Archive for June 27th, 2008

Active Owner: JHT Holdings Files Chapter 11

Friday, June 27th, 2008

AS POSTED ON TDU - Teamsters for a Democratic Union

June 27, 2008: The effects of the struggling economy on the trucking industry have hit JHT Holdings Inc., a holding company specializing in the transportation of heavy- and medium-duty trucks.

The Kenosha, WI-based company and its 16 subsidiaries filed Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court for the District of Delaware. The filing was voluntary and pre-negotiated with many of its lenders, the company said. Chapter 11 filings allow a company to reorganize financially while seeking relief from creditors.

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Carhaul: What You Don’t Know May Hurt You

Friday, June 27th, 2008

TDU - Teamsters for a Democratic Union

June 27, 2008: The International Union is being even more secretive than usual about what is in the proposed tentative carhaul contract.

As reports of concessions leak out, members are ready to demand some answers.

We know that it’s a three-year deal, which very likely means that Allied Teamsters would get stuck with an extra year of wage cuts: their concession deal expires in two years, but has no “snap back” clause to automatically bring them back to union scale. A two-year contract would put all carhaulers back on the same page.

(more…)

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Posted in Carhaul News, Contract, TDU, UNION | No Comments »