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Korean Railway Workers Leader Jae Ha Jeong On Korean Struggle Against Rail Privatization At San Francisco Labor Council

Current News - Sun, 08/03/2014 - 15:26

Korean Railway Workers Leader Jae Ha Jeong On Korean Struggle Against Rail Privatization
https://www.youtube.com/watch?v=JYKV5COmpJY&feature=
Korean Railway Workers Union Conductor an fired railway workers leader
Jae Ha Jeong spoke to the San Francisco Labor Council on July 28, 2014
about their union struggle against privatization and repression. He also
discussed how the union had been able to mobilize the public to support
public people's control of the railroads.
He also thanked the delegates of the SF Labor Council for their participation
in a solidarity picket at the Korean consulate during the December 2013 strike
and announced that they might be another strike action at the end of August 2014.
The event was sponsored by the San Francisco Labor Council and LaborFest
as part of the commemoration of the San Francisco 1934 general strike.
For further information on the KRWU
Facebook Support Railway Workers Right To Strike In Korea
Additional video:
https://www.youtube.com/watch?v=FiNU3rMh70o
https://www.youtube.com/watch?v=ym5ehR1O70Q&feature=
http://www.youtube.com/watch?v=u9sS5vYoRiw
http://www.youtube.com/watch?v=xtnvBQZRaxs&feature=
For information on LaborFest www.laborfest.net
Production of Labor Video Project www.laborvideo.org

Tags: KRWUKorean Railway Workers Unionprivatizationunion busting
Categories: Labor News

USA: Tackling the Root Causes of the Refugee Crisis at the U.S. Border

Labourstart.org News - Sat, 08/02/2014 - 17:00
LabourStart headline - Source: AFL-CIO
Categories: Labor News

BART investigating racist vandalism directed at employees

Current News - Fri, 08/01/2014 - 22:17

BART investigating racist vandalism directed at employees
http://www.ktvu.com/news/news/local/bart-investigating-racist-vandalism-...
Posted: 8:56 p.m. Thursday, July 31, 2014
BART investigating racist vandalism directed at employees
lif. — BART officials responded Thursday to allegations by several African-American employees who say they found messages with racial slurs and death threats scrawled on their lockers.
BART officials say there is zero tolerance for racism on the job.
Two BART workers say the work culture allows discrimination. They told KTVU Thursday that they have experienced racism at their BART workplace for years. Now they are adding new charges to a discrimination lawsuit.
Rudolph Johnson, a track maintenance worker who's been with BART for four years, said he came to work one day and found graffiti on his locker, with the f-word and n-word.
"It told me I was going to die and I immediately was threatened and didn't feel safe at work," Johnson said.
Johnson said his supervisors seemed unconcerned.
"As soon as I reported it to my supervisor he said he was too busy and told me to report it to the next supervisor," Johnson told KTVU.
The graffiti incident happened June 27th.
Thursday BART issued a statement saying in part: "BART is taking extremely seriously a report of racist and threatening graffiti...BART Police were notified within an hour of the time the incident was reported and began an internal investigation."
Johnson says it's just the latest in a string of racial incidents that is detailed in a lawsuit brought by seven BART workers, filed last December. The complaint alleges another graffiti incidence in March 2013 involving racial slurs, an assault, and discrimination in promotion decisions.
Johnson says he had been assaulted by two Latino co-workers last year.
"They picked me up, tried to dump me in a trash can and put me on a table and tried to do sexual acts toward me," Johnson said. He told KTVU he reported the attack and simulated sex acts to a supervisor, but says the supervisor was unsympathetic and reprimanded Johnson along with the two co-workers for "horseplay".
Another African-American employee, foreworker Joseph Montgomery said one manager had a whip in his office.
"He used to display a white whip in his office, hanging, which was reported to the Office of Civil Rights at BART," Montgomery said.
KTVU contacted BART's Civil Rights Program Manager Sharon Moore. She says her office handles complaints from all BART departments regarding civil rights or discrimination cases.
She says her office was aware of the March 2013 racial graffiti complaint. At the time, she says the supervisors were instructed to investigate. When the supervisors said they couldn't identify the perpetrator, they were instructed to remove the graffiti and send a memo to all employees saying such acts were not to be tolerated.
Moore says her office was not aware of the assaults on Johnson until they were contacted by the Equal Employment Opportunity Committee regarding a complaint that included those incidents.
"That was the first time our office became aware of the incidents," Moore told KTVU Thursday.
The worker's attorney says BART's top official have not responded quickly or forcefully enough.
"When you're giving people a slap on the wrist instead of serious punishment, you're allowing a culture to fester that's discriminatory and harassing," said Jody LeWitter, the BART workers' attorney.
BART officials say they have hired two independent investigators.
The next court date for the discrimination lawsuit is September 17th.
_______________________________________________

Tags: BARTracism
Categories: Labor News

NW Farmers Fret Over On-Going Vancouver, WA Port Shutdown

Current News - Fri, 08/01/2014 - 19:50

NW Farmers Fret Over On-Going Vancouver, WA Port Shutdown
http://www.opb.org/news/article/farmers-fret-over-on-going-port-shutdown/
OPB | Aug. 1, 2014 4:41 p.m. | Updated: Aug. 1, 2014 5:55 p.m. | Vancouver, Washington

Conrad Wilson

Shipments of grain have all but stopped at the Port of Vancouver and that couldn’t have come at a worse time for wheat producers. That’s because the wheat harvest is in full swing.

The shipments have been blocked because Washington state workers are no longer inspecting grain at the port. They stopped those inspections about a month ago. Now farmers are calling for those inspections to resume.

Already farmers have harvested about 40 percent of Washington’s wheat.

So says Nicole Berg, president of the Washington Wheat Growers Association. She farms some 21,000 acres near the Tri-Cities in the south-central part of the state.

Berg says most of the region’s grain is heading to Asian markets like Japan and Vietnam.

“Around 90 percent of the wheat in the state of Washington as well as the Pacific Northwest goes overseas,” Berg says.

Wheat and other commodity crops have virtually stopped moving through United Grain’s terminal at the Port of Vancouver.

And Berg says that’s made her nervous.

“We have big concerns because I kind of feel like we’re an innocent bystander down here on the farm level with different things that happen at the ports that are somewhat out of our control.”

Last month, Washington Gov. Jay Inslee announced state patrol officers would no longer escort state grain inspectors across a picket line set up at the port by the International Longshore and Warehouse Union.

State grain inspectors say at times they’ve felt unsafe crossing the picket line. So without a police escort, the inspectors said they would no longer cross. But without inspections, it’s virtually impossible to ship grain.

“I’ve never seen anything like this before,” says Randy Ward, merchandising manager for Pendleton Grain Growers – he moves the grain from the farmer’s field to export terminals at ports throughout the region.

United Grain at the Port of Vancouver is the largest grain holding facility on the West Coast. And it’s one of only nine export terminals that help move grain from Oregon and Washington, and as far east as Idaho, Nebraska, the Dakotas – even Minnesota – overseas.

Ward says if United Grain can’t ship his wheat, it clogs up the whole system.

“Essentially what you’re doing is taking the ability of them to push through bushels at their facility away from the market.”

One possible solution would be for the feds to take over grain inspections. In fact, across the river at the Port of Portland, grain inspections have continued. That’s because federal – not state workers – perform grain inspections in Oregon.

But so far efforts to get the U.S. Department of Agriculture involved at the Port of Vancouver have not been successful.

Yesterday, ten members of Congress from Washington, Oregon, Montana and Idaho sent a letter to U.S. Secretary of Agriculture Tom Vilsack, calling the lack of grain inspections “unacceptable” and urging the agency to “meet its statutory obligation to inspect wheat exports.”

Blake Rowe, CEO of the Oregon Wheat Commission, says the inspections are USDA’s responsibility.

“There’s an agreement for Washington state to do the work in Washington but they’re choosing not to do that and ultimately the responsibility falls back on USDA, the Federal Grain Inspection Service and they need to step up.”

Rowe says with United Grain offline, shipping grain will only get more difficult as harvest ramps up in states further east.

“The capacity of the elevators on the Columbia – that gets worse as harvest in those other states really gets cranked up. As the corn crop begins to come in, it’s going to make the availability of United Grain even more critical,” Rowe says.

United Grain Corporation locked out the ILWU in February 2013.

The company says it wants to lower labor costs to match a 2012 agreement between union workers and another firm, Export Grain Terminal (EGT), in Longview.

Pat McCormick, a spokesperson for United Grain, says it’s all about staying competitive. He says the 2012 labor agreement gave the Longview company a cost advantage that United Grain — as well as Columbia Grain in Portland — would like to match.

He says United Grain and other terminals “are after a level playing field so that they can more fairly compete with EGT.”

“That’s what they like to say, that they feel the playing field is uneven now,” according to Brett Lynch, with the ILWU. He says United Grain has been profitable.

“They are still competitive with the workforce that they have in place.”

The union and United Grain Corporation resumed negotiations Wednesday. The two sides are expected to continue talks Saturday.

Tags: ilwuShippers
Categories: Labor News

Kuwait: “The Kafala is a System of Slavery,” an interview with the KTUF

Labourstart.org News - Fri, 08/01/2014 - 17:00
LabourStart headline - Source: Migrant Rights
Categories: Labor News

USA: Making workers’ rights a civil right

Labourstart.org News - Fri, 08/01/2014 - 17:00
LabourStart headline - Source: The Hill
Categories: Labor News

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"

Current News - Fri, 08/01/2014 - 13:09

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"
http://www.france24.com/en/20140731-air-france-strike-ground-workers-aug...

© Afp
Text by FRANCE 24
Latest update : 2014-07-31
Air France ground staff have called for a strike at French airports from 1am local time on Saturday, August 2, until midnight to call for better work conditions and salaries, increased flight security and to oppose the use of subcontracters.

For the latest news on flight delays, check the Paris Airports website (in English) by clicking here.

The strike, which comes at the height of the holiday season, will affect Charles de Gaulle and Orly airports in Paris as well as those at Ajaccio, Bastia, Bordeaux, Lyon, Marseille (Maintenance), Montpellier, Mulhouse, Nantes, Nice, Strasbourg and Toulouse.

The CGT-UGICT union is planning a protest the same day at Charles de Gaulle (Roissy) airport, beginning at 11am local time.

A statement from the CGT-Roissy union said Air France's management had cited the financial crisis to falsely justify applying "austerity" measures to employee salaries.

“The management has justified such measures by citing the economic crisis, but in fact they allow the safeguarding of profits at our expense,” the union said.

"Austerity is just for the employees, while the management and stockholders continue to get richer," the statement said.________________________________________

Tags: Air FranceCGT
Categories: Labor News

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"

Current News - Fri, 08/01/2014 - 13:09

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"
http://www.france24.com/en/20140731-air-france-strike-ground-workers-aug...

© Afp
Text by FRANCE 24
Latest update : 2014-07-31
Air France ground staff have called for a strike at French airports from 1am local time on Saturday, August 2, until midnight to call for better work conditions and salaries, increased flight security and to oppose the use of subcontracters.

For the latest news on flight delays, check the Paris Airports website (in English) by clicking here.

The strike, which comes at the height of the holiday season, will affect Charles de Gaulle and Orly airports in Paris as well as those at Ajaccio, Bastia, Bordeaux, Lyon, Marseille (Maintenance), Montpellier, Mulhouse, Nantes, Nice, Strasbourg and Toulouse.

The CGT-UGICT union is planning a protest the same day at Charles de Gaulle (Roissy) airport, beginning at 11am local time.

A statement from the CGT-Roissy union said Air France's management had cited the financial crisis to falsely justify applying "austerity" measures to employee salaries.

“The management has justified such measures by citing the economic crisis, but in fact they allow the safeguarding of profits at our expense,” the union said.

"Austerity is just for the employees, while the management and stockholders continue to get richer," the statement said.________________________________________

Tags: Air FranceCGT
Categories: Labor News

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"

Current News - Fri, 08/01/2014 - 13:09

Air France ground workers to strike on August 2 "Austerity is just for the employees, while the management and stockholders continue to get richer,"
http://www.france24.com/en/20140731-air-france-strike-ground-workers-aug...

© Afp
Text by FRANCE 24
Latest update : 2014-07-31
Air France ground staff have called for a strike at French airports from 1am local time on Saturday, August 2, until midnight to call for better work conditions and salaries, increased flight security and to oppose the use of subcontracters.

For the latest news on flight delays, check the Paris Airports website (in English) by clicking here.

The strike, which comes at the height of the holiday season, will affect Charles de Gaulle and Orly airports in Paris as well as those at Ajaccio, Bastia, Bordeaux, Lyon, Marseille (Maintenance), Montpellier, Mulhouse, Nantes, Nice, Strasbourg and Toulouse.

The CGT-UGICT union is planning a protest the same day at Charles de Gaulle (Roissy) airport, beginning at 11am local time.

A statement from the CGT-Roissy union said Air France's management had cited the financial crisis to falsely justify applying "austerity" measures to employee salaries.

“The management has justified such measures by citing the economic crisis, but in fact they allow the safeguarding of profits at our expense,” the union said.

"Austerity is just for the employees, while the management and stockholders continue to get richer," the statement said.________________________________________

Tags: Air FranceCGT
Categories: Labor News

YRC Worldwide Reports 2014 Second Quarter Results

Teamsters for a Democratic Union - Fri, 08/01/2014 - 13:07
YRC WorldwideYRC WorldwideAugust 1, 2014View the original piece

OVERLAND PARK, Kan., July 31, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) today reported financial results for the second quarter of 2014.

Consolidated operating revenue for the second quarter of 2014 was $1.318 billion with consolidated operating income reported at $20.0 million, which included a $6.5 million gain on asset disposals. As a comparison, the company reported consolidated operating revenue of $1.243 billion for the second quarter of 2013 and consolidated operating income of $14.3 million, which included a $1.3 million loss on asset disposals.

The company reported, on a non-GAAP basis, adjusted EBITDA of $63.0 million for the second quarter of 2014, as compared to adjusted EBITDA of $74.1 million for the second quarter of 2013 (as detailed in the reconciliation below).

YRC Freight Second Quarter Results

"During the second quarter of 2014, YRC Freight experienced a 5.6% increase in operating revenue, despite a half workday less as compared to the second quarter of 2013," said YRC Worldwide CEO James Welch. "The additional revenue is due to increased volumes as well as a slight gain in revenue per hundredweight. The growth in shipments and tonnage per day is a result of the overall economic improvement and renewed shipper confidence due to the successful completion of our refinancing and modified labor agreement in February 2014," continued Welch. "However, profitability for the second quarter was negatively impacted by the network not being fully in cycle which resulted in a decrease in productivities, the re-handling of freight and less than optimal use of purchased transportation. The year-over-year decline in profitability can also be attributed to a $7.5 million increase in expense related to bodily injury claims as well as a $2.9 million increase in cargo claims expense when compared to the second quarter of 2013. The increase in our bodily injury claims expense was driven by an increase in outstanding claims and an increase in development of prior year claims that remain unsettled.

"In order to improve network performance during the quarter, we opened three terminals, increased the use of purchased transportation and increased the utilization of part-time dock employees," stated Darren Hawkins, YRC Freight President. "Additionally, our plans to convert three current terminals to distribution centers in the third quarter remain on target which we anticipate will better balance our capacity and match it to increasing demand.

"Overall, the freight environment in which we are currently operating bodes well for YRC Freight. From a macro perspective, we are experiencing a robust pricing environment, and at YRC Freight specifically we are being disciplined in obtaining pricing increases on lower margin accounts," continued Hawkins.

"As the second quarter progressed, we achieved significant contractual negotiated pricing increases and in July we continue to see these levels of increases. With continued improvement in the economy and our service levels, we expect our ability to increase pricing should remain strong," said Hawkins.

"In the second quarter, we continued to follow through with our commitment to invest in technology by installing 13 of the 40 planned dimensioners in the YRC Freight network. These dimensioners allow us the ability to cost each shipment based on the actual cubic volume of the shipment," said Hawkins. "Also, we implemented a new third-party customer relationship management (CRM) tool. This solution is designed to allow us to drive sales productivity, customer satisfaction and loyalty," concluded Hawkins.

Regional Transportation Second Quarter Results

Even with 1.5 fewer workdays, operating revenue for the Regional segment grew by 6.9% during the second quarter of 2014 as compared to the same period in 2013. The increase is due to the growth in the overall economy and continued tightness of capacity in certain regions of the country. "I am satisfied with the execution of our Regional carriers as they continue to demonstrate strength in the marketplace by growing revenue and increasing yield and volume," said Welch.

Profitability for the Regional segment was impacted by increased purchased local cartage and the increased use of short-term revenue equipment rentals to handle the increase in volume as well as an increase in revenue equipment expense related to new equipment leases. Additionally, profitability was negatively impacted by a $3.0 million increase in expense related to bodily injury and property damage claims and a $1.4 million increase in cargo claims expense. The increase in bodily injury and property damage claims expense was driven by an increase in outstanding claims and an increase in development of prior year claims that remain unsettled.

"During the second quarter, pricing increases for our Regional carriers continued and provided increased profitability. With the strong demand for our Regional carrier service, we anticipate that the pricing momentum will continue and will provide them the opportunity to produce favorable results in the second half of 2014," said Welch. 

Key Segment Information - second quarter 2014 compared to the second quarter of 2013

   PercentYRC Freight20142013ChangeWorkdays63.564.0 Operating revenues (in millions)$842.1$797.65.6%Operating loss (in millions)(0.3)(8.5)96.5%Operating ratio100.0101.11.1ppTotal tonnage per day (in thousands)28.2926.715.9%Total shipments per day (in thousands)48.3546.124.8%Revenue per hundredweight$23.36$23.320.2%Revenue per shipment$273$2701.2%           Percent Regional Transportation20142013ChangeWorkdays62.564.0 Operating revenues (in millions)$475.5$444.96.9%Operating income (in millions)23.225.2(7.9)%Operating ratio95.194.3(0.8)ppTotal tonnage per day (in thousands)32.8630.796.7%Total shipments per day (in thousands)44.9142.356.0%Revenue per hundredweight$11.58$11.302.5%Revenue per shipment$169$1643.2%

Liquidity

As of June 30, 2014, we had cash and cash equivalents and availability under our ABL Facility totaling $253.2 million, and cash and cash equivalents and amounts able to be drawn under our ABL Facility totaling $209.4 million.  The amount which is actually able to be drawn is limited by certain financial covenants in the ABL Facility. For comparison, as of March 31, 2014, we had cash and cash equivalents and availability of $223.0 million, and cash and cash equivalents and amounts able to be drawn totaling $183.2 million. For the six months ended June 30, 2014, cash used in operating activities was $55.6 million as compared to cash used in operating activities of $18.2 million for the six months ended June 30, 2013. 

Review of Financial Results

YRCW will host a conference call with the investment community today, Thursday, July 31, 2014, beginning at 4:30 p.m. EDT, 3:30 p.m. CDT. The call will be available to listeners as a live webcast and as a replay via the YRC Worldwide website yrcw.com.

Non-GAAP Financial Measures

Adjusted EBITDA (defined in our credit facilities as Consolidated EBITDA) is a non-GAAP measure that reflects the company's earnings before interest, taxes, depreciation, and amortization expense, and further adjusted for letter of credit fees, equity-based compensation expense, net gains or losses on property disposals and certain other items, including restructuring professional fees, expenses associated with certain lump sum payments to our IBT employees and results of permitted dispositions and discontinued operations as defined in the company's credit facilities. Adjusted EBITDA is used for internal management purposes as a financial measure that reflects the company's core operating performance. In addition, management uses adjusted EBITDA to measure compliance with financial covenants in the company's credit facilities.  Free cash flow and adjusted free cash flow are non-GAAP measures that reflect the company's operating cash flow minus gross capital expenditures and operating cash flow minus gross capital expenditures, excluding the restructuring professional fees included in operating cash flow, respectively. However, these financial measures should not be construed as better measurements than operating cash flow, net income or earnings per share, as defined by generally accepted accounting principles (GAAP).

Adjusted EBITDA, free cash flow and adjusted free cash flow have the following limitations:

  • Adjusted EBITDA does not reflect the interest expense or the cash requirements necessary to fund restructuring professional fees, letter of credit fees, service interest or principal payments on our outstanding debt or fund our lump sum payments to our IBT employees required under the ratified MOU;
  • Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements;
  • Equity-based compensation is an element of our long-term incentive compensation program, although adjusted EBITDA excludes certain employee equity-based compensation expense when presenting our ongoing operating performance for a particular period;
  • Adjusted free cash flow excludes the cash usage by the company's restructuring professional fees, debt issuance costs, equity issuance costs and principal payments on our outstanding debt and the resulting reduction in the company's liquidity position from those cash outflows;
  • Other companies in our industry may calculate adjusted EBITDA differently than we do, limiting their usefulness as a comparative measure.

Because of these limitations, adjusted EBITDA, free cash flow and adjusted free cash flow should not be considered a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using adjusted EBITDA, free cash flow and adjusted free cash flow as a secondary measure. The company has provided reconciliations of its non-GAAP measures, adjusted EBITDA, free cash flow and adjusted free cash flow, to GAAP operating income (loss) within the supplemental financial information in this release.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as "will," "expect," "intend," "anticipate," "believe," "project," "forecast," "propose," "plan," "designed," "enable," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain and are subject to significant business, economic, competitive, regulatory and other risks, uncertainties and contingencies, known and unknown, many of which are beyond our control. Our future financial condition and results could differ materially from those predicted in such forward-looking statements because of a number of factors, including (without limitation) our ability to generate sufficient cash flows and liquidity to fund operations and satisfy our cash needs and future cash commitments, including (without limitation) our obligations related to our substantial indebtedness and lease and pension funding requirements; the success of our management team in implementing its strategic plan and operational and productivity improvements, including (without limitation) our continued ability to meet high on-time and quality delivery performance standards, and the impact of those improvements to meet our future liquidity and profitability; our ability to finance the maintenance, acquisition and replacement of revenue equipment and other necessary capital expenditures; potential increase in our operating lease obligations resulting from our decision to defer the purchase of new revenue equipment; changes in equity and debt markets; inclement weather; price and availability of fuel; sudden changes in the cost of fuel or the index upon which we base our fuel surcharge and the effectiveness of our fuel surcharge program in protecting us against fuel price volatility; competition and competitive pressure on service and pricing; expense volatility, including (without limitation) volatility due to changes in purchased transportation service or pricing for purchased transportation; our ability to comply and the cost of compliance with federal, state, local and foreign laws and regulations, including (without limitation) laws and regulations for the protection of employee safety and health and the environment; terrorist attack; labor relations, including (without limitation) our ability to attract and retain qualified drivers, the continued support of our union employees with respect to our strategic plan, the impact of work rules, work stoppages, strikes or other disruptions, our obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction; the impact of claims and litigation to which we are or may become exposed; and other risks and contingencies, including (without limitation) the risk factors that are included in our reports filed with the SEC, including those described under "Risk Factors" in our annual report on Form 10-K and quarterly reports on Form 10-Q.

About YRC Worldwide

YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of successful companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. YRC Worldwide has one of the largest, most comprehensive less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence.

Please visit our website at www.yrcw.com for more information.

CONSOLIDATED BALANCE SHEETSYRC Worldwide Inc. and Subsidiaries(Amounts in millions except share and per share data)    June 30,December 31, 20142013ASSETS (Unaudited)     CURRENT ASSETS:  Cash and cash equivalents $ 173.9 $ 176.3Restricted amounts held in escrow 128.3 90.1Accounts receivable, net 556.6 460.9Prepaid expenses and other 100.7 70.6Total current assets 959.5 797.9   PROPERTY AND EQUIPMENT:  Cost 2,831.3 2,844.2Less - accumulated depreciation (1,800.2) (1,754.4)Net property and equipment 1,031.1 1,089.8   OTHER ASSETS:  Intangibles, net 70.5 79.8Restricted amounts held in escrow -- 0.6Deferred income taxes, net 18.4 18.3Other assets 100.0 78.5Total assets $ 2,179.5 $ 2,064.9   LIABILITIES AND SHAREHOLDERS' DEFICIT     CURRENT LIABILITIES:  Accounts payable $ 206.2 $ 176.7Wages, vacations, and employees' benefits 224.0 191.2Deferred income taxes, net 18.6 18.6Other current and accrued liabilities 197.7 189.5Current maturities of long-term debt 111.8 8.6Total current liabilities 758.3 584.6   OTHER LIABILITIES:  Long-term debt, less current portion 1,083.4 1,354.8Deferred income taxes, net 1.8 1.8Pension and postretirement 359.9 384.8Claims and other liabilities 338.5 336.3Commitments and contingencies     SHAREHOLDERS' DEFICIT:  Preferred stock, $1.00 par value per share  -- --Common stock, $0.01 par value per share  0.3 0.1Capital surplus 2,287.9 1,964.4Accumulated deficit (2,247.4) (2,154.2)Accumulated other comprehensive loss (310.5) (315.0)Treasury stock, at cost (410 shares) (92.7) (92.7) Total shareholders' deficit (362.4) (597.4)Total liabilities and shareholders' deficit $ 2,179.5 $ 2,064.9  STATEMENTS OF CONSOLIDATED COMPREHENSIVE LOSSYRC Worldwide Inc. and SubsidiariesFor the Three and Six Months Ended June 30(Amounts in millions except per share data, shares in thousands)(Unaudited)      Three MonthsSix Months 2014201320142013     OPERATING REVENUE $ 1,317.6 $ 1,242.5 $ 2,528.5 $ 2,405.0     OPERATING EXPENSES:    Salaries, wages and employees' benefits 740.7 717.5 1,466.4 1,398.5Operating expenses and supplies 292.0 285.8 575.7 553.6Purchased transportation 159.8 125.7 291.7 240.6Depreciation and amortization 41.0 43.5 82.0 87.1Other operating expenses 70.6 54.4 131.4 104.2(Gains) losses on property disposals, net (6.5) 1.3 (6.3) (3.2)Total operating expenses 1,297.6 1,228.2 2,540.9 2,380.8OPERATING INCOME (LOSS) 20.0 14.3 (12.4) 24.2     NONOPERATING (INCOME) EXPENSES:    Interest expense 31.7 41.9 89.9 81.1Gain on extinguishment of debt -- -- (11.2) --Other, net 1.1 (2.5) (4.0) (2.8)Nonoperating expenses, net 32.8 39.4 74.7 78.3     LOSS BEFORE INCOME TAXES (12.8) (25.1) (87.1) (54.1)INCOME TAX BENEFIT  (7.9) (10.0) (12.0) (14.5)NET LOSS (4.9) (15.1) (75.1) (39.6)AMORTIZATION OF BENEFICIAL CONVERSION FEATURE ON PREFERRED STOCK -- -- (18.1) -- NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (4.9) $ (15.1) $ (93.2) $ (39.6)      NET LOSS  $ (4.9) $ (15.1) $ (75.1) $ (39.6)OTHER COMPREHENSIVE INCOME, NET OF TAX 3.6 2.1 4.5 5.2 COMPREHENSIVE LOSS ATTRIBUTABLE TO YRC WORLDWIDE INC. $ (1.3) $ (13.0) $ (70.6) $ (34.4)     AVERAGE COMMON SHARES OUTSTANDING-BASIC 30,612 8,784 26,501 8,583AVERAGE COMMON SHARES OUTSTANDING-DILUTED 30,612 8,784 26,501 8,583     NET LOSS PER SHARE - BASIC $ (0.16) $ (1.72) $ (3.52) $ (4.62)NET LOSS PER SHARE - DILUTED $ (0.16) $ (1.72) $ (3.52) $ (4.62)  STATEMENTS OF CONSOLIDATED CASH FLOWSYRC Worldwide Inc. and SubsidiariesFor the Six Months Ended June 30(Amounts in millions)(unaudited)    20142013   OPERATING ACTIVITIES:  Net loss $ (75.1) $ (39.6)Noncash items included in net loss:  Depreciation and amortization 82.0 87.1Gain on extinguishment of debt (11.2) --Paid-in-kind interest on Series A Notes and Series B Notes 12.7 16.1Amortization of deferred debt costs 4.9 3.3Amortization of premiums and discounts on debt 20.1 4.2Equity based compensation expense  9.1 4.0Deferred income tax benefit, net (1.1) (0.8)Gains on property disposals, net (6.3) (3.2)Other noncash items, net (3.7) (1.1)Changes in assets and liabilities, net:  Accounts receivable (95.5) (65.5)Accounts payable 22.3 5.5Other operating assets (15.8) 0.4Other operating liabilities 2.0 (28.6)Net cash used in operating activities (55.6) (18.2)   INVESTING ACTIVITIES:  Acquisition of property and equipment (24.7) (39.1)Proceeds from disposal of property and equipment 7.3 4.2Restricted escrow receipts (deposits), net (37.5) 12.8Other 5.3 1.8Net cash used in investing activities (49.6) (20.3)   FINANCING ACTIVITIES:  Issuance of long-term debt 693.0 0.3Repayment of long-term debt (795.7) (4.6)Debt issuance costs (27.4) --Equity issuance costs (17.1) --Equity issuance proceeds 250.0 --Net cash provided by (used in) financing activities 102.8 (4.3)NET DECREASE IN CASH AND CASH EQUIVALENTS (2.4) (42.8)CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 176.3 208.7CASH AND CASH EQUIVALENTS, END OF PERIOD $ 173.9 $ 165.9   SUPPLEMENTAL CASH FLOW INFORMATION  Interest paid  $ (67.7) $ (57.2)Income tax refund, net 9.9 11.8  SUPPLEMENTAL FINANCIAL INFORMATIONYRC Worldwide Inc. and SubsidiariesFor the Three and Six Months Ended June 30(Amounts in millions)(Unaudited)       SEGMENT INFORMATION              Three MonthsSix Months 2014 2013%2014 2013%       Operating revenue:      YRC Freight $ 842.1 $ 797.6 5.6 $ 1,598.9 $ 1,551.4 3.1Regional Transportation 475.5 444.9 6.9 929.6 853.6 8.9Other, net of eliminations --  --   --  --  Consolidated  1,317.6 1,242.5 6.0 2,528.5 2,405.0 5.1       Operating income (loss):      YRC Freight (0.3) (8.5)  (32.8) (6.1) Regional Transportation 23.2 25.2  31.1 37.2 Corporate and other (2.9) (2.4)  (10.7) (6.9) Consolidated  $ 20.0 $ 14.3  $ (12.4) $ 24.2        Operating ratio:      YRC Freight100.0%101.1% 102.1%100.4% Regional Transportation95.1%94.3% 96.7%95.6% Consolidated98.5%98.8% 100.5%99.0%        Operating ratio is calculated as (i) 100 percent (ii) minus the result of dividing operating income by operating revenue or (iii) plus the result of dividing operating loss by operating revenue, and expressed as a percentage.       SUPPLEMENTAL INFORMATION    Book  As of June 30, 2014 Par ValueDiscountValue New term loan   $ 696.5 $ (6.5) $ 690.0 ABL facility - (capacity $450M; borrowing base $446.8M; availability $79.3M; amount able to be drawn $35.5M)   --  --  --  Series A Notes   88.8 (5.4) 83.4 Series B Notes   16.9 (1.8) 15.1 Secured Second A&R CDA   47.8 --  47.8 Unsecured Second A&R CDA   73.2 --  73.2 Lease financing obligations   285.5 --  285.5 Other   0.2 --  0.2  Total debt   $ 1,208.9 $ (13.7) $ 1,195.2            Premium/Book  As of December 31, 2013 Par Value(Discount)Value Restructured term loan   $ 298.1 $ 37.7 $ 335.8 ABL facility - Term A - (capacity $175M; borrowing base $156.5M; availability $51.5M)   105.0 (2.1) 102.9 ABL facility - Term B - (capacity $219.9M; borrowing base $219.9M; availability $0)   219.9 (3.9) 216.0 Series A Notes   177.8 (17.8) 160.0 Series B Notes   69.2 (10.5) 58.7 6% convertible senior notes   69.4 (1.1) 68.3 Pension contribution deferral obligations   124.2 (0.2) 124.0 Lease financing obligations   297.5 --  297.5 Other   0.2 --  0.2  Total debt   $ 1,361.3 $ 2.1 $ 1,363.4   SUPPLEMENTAL FINANCIAL INFORMATIONYRC Worldwide Inc. and SubsidiariesFor the Three and Six Months Ended June 30(Amounts in millions)(Unaudited)      Three Months Six Months  2014 20132014 2013Reconciliation of operating income (loss) to adjusted EBITDA:    Operating income (loss) $ 20.0 $ 14.3 $ (12.4) $ 24.2Depreciation and amortization 41.0 43.5 82.0 87.1(Gains) losses on property disposals, net (6.5) 1.3 (6.3) (3.2)Letter of credit expense 2.1 8.9 7.3 17.8Restructuring professional fees -- 1.5 1.1 2.8Permitted dispositions and other  -- (0.2) 0.1 (0.1)Equity based compensation expense 2.5 3.0 9.1 4.0Amortization of ratification bonus 5.2 -- 5.2 --Other nonoperating, net (a) (1.3) 1.8 (0.3) 1.7Adjusted EBITDA  $ 63.0 $ 74.1 $ 85.8 $ 134.3     (a) Other nonoperating, net excludes the impact of earnings (loss) of our equity method investment as well as non-cash foreign currency gains or losses.      Three Months Six Months Adjusted EBITDA by segment:2014 20132014 2013 YRC Freight $ 21.5 $ 30.0 $ 17.8 $ 63.6 Regional Transportation 42.1 42.5 68.0 71.5 Corporate and other (0.6) 1.6 0.0 (0.8)Adjusted EBITDA  $ 63.0 $ 74.1 $ 85.8 $ 134.3      Three Months Six Months  2014 20132014 2013Reconciliation of adjusted EBITDA to adjusted free cash flow (deficit):    Adjusted EBITDA  $ 63.0 $ 74.1 $ 85.8 $ 134.3Total restructuring professional fees -- (1.5) (1.1) (2.8)Cash paid for interest (28.3) (28.7) (67.7) (57.2)Cash paid for letter of credit fees (0.1) (9.0) (4.1) (15.0)Working capital cash flows excluding income tax, net (30.3) (36.4) (78.4) (89.3)Net cash provided by (used) in operating activities before income taxes 4.3 (1.5) (65.5) (30.0)Cash (paid for) received from income taxes, net (3.7) (2.8) 9.9 11.8Net cash provided by (used in) operating activities  0.6 (4.3) (55.6) (18.2)Acquisition of property and equipment (13.0) (21.9) (24.7) (39.1)Total restructuring professional fees --  1.5 1.1 2.8Adjusted free cash flow (deficit) $ (12.4) $ (24.7) $ (79.2) $ (54.5)  SUPPLEMENTAL FINANCIAL INFORMATIONYRC Worldwide Inc. and SubsidiariesFor the Three and Six Months Ended June 30(Amounts in millions)(Unaudited)      Three MonthsSix MonthsYRC Freight segment2014 20132014 2013Reconciliation of operating loss to adjusted EBITDA:    Operating loss $ (0.3) $ (8.5) $(32.8) $ (6.1)Depreciation and amortization 24.9 27.9 49.6 55.9(Gains) losses on property disposals, net (6.7) 1.0 (6.9) (3.5)Letter of credit expense 1.4 7.2 5.0 14.6Amortization of ratification bonus 3.3 -- 3.3 --Other nonoperating, net (a) (1.1) 2.4 (0.4) 2.7Adjusted EBITDA  $21.5 $30.0 $ 17.8 $63.6     (a) Other nonoperating, net excludes the impact of non-cash foreign currency gains or losses.      Three MonthsSix MonthsRegional Transportation segment2014 20132014 2013Reconciliation of operating income to adjusted EBITDA:    Operating income  $23.2 $25.2 $ 31.1 $37.2Depreciation and amortization 16.2 15.6 32.6 31.1Losses on property disposals, net  0.2 0.1 0.6 0.1Letter of credit expense 0.6 1.6 1.8 3.0Amortization of ratification bonus 1.9 --  1.9 Other nonoperating, net --  --  --  0.1Adjusted EBITDA $42.1 $42.5 $ 68.0 $71.5      Three MonthsSix MonthsCorporate and other segment2014 20132014 2013Reconciliation of operating loss to adjusted EBITDA:    Operating loss $ (2.9) $ (2.4) $(10.7) $ (6.9)Depreciation and amortization (0.1) --  (0.2) 0.1Losses on property disposals, net  --  0.2 --  0.2Letter of credit expense 0.1 0.1 0.5 0.2Restructuring professional fees --  1.5 1.1 2.8Permitted dispositions and other  --  (0.2) 0.1 (0.1)Equity based compensation expense 2.5 3.0 9.1 4.0Other nonoperating, net (a) (0.2) (0.6) 0.1 (1.1)Adjusted EBITDA $ (0.6) $ 1.6 $ 0.0 $ (0.8)     (a) Other nonoperating, net excludes the impact of earnings (loss) of our equity method investment as well as non-cash foreign currency gains or losses.  SUPPLEMENTAL FINANCIAL INFORMATIONYRC Worldwide Inc. and SubsidiariesFor the Trailing Twelve Months Ended June 30, 2014(Amounts in millions)(Unaudited)   2014Reconciliation of operating income (loss) to adjusted EBITDA: Operating loss $ (8.2)Depreciation and amortization 167.2Gains on property disposals, net (5.3)Letter of credit expense 23.4Restructuring professional fees 10.3Permitted dispositions and other  1.8Equity based compensation expense 10.9Amortization of ratification bonus 5.2Other nonoperating, net (a) 1.2Adjusted EBITDA  $ 206.5  (a) Other nonoperating, net excludes the impact of earnings (loss) of our equity method investment as well as non-cash foreign currency gains or losses.            YRC Worldwide Inc.Segment StatisticsQuarterly Comparison       YRC Freight    Y/YSequential 2Q142Q131Q14% (b)% (b)Workdays 63.5 64.0 63.0        Total picked up revenue (in millions) (a) $ 839.2 $ 797.5 $ 755.9 5.2 11.0Total tonnage (in thousands) 1,796 1,710 1,646 5.1 9.1Total tonnage per day (in thousands) 28.29 26.71 26.13 5.9 8.2Total shipments (in thousands) 3,070 2,952 2,772 4.0 10.8Total shipments per day (in thousands) 48.35 46.12 44.00 4.8 9.9Total picked up revenue/cwt. $ 23.36 $ 23.32 $ 22.96 0.2 1.8Total picked up revenue/shipment $ 273 $ 270 $ 273 1.2 0.2Total weight/shipment (in pounds) 1,170 1,159 1,188 1.0 (1.5)      (a) Reconciliation of operating revenue to total picked up revenue (in millions):  Operating revenue $ 842.1 $ 797.6 $ 756.8  Change in revenue deferral and other (2.9) (0.1) (0.9)  Total picked up revenue $ 839.2 $ 797.5 $ 755.9          Regional Transportation     Y/YSequential 2Q142Q131Q14% (b)% (b)Workdays 62.5 64.0 67.0        Total picked up revenue (in millions) (a) $ 475.6 $ 445.1 $ 454.4 6.9 4.7Total tonnage (in thousands) 2,054 1,970 2,015 4.2 1.9Total tonnage per day (in thousands) 32.86 30.79 30.08 6.7 9.2Total shipments (in thousands) 2,807 2,710 2,706 3.6 3.7Total shipments per day (in thousands) 44.91 42.35 40.38 6.0 11.2Total picked up revenue/cwt. $ 11.58 $ 11.30 $ 11.28 2.5 2.7Total picked up revenue/shipment $ 169 $ 164 $ 168 3.2 0.9Total weight/shipment (in pounds) 1,463 1,454 1,490 0.6 (1.8)      (a) Reconciliation of operating revenue to total picked up revenue (in millions): Operating revenue $ 475.5 $ 444.9 $ 454.1  Change in revenue deferral and other 0.1 0.2 0.3  Total picked up revenue $ 475.6 $ 445.1 $ 454.4        (a) Does not equal financial statement revenue due to revenue recognition adjustments between accounting periods.(b) Percent change based on unrounded figures and not rounded figures presented.        YRC Worldwide Inc.Segment StatisticsAnnual Comparison     YRC Freight YTDYTDY/Y 2Q142Q13% (b)Workdays 126.5 126.5     Total picked up revenue (in millions) (a) $1,595.2 $1,554.4 2.6Total tonnage (in thousands) 3,443 3,315 3.8Total tonnage per day (in thousands) 27.21 26.21 3.8Total shipments (in thousands) 5,842 5,716 2.2Total shipments per day (in thousands) 46.18 45.18 2.2Total picked up revenue/cwt. $ 23.17 $ 23.44 (1.2)Total picked up revenue/shipment $ 273 $ 272 0.4Total weight/shipment (in pounds) 1,179 1,160 1.6    (a) Reconciliation of operating revenue to total picked up revenue (in millions):Operating revenue $1,598.9 $1,551.4 Change in revenue deferral and other (3.7) 3.0 Total picked up revenue $1,595.2 $1,554.4       Regional Transportation  YTDYTDY/Y 2Q142Q13% (b)Workdays 129.5 126.5     Total picked up revenue (in millions) (a) $ 930.0 $ 854.1 8.9Total tonnage (in thousands) 4,069 3,802 7.0Total tonnage per day (in thousands) 31.42 30.05 4.5Total shipments (in thousands) 5,512 5,190 6.2Total shipments per day (in thousands) 42.57 41.03 3.7Total picked up revenue/cwt. $ 11.43 $ 11.23 1.7Total picked up revenue/shipment $ 169 $ 165 2.5Total weight/shipment (in pounds) 1,476 1,465 0.8    (a) Reconciliation of operating revenue to total picked up revenue (in millions):Operating revenue $ 929.6 $ 853.6 Change in revenue deferral and other 0.4 0.5 Total picked up revenue $ 930.0 $ 854.1     (a) Does not equal financial statement revenue due to revenue recognition adjustments between accounting periods.(b) Percent change based on unrounded figures and not rounded figures presented.

 

Issues: Freight
Categories: Labor News, Unions

U.S. West Coast ILWU Port Pay Talks Hinge on Health-Care Costs Increased By Obamacare

Current News - Fri, 08/01/2014 - 10:34

U.S. West Coast ILWU Port Pay Talks Hinge on Health-Care Costs Increased By Obamacare
http://www.bloomberg.com/news/2014-08-01/west-coast-port-talks-hinge-on-...
U.S. West Coast Port Pay Talks Hinge on Health-Care Costs
By James Nash and Michael B. Marois Jul 31, 2014 9:01 PM PT
inistration’s $150 million tax on health insurance for 20,000 dockworkers at West Coast ports is complicating contract negotiations whose failure could shut down 29 ports at a cost of $2 billion a day.

The International Longshore and Warehouse Union and their employers represented by the Pacific Maritime Association said they’re discussing whether workers, shippers or both should foot the bill for the Affordable Care Act’s 40 percent tax on the most generous health-care plans, which takes effect in 2018.

A six-year pact covering ports from San Diego to Bellingham, Washington, expired July 1. The two sides resume negotiations Aug. 4 to avoid a repeat of a 2002 lockout that lasted 10 days at a cost to the economy of about $1 billion per day. The health-care tax is a vexing issue for both the union and management because it may set a precedent, said Nelson Lichtenstein, director of the Center for the Study of Work, Labor, and Democracy at the University of California at Santa Barbara.

“The ILWU is really one of the first unions to negotiate this,” Lichtenstein said in a telephone interview. “It could set a precedent for other workers in other industries if the ILWU has to eat this.”

The West Coast ports, which contribute 12.5 percent to the U.S. gross domestic product, have been squeezed by competitors in Mexico, Canada and the Gulf Coast and East Coast in the U.S., and will be pressured by the opening of the expanded Panama Canal in 2015. The West Coast ports’ share of U.S. shipping trade volume fell to 43.5 percent in 2013 from 48.6 percent in 2008, according to a maritime association report.

Major Issue

Employers will have to decide whether to reduce health benefits below the threshold to avoid the tax or try to shift the cost to workers, said J.D. Piro, a senior vice president at Aon Plc (AON)’s Aon Hewitt who heads the consulting firm’s health-benefits practice legal group.

“This will come up in just about every contract negotiation out there,” Piro said by telephone. “Every employer is going to be calculating when and if they hit the threshold and how they’re going to pay for this.”

Craig Merrilees, a spokesman for the union, and Wade Gates, a spokesman for the maritime association, both based in San Francisco, called health-care a major issue in negotiations. In separate interviews, they declined to spell out their sides’ bargaining positions, saying the talks are confidential.

“Nobody’s interested in paying the cost,” Merrilees said. Dock workers “feel strongly about the need to maintain their benefits.”

Excise Tax

The Affordable Care Act imposes a 40 percent excise tax on health insurance plans exceeding $10,200 in benefits for individuals and $27,500 for families, indexed for inflation. Dockworkers, retirees and their families receive fully paid health care valued at more than $40,000 per employee,according to information on the Pacific Maritime Association website. Health care for workers and their families costs $1.6 million per day, according to the association’s annual report.

The employers paid $1.4 billion in wages in 2013. They had $1.3 billion more in benefit costs last year, up 244 percent since 2002, according to the annual report.

“The critical issue they are facing is Obamacare,” said Jock O’Connell, an international trade economist based in Sacramento. “The dock workers do enjoy the Cadillac benefits that are subject to taxation under Obamacare.”

Merrilees objected to the “Cadillac” label, saying health benefits for longshore workers are comparable “to what most Americans had until recently.”

Making Progress

Negotiators have been making progress toward a new contract since talks began in San Francisco in May, Merrilees said. He declined to say whether the agreement would be for six years or less. At a conference in March sponsored by the Journal of Commerce, maritime association President James McKenna speculated that the two sides might reach a three-year deal to postpone a resolution of the health-care tax issue, according to the trade publication.

McKenna said the issue was causing employers “a tremendous amount of heartburn,” according to the Journal.

Dockworkers have continued loading and unloading cargo since the contract expired, first under an extension of the terms and now without a contract.

The 2002 lockout, which ended when then-President George W. Bush invoked the Taft-Hartley Act to reopen the ports, cost the economy about $1 billion a day, according to the Pacific Maritime Association.

Another shutdown of West Coast ports would put 169,000 people out of work, cost $7.1 billion in lost imports and exports and drain $2.1 billion a day from the U.S. economy, the National Retail Federation and National Association of Manufacturers said in a June report.

To contact the reporters on this story: James Nash in Los Angeles at jnash24@bloomberg.net; Michael B. Marois in Sacramento at mmarois@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman atsmerelman@bloomberg.net Jeffrey Taylor, Pete Young

Tags: ilwuObamacare
Categories: Labor News

Final countdown for ITF’s first fully digital congress!

ITF - Fri, 08/01/2014 - 01:31
Final preparations are underway for the 43rd ITF congress which will kick off in Sofia, Bulgaria on 10 August.
Categories: Union Federations

USA: Labor Board Ruling Against McDonald’s a Huge Boost for Union

Labourstart.org News - Thu, 07/31/2014 - 17:00
LabourStart headline - Source: The New American
Categories: Labor News

Palestine: ITUC Call to Action on Gaza

Labourstart.org News - Thu, 07/31/2014 - 17:00
LabourStart headline - Source: ITUC
Categories: Labor News

Australia: Rio Tinto's 'sustainable mining' claims exposed

Labourstart.org News - Thu, 07/31/2014 - 17:00
LabourStart headline - Source: IndustriALL Global Union
Categories: Labor News

Trusteeship Hits Chicago Local 710

Teamsters for a Democratic Union - Thu, 07/31/2014 - 08:15

July 31, 2014: James Hoffa yesterday imposed an “emergency” trusteeship over Local 710, and appointed Chicago Teamster boss John Coli as trustee. The trusteeship follows a July 17 report by the Independent Review Board on the lack of financial controls in the local union.

Many members of Local 710 are eager to clean house in the next election, and want to know how this trusteeship will affect those efforts.

A trusteeship is “presumed invalid” after 18 months, so we fully expect an election on that time schedule. That will be in early 2016, just the same time that Local 710 – and almost all locals – will elect delegates to the 2016 IBT Convention where candidates will be nominated to run for General President and all IBT offices, including Coli’s office.

A majority of the local’s 13,000 members are employed by UPS, ABF, UPS Freight and YRC. All of those groups of workers have rejected concessions by big margins in the past year, and are ready for real changes. Many have contacted Teamsters for a Democratic Union since yesterday to talk about future plans

The local includes all UPS Teamsters in Illinois outside the Chicago area, as well as Northern Indiana and Davenport, Iowa.

Those 6,000 UPS Teamsters rejected their contract last February by a 73% margin, and since then have been in the dark. The union falsely put on the ballot that a rejection would lead to an immediate strike. 

Trustee John Coli will now oversee bargaining with UPS. Coli supported every concessionary deal that the IBT has served up at UPS, UPS Freight, ABF and YRC.

The IRB Report details the charges against Local 710 secretary-treasurer Pat Flynn for purchasing $58,000 worth of gift cards over several years, without any accounting of what happened to those visa cards. It goes on to note that the local entered into leases and car purchases without executive board approval; that the trustees on the executive board did not review the cancelled checks compared to the books; and that the local financial reports failed to disclose $494,468 in “commissions” owed to officers. That liability would have led to the local reporting large negative net assets.

Members of Local 710 interested in being kept informed of developments can contact TDU by calling 313-842-2600 or emailing info [at] tdu [dot] org


 

Categories: Labor News, Unions

ABF Reports 14 Percent Revenue Increase

Teamsters for a Democratic Union - Thu, 07/31/2014 - 07:57
John LovettTimes RecordJuly 31, 2014View the original piece

Fort Smith-based ArcBest Corp. reported a 14-percent increase in revenue for this year’s second quarter led by performances at its two largest operating companies, ABF Freight and Panther Premium Logistics.

ArcBest’s second-quarter 2014 revenue was $658.6 million compared to revenue of $576.9 million in the second quarter of 2013, an increase of 14 percent. Second-quarter net income was $17.2 million compared to second-quarter 2013 net income of $4.9 million. On a per-share basis, this represents ArcBest’s most profitable quarter in six years, a news release states.

At ABF Freight, second-quarter revenue rose to $492.9 million from $446.8 million, while operating income increased to $22.8 million from $5.5 million in second quarter 2013. Cost as a percentage of revenue improved to 95.4 percent following implementation of the new labor agreement in November 2013, compared with 98.8 percent in the year-ago period.

ArcBest’s emerging, non-asset-based businesses, including Panther, grew combined revenues at a rate of 28 percent. During the second quarter, these businesses equaled 27 percent of total consolidated revenue compared to 24 percent during the same period last year. Second quarter 2014 earnings before interest, taxes, depreciation and amortization (EBITDA) at the non-asset-based businesses was $10.2 million, an increase of 47 percent compared to EBITDA in the second quarter of 2013.

“Our second-quarter results improved significantly from both the first quarter of 2014 and the year-ago quarter, which was welcome news as we emerged from the harsh winter weather earlier this year,” ArcBest President and CEO Judy R. McReynolds stated in the release.

McReynolds noted as the economy picked up in the second quarter, ABF Freight saw better pricing conditions and a positive impact from the new labor agreement with the Teamsters union.

“Panther reported one of the strongest quarters in its history,” she stated. “We are also seeing more customers buying at the enterprise level, when they require two or more ArcBest services.”

McReynolds said the company’s new brand identity, logos, advertising campaign and tagline, “The Skill & The Will” — which were launched on April 30 — have been well-received by customers and employees. A new website, TheSkillandTheWill.com, will be launched in early August to tell the stories of customers who have “benefited from employees’ willingness to go above and beyond, every day, to solve complex logistics challenges,” and “the broader story of the company’s culture through the eyes of the customer,” McReynolds said.

- See more at: http://swtimes.com/business/arcbest-reports-14-percent-revenue-increase#...

Fort Smith-based ArcBest Corp. reported a 14-percent increase in revenue for this year’s second quarter led by performances at its two largest operating companies, ABF Freight and Panther Premium Logistics.

ArcBest’s second-quarter 2014 revenue was $658.6 million compared to revenue of $576.9 million in the second quarter of 2013, an increase of 14 percent. Second-quarter net income was $17.2 million compared to second-quarter 2013 net income of $4.9 million. On a per-share basis, this represents ArcBest’s most profitable quarter in six years, a news release states.

At ABF Freight, second-quarter revenue rose to $492.9 million from $446.8 million, while operating income increased to $22.8 million from $5.5 million in second quarter 2013. Cost as a percentage of revenue improved to 95.4 percent following implementation of the new labor agreement in November 2013, compared with 98.8 percent in the year-ago period.

ArcBest’s emerging, non-asset-based businesses, including Panther, grew combined revenues at a rate of 28 percent. During the second quarter, these businesses equaled 27 percent of total consolidated revenue compared to 24 percent during the same period last year. Second quarter 2014 earnings before interest, taxes, depreciation and amortization (EBITDA) at the non-asset-based businesses was $10.2 million, an increase of 47 percent compared to EBITDA in the second quarter of 2013.

“Our second-quarter results improved significantly from both the first quarter of 2014 and the year-ago quarter, which was welcome news as we emerged from the harsh winter weather earlier this year,” ArcBest President and CEO Judy R. McReynolds stated in the release.

McReynolds noted as the economy picked up in the second quarter, ABF Freight saw better pricing conditions and a positive impact from the new labor agreement with the Teamsters union.

“Panther reported one of the strongest quarters in its history,” she stated. “We are also seeing more customers buying at the enterprise level, when they require two or more ArcBest services.”

McReynolds said the company’s new brand identity, logos, advertising campaign and tagline, “The Skill & The Will” — which were launched on April 30 — have been well-received by customers and employees. A new website, TheSkillandTheWill.com, will be launched in early August to tell the stories of customers who have “benefited from employees’ willingness to go above and beyond, every day, to solve complex logistics challenges,” and “the broader story of the company’s culture through the eyes of the customer,” McReynolds said.

- See more at: http://swtimes.com/business/arcbest-reports-14-percent-revenue-increase#...

Fort Smith-based ArcBest Corp. reported a 14-percent increase in revenue for this year’s second quarter led by performances at its two largest operating companies, ABF Freight and Panther Premium Logistics.

ArcBest’s second-quarter 2014 revenue was $658.6 million compared to revenue of $576.9 million in the second quarter of 2013, an increase of 14 percent. Second-quarter net income was $17.2 million compared to second-quarter 2013 net income of $4.9 million. On a per-share basis, this represents ArcBest’s most profitable quarter in six years, a news release states.

At ABF Freight, second-quarter revenue rose to $492.9 million from $446.8 million, while operating income increased to $22.8 million from $5.5 million in second quarter 2013. Cost as a percentage of revenue improved to 95.4 percent following implementation of the new labor agreement in November 2013, compared with 98.8 percent in the year-ago period.

ArcBest’s emerging, non-asset-based businesses, including Panther, grew combined revenues at a rate of 28 percent. During the second quarter, these businesses equaled 27 percent of total consolidated revenue compared to 24 percent during the same period last year. Second quarter 2014 earnings before interest, taxes, depreciation and amortization (EBITDA) at the non-asset-based businesses was $10.2 million, an increase of 47 percent compared to EBITDA in the second quarter of 2013.

“Our second-quarter results improved significantly from both the first quarter of 2014 and the year-ago quarter, which was welcome news as we emerged from the harsh winter weather earlier this year,” ArcBest President and CEO Judy R. McReynolds stated in the release.

McReynolds noted as the economy picked up in the second quarter, ABF Freight saw better pricing conditions and a positive impact from the new labor agreement with the Teamsters union.

“Panther reported one of the strongest quarters in its history,” she stated. “We are also seeing more customers buying at the enterprise level, when they require two or more ArcBest services.”

McReynolds said the company’s new brand identity, logos, advertising campaign and tagline, “The Skill & The Will” — which were launched on April 30 — have been well-received by customers and employees. A new website, TheSkillandTheWill.com, will be launched in early August to tell the stories of customers who have “benefited from employees’ willingness to go above and beyond, every day, to solve complex logistics challenges,” and “the broader story of the company’s culture through the eyes of the customer,” McReynolds said.

Categories: Labor News, Unions

Black SEIU 1021 BART workers find racist threats on lockers, lawyer says

Current News - Wed, 07/30/2014 - 19:57

Black SEIU 1021 BART workers find racist threats on lockers, lawyer says
http://www.sfchronicle.com/bayarea/article/Black-BART-workers-find-racis...
By Michael Cabanatuan
July 30, 2014
A group of African American BART track maintenance workers say they were subjected to racist death threats at work last month - the latest incident in a continuing pattern of racial discrimination and harassment.
An attorney for the workers says racist incidents have continued even after a lawsuit was filed on behalf of the workers late last year. In the latest episode, graffiti was sloppily scrawled with a black marker on three of the workers' lockers on June 27, said Jody LeWitter, the attorney representing workers. It read: "F- you (first name of worker) dies N-."

LeWitter said that BART has been slow to investigate the incident, which came several months after the workers filed suit in Alameda County Superior Court in December, alleging discrimination in promotions and training, as well as racist graffiti scrawled on lockers and in restroom stalls.
While BART ignored prior incidents, dismissing them as "horseplay," the transit agency is investigating the latest, LeWitter said. But the investigation has taken more than a month, which she described as unusually long.
BART officials did not respond to multiple requests for comments on the incidents and the lawsuit Tuesday and Wednesday.
The workers said in a statement that they considered the graffiti "threatening, racist, retaliatory, hateful and criminal," and that they feared the potential of violence while working on tracks at night. The workers said they declined to report to work after the June incident but have since returned, under protest, after being ordered to do so.
LeWitter described the incidents as an ongoing problem that BART managers have failed to address.
"This seems to be racism at the lowest levels of employees with lower-level managers who either engage it or ignore it," she said. "And up the chain, managers ignore it as being just part of the work environment."

Michael Cabanatuan is a San Francisco Chronicle staff writer. E-mail: mcabanatuan@sfchronicle.com Twitter: @ctuan

Tags: seiu 1021BARTracism
Categories: Labor News

Hoffa Escalates Attack on the Right to Vote

Teamsters for a Democratic Union - Wed, 07/30/2014 - 12:12

july 30, 2014: The Hoffa administration is escalating its attack on Teamster voting rights. Hoffa administration lawyers are filing new papers with Judge Loretta Preska in a bid to end fair, independently supervised elections in the Teamsters. The case could be decided as early as September.

Judge Preska can’t just hear from Hoffa. She needs to hear from us.

More than 3,000 Teamsters have signed an Open Letter to Judge Preska, including 1,744 who have signed online.

We’ve set a goal of delivering 10,000 petition signatures to Judge Loretta Preska by Labor Day.

Can you help us reach our goal and save the right to vote by:

Clicking here to sign the petition?

Emailing a link to the petition to your friends and asking them to sign and sharing it on your Facebook wall?

If you’d like copies of the petition form and a leaflet explaining the issue to distribute, please contact TDU at 313-842-2600 or info [at] tdu [dot] org and we’ll be happy to mail you a packet immediately.

You can click here to read more background on this campaign and on the importance of independent oversight in protecting members’ rights.

Categories: Labor News, Unions

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