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Teamsters to Receive Bonus Pool at Yellow Operating Companies
Yellow has indicated that it is paying certain bonuses to various Company officers and/or executives. In the last agreement, TNFINC negotiated a “two for one” provision in the national agreement for executive bonuses. Specifically, for every dollar that gets paid in executive bonuses, qualified represented workers get two dollars put into a pool to split up. This year, the Teamster represented employees’ pool is $9,879,434.00; with about 20,033 individual eligible members, each member will receive $493.16. The checks to members will likely go out within the week. You must have worked 1000 hours or more in 2021 to be eligible for the bonus.
The YRCW Members will be getting a $1.00 pay raise in April of this year (2.500 cents per mile) instead of the scheduled .40¢ (1.00 cents per mile) because the COLA was triggered. To read more about this, CLICK HERE.
YRC raises are in April, ABF raises are in July. We expect there will also be an ABF COLA triggered for the July raise, but we have not received a notification from the IBT as of yet.
Teamsters Local 492 Store
Items below are shown at a 25% discount price for 492 Teamsters. Click On the Picture to zoom in to photos. These items are available to be purchased at the Union hall (no shipping available)
Teamster Jackets (Special Order Only)
Jackets can only be bought as a pre-paid pre-order, which is currently $93. Options include: Size, embroidered Name with or without the Company Name. Call Monique Montoya at 505-344-1925 ex 12 for more details.
Black history is American history. But throughout our nation’s long existence, it has been overlooked and glossed over, often not considered important enough to teach in schools. That’s why celebrating Black History Month every February is so essential – it focuses on what, for many, are the untold stories of great Americans that were disregarded because of the color of their skin.
The Teamsters have a long record of standing in solidarity with African-Americans on civil rights issues. Early on in the union’s history, the Teamsters advocated for “no color lines” within the labor movement and would not hold up with the practice of separate unions for Black members. Women and minorities were part of the membership from the beginning, with Black Teamsters attending the founding convention. Teamster contracts included provisions for equal pay as early as 1917. That year, the union won a clause in a contract for women laundry workers that employees would be paid the same regardless of race.
Over the years, the Teamsters Union has been privileged to both lead and support civil rights struggles that helped build the foundation of our great union and helped make the U.S. a better place for all of us.
But there is still a lot of work in this country that needs to be done. This week, more than a dozen Historically Black Colleges and Universities (HBCUs) have faced bomb threats just for their mere existence.
Saigan Boyd, a student at Spellman College in Georgia, told CNN these latest threats show how far this nation still needs to go. “I’m just ultimately tired of dealing with this level of unsolicited hatred,” she said. “I’m just tired of being terrorized like how my grandparents were.”
America needs to learn its history. That includes more than a century of lynchings that took place where mob violence was allowed to serve as a racially-motivated judge and jury across the country.
We can’t go back. And the Teamsters are here to say that we won’t allow it.
ABF announced on 2/1/2022 that it achieved an 89.9% operating ratio* for 2021. As a result, the profit-sharing provisions of the 2018-23 ABF NMFA have triggered. See Profit Sharing MOU Here
Specifically, qualified members (generally those employees who were on the seniority list from January 1, 2021 to December 31, 2021) will receive a bonus of 3% of their 2021 earnings. This is the third year in a row that ABF Freight members have received a profit-sharing bonus. This year’s bonus, however, is the largest so far. The Company’s success is due to the hard work and dedication of ABF’s Teamsters who worked through the challenges of 2021. The profit-sharing bonuses will be paid on or about February 16, 2022.
*Operating ratio refers to the ratio of operating expenses to operating revenue and is generally considered a measure of profitability and efficiency in the trucking industry.