Archive for the Teamsters Category
Andrew Grossman
Automotive News
June 16, 2008 - 9:56 am ET
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.
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Lenders Pull Plug on Company
June 10, 2008
PTS announced today that it was shutting down, effective today, and Teamster carhaul negotiators are setting the record straight about the company’s demise.
“In its announcement, PTS suggested that our failure to accept its most recent proposal led to the closure, but nothing could be further from the truth,” said Fred Zuckerman, Teamsters Carhaul Director. “We learned this afternoon that PTS permanently closed its doors after its primary lenders, Black Diamond Capital Management, cut off access to its credit facility earlier this week.
READ MORE……
“PTS employees should contact their local union for additional information regarding work opportunities and other assistance that may help them,” Zuckerman said. “The union will send additional information to the local unions as we learn more about which carriers may be serving the auto manufacturers in your area the future.”
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Letter from Jeff Cornish President and CEO
To All PTS Employees
I’m sorry to Report that PTS has commenced the winding down of it’s operations
Read it here
Thanks to one of our members on bringing it to my attention
From Unemployed
Comment:
Quote from Jeff Cornish correspondence dated June 13, 2008:
“We are ceasing all operations and commencing to close PTS and its related companies effective today June 13, 2008″ For more see the PTS website. All correspondence has been publically posted on the web site.
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Car hauler drops motion to stop Teamsters strike
Andrew Grossman
Automotive News
June 13, 2008 - 3:32 pm ET
Performance Transportation Services Inc. today dropped its motion for an injunction to stop the Teamsters strike against the car hauler.
A spokeswoman for Performance Transportation Services said the move was related to negotiations with the Teamsters but declined to elaborate. A hearing on the motion had been scheduled for 2 p.m. today in U.S. Bankruptcy Court in Buffalo, N.Y.
Performance Transportation Services’ major creditors have asked a judge to convert the case to a Chapter 7 liquidation from a Chapter 11 reorganization.
A hearing on the motion is scheduled for Tuesday, June 17. At the creditors’ request, the judge in the case moved the hearing forward by almost a month. In court filings, the creditors said the strike has effectively dashed any hopes that Performance Transportation Services might have had of remaining viable.
More news………….
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June 12, 2008
Teamster carhaul negotiators met with PTS officials this morning in Cleveland with both sides exchanging proposals in an effort to end a four-day strike.
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Union Has Offered to Meet With Company on Thursday, June 12
TEAMSTER.ORG
http://www.teamster.org/08news/hn_080611_3.asp
June 11, 2008
In PTS’s June 10th letter to TNATINC Co-Chairman Fred Zuckerman, PTS’s President Jeffrey Cornish stated that PTS was prepared to meet with the union anytime, anywhere to discuss the present situation.
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Zuckerman Says Union Negotiators Are Available Thursday
June 10, 2008
PTS President/CEO Jeffrey Cornish has asked Teamsters Carhaul Division Director Fred Zuckerman to sit down for contract talks, and Zuckerman said the union is willing to meet on Thursday, June 12 in Cleveland.
However, the union will continue the strike against PTS in the meantime. Cornish, in his letter dated today, had also asked that the union end the strike until the meeting takes place, although Cornish stated that ending the strike was not a condition to having the meeting.
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Jun
05
2008
Posted by: Chainsdraging in Carhaul News, Contract, PTS, Teamsters, tags: bankruptcy, Carhaul, court, Cuts, Fred, negotiator, NMATA, performance transportation Services, PTS, Teamsters, top, wage, Zuckerman
PTS has posted on their web site
COURT APPROVES 1113e MOTION 6-4-08.pdf
To: ALL PTS Employees
Today, the United States Bankruptcy Judge overseeing PTS’s Chapter 11 case approved a 15% reduction in the wages or our teamster employees. This reduction was approved for an 8 week period ending July 31st, and this is temporary in nature.
Also posted on their site
Interim Relief Questions and Answers 6-5-08.pdf
COURT APPROVES 1113e MOTION 6-4-08.pdf
Letter-To Frederick Perillo-IBT Counsel-May 31 08.pdf
STRIKE CONCERNS!! 5-30-08.pdf
PTS TAKES ACTION TO ASSURE FUTURE!! 5-29-08.pdf
DONT BELIEVE THE FALSE INFORMATION!!! 5-31-08.pdf
Thanks to our member JerseyDevil for the find of this Article
UPDATE
The Teamsters Respond
Teamsters Weigh Options After PTS Wage Cuts Approved By Court
Union Leaders Urge Company to Return to Talks; Drop Pay Reductions
June 2, 2008
A U.S. bankruptcy court judge has approved Performance Transportation Services, Inc.’s (PTS) request for 15-percent wage cut, and Teamster leaders are weighing all options in order to fight the company’s move.
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Jun
02
2008
Posted by: Chainsdraging in Carhaul News, Contract, Teamsters, tags: , Carhaul, committee, Contract, national, negotiating, PTS, strke, Teamsters
Members’ Job Security, Wages, Benefits Will Be Protected
June 2, 2008
The Teamsters national carhaul negotiating committee is making progress and is on track to reach a tentative carhaul agreement when talks resume next week in Cleveland.
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