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Author ArchiveThis poll ends on the 7th Contract Poll, FIRST PREVIEW POLL ends on the 7th
Total Voters: 40  Loading ...
Jul
02
2008
 
Summary of Key Language in the Proposed Carhaul ContractPosted by: Chainsdraging in Carhaul News, Contract, TDU
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 on this post - (1) PostsTDU - Teamsters for a Democratic Union July 2, 2008: Below are key details of the concessions that are in the proposed carhaul contract. Job Security Click to continue reading “Summary of Key Language in the Proposed Carhaul Contract”
Jul
02
2008
Leaders of Carhaul Local Unions Unanimously Endorse Tentative AgreementPosted by: Chainsdraging in Carhaul News, Contract
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on this post - (1) PostsJuly 2, 2008 Leaders of carhaul local unions from across the country unanimously endorsed the tentative National Master Updates on the Central-Southern, Eastern and Western supplements are now available for download. View the Tentative National Master Automobile Transporters Agreement and Supplements
Jul
02
2008
Merrill says GM bankruptcy possiblePosted by: Chainsdraging in Auto Manufactures, General Motors
Wednesday July 2, 12:42 pm ET DETROIT (Reuters) - General Motors Corp (NYSE:GM - News) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is “not impossible” if the U.S. auto market continues to slump, Merrill Lynch said. Other analysts have suggested GM, whose shares fell to a new 54-year low on Wednesday, needs to raise funds to ride out the downturn in the U.S. auto market through 2009.
But Merrill’s estimate of GM’s financing needs is the highest yet. It also carried the most stark warning of the bankruptcy risk for the largest U.S. automaker. GM declined to comment directly on the Merrill Lynch report but it believes it has sufficient liquidity for 2008 despite lower volumes and could take more steps to cut costs if sales conditions worsen. “If conditions continue to deteriorate, we would consider other operating measures,” GM spokeswoman Renee Rashid-Merem told Reuters.
Jul
01
2008
Employers Deny Job Rights to PTS TeamstersPosted by: Chainsdraging in Carhaul News, Contract, PTS, TDU, Teamsters, tags: m, topJune 17, 2008: TDU NEWS, READ THE REST UPDATE
ORIGINALLY Published on:
June 17, 2008 at 6:50 pm moved due to popularity
In the wake of PTS’s closure, carhaul employers are trying to violate the national contract and deny the right of PTS Teamsters to follow their work. This attack on our contract, our solidarity, and on Teamsters who struck when they were called out by the International Union cannot be tolerated. All these Teamsters ask is that Article 5 of the contract be honored by Jack Cooper, Allied, Cassens and Active Transportation. At the national grievance hearing today, the employers refused to abide by the contract, and deadlocked initial cases, including Kentucky Local 651 vs. Cassens, and Dallas Local 745 vs. Jack Cooper. Those hearings will continue tomorrow, but the initial cases show that a stronger stand will be needed to protect our jobs and seniority rights. TDU - Teamsters for a Democratic Union
July 1, 2008:Tomorrow union officials will meet in Detroit to discuss the details of the national carhaul contract. Carhaulers have been calling and emailing Teamsters for a Democratic Union with their opinions and concerns on the new contract. Here’s what one brother had to say: “In my view, if Article 48 is amended in such a way that we lose……………………. American Axle & Manufacturing Holdings Inc. has paid CEO Richard E. Dauch an $8.5 million cash bonus for his “leadership role” through an acrimonious three-month union strike that ended with a concessionary contract that slashed factory wages. American Axle, whose stock has fallen nearly 55 percent in 2008, disclosed the cash bonus, a 10 percent base pay increase for Dauch and additional stock… [REG] 12:01 am U.S. ET | June 30 Desperate times, desperate measuresStagflation — perhaps the worst-case scenario for automakers and suppliers — is roiling the auto industry. Suppliers of raw materials such as oil, rubber, steel and plastic resins are imposing huge price increases as vehicle sales collapse. Automakers appear helpless to fend off those rising materials costs. And it seems unlikely that they can pass along the increases to consumers... 12:01 am U.S. ET | June 30 The Detroit 3 cash crunch: How bad is it?Can the Detroit 3 hang on? The startling collapse in sales since April means the three automakers are burning through cash reserves at a terrifying rate. Suddenly they have far more urgent deadlines for fixing their businesses. And they are considering a new range of actions that a few months ago were not on the table. 12:01 am U.S. ET | June 30 Major sales declines expected for JuneTuesday, July 1, is shaping up to be one of the darkest days in decades for the U.S. auto industry. Automakers will likely report June sales declines that underscore just how much consumer demand for vehicles — especially for the heavy sort that were once dear to the Detroit 3 — has declined as... 3:45 pm U.S. ET | June 30 You wonder why you will soon be paying 7 dollars a gallon and nobody is buying cars. Here it is straight from one of your Democrat leaders. The disproved Global Warming Theory
AS POSTED ON TDU - Teamsters for a Democratic UnionJune 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. Click here to read more at fleetowner.com
Jun
27
2008
Carhaul: What You Don’t Know May Hurt YouPosted by: Chainsdraging in Carhaul News, Contract, TDU, union, tags: Carhaul, Contract, Fred, PTS, TDU, top, Zuckerman
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on this post - (1) PostsTDU - 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. Click to continue reading “Carhaul: What You Don’t Know May Hurt You”
Jun
24
2008
Ballots Scheduled to Be Mailed to Members July 10Posted by: Chainsdraging in Carhaul News, Contract, Teamsters
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on this post - (1) PostsCarhaul Local Union Leaders to Review Tentative Agreement on July 2 Leaders from local unions that represent carhaul members will meet July 2 in Detroit to review the tentative national agreement that was reached June 19. Click to continue reading “Ballots Scheduled to Be Mailed to Members July 10″
Detroit News Auto Writer Bryce Hoffman and photographer John T. Greilick visited Brazil and Argentina to research this series on the South American auto boom and how it’s affecting lives in both hemispheres. Interactive: A tour of Ford’s Brazil plant Ford’s most advanced assembly plant operates in rural Brazil –08/22/2007
South America’s Auto Boom: First of three partsBrazil, Argentina buoy Detroit’s automakersClick to continue reading “South of the equator, Ford and GM prosper”
Jun
22
2008
Carhaul Contract PollPosted by: Chainsdraging in Carhaul News, Contract, Teamsters, polls, tags: top
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on this post - (2) PostsSoon we will be voting on this Contract, what ever it is, and I will be running some polls if you are interested. This particular poll is open to all including guests. It can only be so accurate as we can not verify the Participants Loading ...
Jun
20
2008
GM, Ford, Chrysler Credit Ratings May Be Cut by S&P (Update3)Posted by: Chainsdraging in Auto Manufactures, Carhaul News, Chrysler, Ford, General MotorsBy Caroline Salas June 20 (Bloomberg) — General Motors Corp., Ford Motor Co. and Chrysler LLC credit ratings may be lowered by Standard & Poor’s as higher gas prices inflict “financial damage” on the auto industry. S&P placed the carmakers’ credit ratings, already five levels below investment grade, on CreditWatch negative, according to a statement today. New York-based S&P, a unit of McGraw-Hill Cos., said it may also downgrade their financing arms. While the carmakers will be able to pay their debts this year, their cash may shrink to “undesirable levels” by the end of 2009, S&P said.
Jun
19
2008
Teamster Carhaul Negotiators Reach Tentative National AgreementPosted by: Chainsdraging in Carhaul News, Contract, Pension, Teamsters
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on this post - (1) PostsDespite Tough Economic Conditions, Leaders Address Members’ Concerns June 19, 2008 Faced with a very tough economic environment, Teamster carhaul negotiators reached a tentative national agreement today with the National Automobile Transporters Labor Division in Detroit, Michigan that protects members’ job security and maintains their benefits over the contract’s three-year duration.
Click to continue reading “Teamster Carhaul Negotiators Reach Tentative National Agreement”
Jun
17
2008
PTS Strike Over—National Bargaining Continues This WeekPosted by: Chainsdraging in Carhaul News, Contract, PTS, TDU, TeamstersJune 17, 2008: TDU NEWS Today there is a hearing in Romulus, Mich. on seniority issues at some 15 locations. Teamsters from many terminals are attending the hearing. PTS Teamsters in many areas are nervous because they have seen nonunion operators like United Road Service, Sierra Mountain and Accurate Auto Carriers hauling PTS’s former traffic. Mechanics, yard and office Teamsters are also concerned for their jobs. They were as much a part of the strike as the drivers.
Jun
16
2008
No. 2 vehicle hauler will go out of businessPosted by: Chainsdraging in Carhaul News, PTS, TeamstersAndrew Grossman DETROIT — The nation’s second-largest vehicle hauler says it will stop all operations and go out of business. Decreasing volume and rising fuel prices had driven Performance Transportation Services Inc. into bankruptcy twice in the past 2½ years. Last week, a Teamsters union strike against the company dealt the final blow. Original Article | Last updated: June 15 2008 17:48 Saudi Arabia is considering boosting oil production to its highest level in more than 25 years in order to bring down record prices and ease political pressure from the US and other developed countries. Click to continue reading “Saudis eye large boost to oil output capacity” |
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