UPS Freight being sold

[Over70irregs]

UPS to sell freight business to TFI for $800 million as part of 'better not bigger' plan — MarketWatch

Shares of United Parcel Service Inc. announced Monday an agreement to sell its UPS Freight (UPSF) business for $800 million to Canada-based trucking company TFI International Inc. . UPS expects to record a $500 million impairment charge on its 2020 results as a result of the deal, which is...

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what’s the unions position on this?

CEO “sweat the assets”......

 

[Over70irregs]

And how will the new bosses get rid of the teamster union?

Allowing 22.4 and pvd’s is how. Signed own death warrant for future negotiations. Pay down debt yall.

 

[Over70irregs]

WOW. but not really. The current Teamster leadership at the national level is and has been garbage. They are real pieces of work. I hope we as hourlys are all missing something. Hopefully BUG has the inside scoop. Maybe UPS fully funded the UPSF pensions for the next 10-15 years.

Maybe UPS and the Teamsters sold UPSF down the road to secure a 40 hour work week for all RPCDs? Maybe UPS and the IBT agreed to delete the provision in the CBA that states more Saturday 22.4s can be added if needed.......while not addressing laid off Monday RPCDs?

How in the heck could the Teamsters have a Bundles(parcel) semi driver making ~$38+ an hour and a UPSF driver doing basically the same job for ~$33 an hour?

Horrible.

Hopefully, the Hoffa regime is voted out. Hopefully the IBT constitution is amended or changed.

I understand that UPSF and UPS are not under the same CBA.

They are/were under the same company controlled union.

Not surprised by this news in the least.

Garbage.

How will they replace dues lost?

 

[Over70irregs]

We are package but allowing 22.4 and pvd’s is how. Signed own death warrant for future negotiations. Pay down debt yall.

 

[BigUnionGuy]

what’s the unions position on this?

 

[What'dyabringmetoday???]

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Yes- we know this great union will be on top of everything. Lol.

 

[DELACROIX]

Yes- we know this great union will be on top of everything. Lol.

...to the letter...

 

[BigUnionGuy]

Yes- we know this great union will be on top of everything. Lol.

And just think....

If our great Union, was left in the hands of company (sympathizers) like you.

 

[Over70irregs]

Divide n Conquer with sale?

 

[DELACROIX]

Divide n Conquer with sale?

There is will be a lot of feeder drivers leaving dodge over the next two years. Should be openings for over the road drivers in the package division..The Union can work out an agreement to get you guys first shot, if you want to continue with UPS...

 

[What'dyabringmetoday???]

And just think....

If our great Union, was left in the hands of company (sympathizers) like you.

Lol- yup. You got me. You're so bright.

 

[Over70irregs]

There is will be a lot of feeder drivers leaving dodge over the next two years. Should be openings for over the road drivers in the package division..The Union can work out an agreement to get you guys first shot, if you want to continue with UPS...

Take CDL then split.

 

[watdaflock?]

Yall are missing the bigger picture. Automated semis are coming.

When do you except them and how many freight drivers will lose their jobs? Just a guess is good....

 

[Staydryitsraining]

When do you except them and how many freight drivers will lose their jobs? Just a guess is good....

Our contract ends in 2 years. Based on how much money is being thrown at automated semis and how fast it's already advanced and also rules being slacked I think it will be sooner then people think.

 

[quad decade guy]

Absolutely. I'm just saying they can't just drop the Teamsters.

Oh? Bankruptcy etc. Lot's of possibilities....

 

[Just A UPS Guy]

Oh? Bankruptcy etc. Lot's of possibilities....

How would bankruptcy get rid of the union?

 

[quad decade guy]

Our contract ends in 2 years. Based on how much money is being thrown at automated semis and how fast it's already advanced and also rules being slacked I think it will be sooner then people think.

What do you mean by "sooner"? 50 years? And what does automated mean? Who is going to unload an LTL delivery? How will this work exactly? Cool to think about but this isn't the Jetsons....

 

[quad decade guy]

How would bankruptcy get rid of the union?

Flush the company....just like flushing pensions.....easily I'd say. Relatively.

 

[quad decade guy]

There is will be a lot of feeder drivers leaving dodge over the next two years. Should be openings for over the road drivers in the package division..The Union can work out an agreement to get you guys first shot, if you want to continue with UPS...

How many is "lot's" and why? Please. Thanks.

 

[Staydryitsraining]

What do you mean by "sooner"? 50 years? And what does automated mean? Who is going to unload an LTL delivery? How will this work exactly? Cool to think about but this isn't the Jetsons....

10 years max. Who's going to unload it? Well if there is still a union it will be a part time guy otherwise it will be some employee. 5 years ago no one said amazon would be doing what they are now because I believe the argument was ups has been around 100 years or the other arguement was you cant just throw money at something.