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TForce | Questions to ask your union officers about strike authorization

No port said:
1. What are the issue that the company and the union can't agree on? If they can't answer that is a red flag.
2. Can the union call a strike without giving us a contract to vote on? If the answer is yes, then you may never see what the company offer was and what the union really wanted .
3. As the one's who call for a strike, will the unions officers suffer the same financial hardships as the strikers? I'll answer that one, No. They will continue to collect their pay and benefits. They have nothing to lose if they get a strike authorization vote. They have no skin in the game.
4. Don't vote for strike authorization unless they give you the companies proposals in writing. If they hide behind a non disclosure agreement, you are going on blind faith .
Never forget 2018.
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You sound like management. Answer 1 a strike vote is a tool to use to bargain a better contract. Answer 2. If the company and the union have not reached a tentative agreement by the July 31 then they will call a strike. Answer 3 the union officers are not on strike its the bargaining unit on strike. The officers work for more than 1 company. Answer 4 they never release information about negotiations until a tentative agreement has been reached. And has been to the 2 man committee. Does that help you out?
 
FreightDriver said:
I think TFI will purchase ABF after the contract is ratified.
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If TFI was going to buy ABF they would have done so before contract negotiations. If they buy ABF now they can't merger 2 contracts. If they bought ABF they would have to run 2 separate companies or close the doors on one. Don't bring up YRC all those companies were under the same contract. Holland had a few different work rules for road drivers.
 
ltl 07 said:
If TFI was going to buy ABF they would have done so before contract negotiations. If they buy ABF now they can't merger 2 contracts. If they bought ABF they would have to run 2 separate companies or close the doors on one. Don't bring up YRC all those companies were under the same contract. Holland had a few different work rules for road drivers.
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Buying an ltl company at above market value is a very poor investment. lTl companies have narrow margins.
 
ltl 07 said:
You sound like management. Answer 1 a strike vote is a tool to use to bargain a better contract. Answer 2. If the company and the union have not reached a tentative agreement by the July 31 then they will call a strike. Answer 3 the union officers are not on strike its the bargaining unit on strike. The officers work for more than 1 company. Answer 4 they never release information about negotiations until a tentative agreement has been reached. And has been to the 2 man committee. Does that help you out?
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🤣, nope, not one piece of information of worth.
 
ltl 07 said:
If TFI was going to buy ABF they would have done so before contract negotiations. If they buy ABF now they can't merger 2 contracts. If they bought ABF they would have to run 2 separate companies or close the doors on one. Don't bring up YRC all those companies were under the same contract. Holland had a few different work rules for road drivers.
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When TFI first bought us someone said they were known to buy 2 companies and have them compete.
 
inspector200 said:
I don’t think TFI is in debt…
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TFI long term debt for the quarter ending March 31, 2023 was $1.270B, a 23.52% decline year-over-year.

TFI Long Term Debt 2020-2023 | TFII

TFI long term debt from 2020 to 2023. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>TFI long term debt for the quarter ending December 31, 2023 was <strong>$1.710B</strong>, a <strong>33.72% increase</strong>...
www.macrotrends.net www.macrotrends.net
 
Triplex said:
TFI long term debt for the quarter ending March 31, 2023 was $1.270B, a 23.52% decline year-over-year.

TFI Long Term Debt 2020-2023 | TFII

TFI long term debt from 2020 to 2023. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>TFI long term debt for the quarter ending December 31, 2023 was <strong>$1.710B</strong>, a <strong>33.72% increase</strong>...
www.macrotrends.net www.macrotrends.net
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Long term debt isn’t a bad thing…
 
No port said:
The debt to equity ratio for TFI is considered very high it's 0.46.
UPS is 1.089 apple . 86.
2.0 or hire is considered very good
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Think you've got it backwards. The higher the debt to equity ratio, the worse off the company is.

"The debt-to-equity ratio (D/E ratio) shows how much debt a company has compared to its assets. It is found by dividing a company's total debt by total shareholder equity. A higher D/E ratio means the company may have a harder time covering its liabilities."
www.shopify.com

What Is Debt-to-Equity Ratio? Definition and Guide

Whether you’re looking to invest in the stock market or take your business to the next level, understanding debt-to-equity ratio is key. Here's what it means and why it matters.
www.shopify.com www.shopify.com

PS - This post is factual information intended to correct inaccurate information. It is not my OPINION. Just want to clarify that for the yokels who can't figure that out for themselves. :smile new:
 
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