Soon 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

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By 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.
READ MORE

June 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.

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.

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.

History of Father’s Day

Mrs. John B. Dodd, of Washington, first proposed the idea of a “father’s day” in 1909. Mrs. Dodd …..

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

http://www.pts-inc.biz

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.

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………….

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.

Andrew Grossman
Automotive News
June 11, 2008 - 11:25 am ET

DETROIT — The Teamsters strike against one of North America’s largest vehicle haulers continued today, but the two sides could return to the bargaining table as early as Thursday, June 12.

The national average price of diesel fuel fell for a second straight week,
dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department
of Energy said Monday.
READ MORE>

PTS hauls for most North American automakers

Andrew Grossman
Automotive News
June 9, 2008 - 10:11 am ET
UPDATED: 6/9/08 2:34 p.m. EDT

A Teamsters strike against the nation’s second-largest vehicle hauler won’t immediately affect deliveries to dealers of General Motors and Ford Motor Co. vehicles, say spokespeople for the two automakers.

Teamsters drivers went on strike against Performance Transportation Services Inc. this morning. Performance Transportation, of suburban Detroit, hauls light vehicles for almost all of the major automakers that sell vehicles in the United States, according to the company’s Web site.

Job Action Affects About 1,250 Workers at 24 Terminals Across the Country

June 9, 2008

(Washington, D.C.) – Teamster carhaul members employed at Performance Transportation Services Inc. went on strike against the company at 9 a.m. EDT today to enforce the union’s bargaining table demands.

The nationwide strike affects 24 terminals and about 1,250 Teamster employees at the PTS’ companies: Leaseway Motorcar Transport Company, E. and L. Transport Company, Hadley Auto Transport and Transportation Releasing.

TEAMSTER

READ MORE

By Alex Lange

June 9 (Bloomberg) — Performance Transportation Services Inc. workers represented by the Teamsters went on strike today after the new-vehicle hauler won bankruptcy court approval to cut their pay, the union said.

The walkout involved 1,250 workers at 24 U.S. sites, Teamsters spokeswoman Leigh Strope said in an interview. U.S. Bankruptcy Judge Michael Kaplan last week allowed a 15 percent pay reduction for union employees of the Allen Park, Michigan- based trucking company.

Performance Transportation’s lawyers on June 7 asked for an injunction against a Teamsters strike in U.S. bankruptcy court in Buffalo, New York. “Such action will cause irreparable harm from which the debtors will never recover,” the closely held company’s attorneys said in a court filing.

READ MORE

 June 6

Letter from Carhaul Director Fred Zuckerman to PTS President/CEO Jeffrey Cornish

Information Flier for PTS Teamsters

Primary Strike General Instruction

Primary Strike Instructions to Pickets

PTS Carhaul Leaders Approve Strike Against Company

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.