Purchase Transport
STAND UP FOR YOUR RIGHTS!
Tuesday, September 8, 2009
Friday, September 4, 2009
P.T. Scabbing At FedEx Freight
All P.T carriers are scabbing your work, what are you going to do about it? Sit there and surrender your Rights and Power, or decide to built your committee and arrange meetings at your nearest Teamster local. All I know we the P & D drivers pick up freight for you linehaul drivers to work and not for those Scab interline carriers.Don't give Corporate the glory of them screwing you guys out of work. Corporate see that no one is going to do anything about it, so why not fight with us 35% of employees for Unionism. Don't let management like Santiago Rios Jr state that it is cheaper to hired outside carriers than union drivers. If I was there that day I would push those other drivers who heard Jr.Rios to file a NRLB charge against FedEx Corporate for allowing Jr. Rios to act as agent for the company and admitting that cutting linehaul work to P.T SCABS is becase of Union activities. Now that is a Federal violation of the NRLA, is an act of retalation of the company because of our union activities.
Wednesday, September 2, 2009
YRC Worldwide secures key $950M credit amendment
NEW YORK (AP) -- YRC Worldwide Inc. said Monday it has amended a $950 million credit agreement with lenders, another critical step in the company's struggle to avoid a possible bankruptcy filing.
The news sent shares soaring in aftermarket trading. The stock gained 33 cents, or 14.8 percent, to $2.56. It lost 14 cents, or 5.9 percent, in the regular session to close at $2.23.
The company said in a filing with the Securities and Exchange Commission that JPMorgan Chase Bank, among other lenders, will continue to provide YRC with a $950 million senior revolving credit facility, including portions available for borrowing and for letters of credit, and a senior term loan of about $111.5 million.
The credit agreement amendment suspends the requirement that the company maintain liquidity of $100 million at all times.
The company has amended other credit agreements, sold real estate, cut thousands of jobs and trimmed wages among existing workers to stay afloat.
http://finance.yahoo.com/news/YRC-Wo....html?x=0&.v=1
The news sent shares soaring in aftermarket trading. The stock gained 33 cents, or 14.8 percent, to $2.56. It lost 14 cents, or 5.9 percent, in the regular session to close at $2.23.
The company said in a filing with the Securities and Exchange Commission that JPMorgan Chase Bank, among other lenders, will continue to provide YRC with a $950 million senior revolving credit facility, including portions available for borrowing and for letters of credit, and a senior term loan of about $111.5 million.
The credit agreement amendment suspends the requirement that the company maintain liquidity of $100 million at all times.
The company has amended other credit agreements, sold real estate, cut thousands of jobs and trimmed wages among existing workers to stay afloat.
http://finance.yahoo.com/news/YRC-Wo....html?x=0&.v=1
Tuesday, September 1, 2009
TEAMSTERS CALL FOR INDEPENDENT BOARD CHAIR AT FEDEX; URGE INVESTOR SUPPORT
August 31, 2009
The International Brotherhood of Teamsters today asked shareholders of FedEx Corporation (NYSE: FDX) to support the union’s proposal for an independent board chairman at FedEx’s upcoming annual meeting.
In a letter to shareholders, Teamsters General Secretary-Treasurer C. Thomas Keegel said that Frederick W. Smith’s dual role as chairman and chief executive of FedEx has resulted in a CEO-dominated board incapable of providing the rigorous, independent oversight of management that investors require. FedEx’s annual meeting will be September 28 in Memphis, Tennessee.
“FedEx’s lack of independent board leadership, compromised board independence and effectiveness, chronic poor performance, excessive executive pay, and questionable business strategies underscore the urgent need for an independent chairman to lead FedEx’s board in holding management accountable and providing strategic oversight and guidance,” Keegel said.
Read More Click Here
The International Brotherhood of Teamsters today asked shareholders of FedEx Corporation (NYSE: FDX) to support the union’s proposal for an independent board chairman at FedEx’s upcoming annual meeting.
In a letter to shareholders, Teamsters General Secretary-Treasurer C. Thomas Keegel said that Frederick W. Smith’s dual role as chairman and chief executive of FedEx has resulted in a CEO-dominated board incapable of providing the rigorous, independent oversight of management that investors require. FedEx’s annual meeting will be September 28 in Memphis, Tennessee.
“FedEx’s lack of independent board leadership, compromised board independence and effectiveness, chronic poor performance, excessive executive pay, and questionable business strategies underscore the urgent need for an independent chairman to lead FedEx’s board in holding management accountable and providing strategic oversight and guidance,” Keegel said.
Read More Click Here
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