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TDU - Teamsters for a Democratic Union

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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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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………….

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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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Teamsters Call on PTS to Return to Multiemployer Talks

www.teamster.org

May 31, 2008

Teamster carhaul local unions will be holding strike votes this weekend after Performance Transportation Services, Inc. (PTS) filed 1113-E relief in bankruptcy court and requested 15 percent wage concessions.

PTS’ filing followed the company’s decision May 29 to withdraw from multiemployer contract talks that have been under way.

“PTS management’s actions during the late stages of talks are completely unacceptable and we are pursuing options in federal court to compel PTS to return to the multiemployer negotiations immediately,” said Fred Zuckerman, Teamsters Carhaul Division Director and lead negotiator. “We simply cannot allow PTS to walk away from negotiations at the 11th Hour — PTS is acting in bad faith by walking away now after several months of negotiations.”

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DETROIT — While General Motors is restarting truck production it had halted because of the UAW strike at American Axle & Manufacturing Holdings Inc., auto dealers say they’re in no hurry to get more trucks on their lots. They have plenty.

Even though GM stopped filling orders for some trucks this month, dealers around the country interviewed today said they’re not losing truck business because of American Axle-related inventory problems.

“We’ve got a lot of inventory that’s still sitting on the ground,” says Doug Niemeyer, sales manager for Buick, Pontiac and GMC at Bommarito Automotive Group in Ellisville, Mo.

READ MORE

Legendary names Hugh E. Sawyer president

Founder Peter Bos to still serve as CEO

April 25, 2008 - 8:18AM

Thomas J. Monigan, Florida Freedom Newspapers

DESTIN — Hugh Sawyer said he was just trying to enjoy his retirement in the area. But Legendary Inc. had different ideas.

After signing on as an executive with Legendary Marine last August, Sawyer has recently stepped up to become president of all of Legendary’s holdings. Company founder Peter Bos will remain chairman of the board of directors and chief executive officer, according to a press release from Legendary.

READ MORE

Now here is a story.

In his 30-year business career, Sawyer has earned a reputation as a “turnaround specialist.”

His last mission as CEO of Allied Systems Holdings was to lead it out of Chapter 11 bankruptcy. The Atlanta-based hauler of cars, trucks, and sport utility vehicles did just that in May 2007.