had intrastate rights. After deregulation, everyone could pickup and deliver within the same state opening new markets to the union carriers.
Yellow bought Preston in 1992 when Preston was a week away from not being able to make payroll. After a 9% wage reduction and an infusion of capital, Preston was profitable in 1993. It was a big deal. OR in '93 was 93. Six year later, the doors closed. ABF Teamsters have an opportunity to secure their future. My guess is that they will demand more and more until the golden goose is dead.
Still no answer on the constantly being accused of something don't you think it is possibly true? Of course it's true! I worked at a time when the free healthcare and 6 weeks vacation and double paying for work were sustainable. Now those things are not viable if companies have to compete with other carriers that don't offer those benefits. I never complained when Western Pa. cut my pension by 30%. It was necessary to save the fund. 70% is better than nothing. Most Teamsters don't want to think long term. It's all about the next paycheck.
"and a lot of the blame falls on officials not leveling with the membership..." And the membership says, we are not giving up anything because ABF made 300 million dollars and the CEO is paid too much. 90 OR, terrific. ABF only needed 3 billion in revenue to reach 300 million in operating profit.
Nobody spent millions of dollars to get operating authority. That might have been the value in 1980 dollars but much of that authority was given to the legacy carriers. You seem to forget that deregulation allowed every company to operate freely. ABF could open terminals anywhere without having to buyout another company for the "rights". Before deregulation, few carriers had intrastate rights. After deregulation, everyone could pickup and deliver within the same state opening new markets to the union carriers.
Yellow bought Preston in 1992 when Preston was a week away from not being able to make payroll. After a 9% wage reduction and an infusion of capital, Preston was profitable in 1993. It was a big deal. OR in '93 was 93. Six year later, the doors closed. ABF Teamsters have an opportunity to secure their future. My guess is that they will demand more and more until the golden goose is dead.
