Teamsters Local 492

ABF Will Pay 2020 Profit-Sharing Bonus To Teamster Employees

Feb 02, 2022

2020 Profit-Sharing Bonus to Eligible Teamsters at ABF

For the second year in a row, ABF will pay a profit-sharing bonus to the Teamsters actively working at ABF.

ABF Freight achieved a 95.3% operating ratio* in 2020. Due to the terms negotiated by the Teamsters Union in the 2018-2023 Collective Bargaining Agreement (CBA), ABF must pay a profit-sharing bonus to all qualifying Teamster-represented employees. See Profit Sharing MOU Here. The bonus will be paid to all actively working regular employees who were on the seniority list from January 1, 2020, to December 31, 2020. The profit-sharing bonus is 1% of ABF earned wages from January 1, 2020, to December 31, 2020. The profit-sharing bonus for employees represented by the International Brotherhood of Teamsters is ABF’s largest bargaining group.

*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.

According to terms of the collective bargaining agreement with the IBT, the bonus will be paid by check within 60 days of the 2020 calendar year-end.

Congratulations to all the very deserving Teamsters at ABF!!!

Read the Feb 2020 Article about the 2019 O.R. Year Resulting in 1% Bonus Paid

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WORKERS DAY Jan 22, 2026

WORKERS DAY: NM Lawmakers MUST Choose Workers Over Billionaires this Legislative Session Unions and community organizations will gather at the state capitol during the upcoming 2026 Legislative Session to call on lawmakers to do right by New Mexico workers. Join us from 1 pm to rally in the Rotunda and listen to movement leaders from across New Mexico (speakers list TBA).

UPS Article 17 Penalty Pay Update

1/6/2026 - UPS Article 17 Penalty Pay Update Attention All UPS Teamsters: (Article 17) New Payroll Penalty Language Now in Effect Per Article 17, of the National Master Agreement, the updated payroll penalty provisions have officially taken effect.

Western Conference of Teamsters Pension Trust Appointments Available

Teamster Local 492 will have a representative from the Western Conference of Teamsters Pension Plan from Northwest Administrators in our office this month. This is your opportunity to meet face-to-face and review your pension value and where you stand on any PEER requirements, if applicable.

Teamsters VIP+ Voluntary Income Protection Plus Plan

New benefit options available to protect your income when you can’t work due to injuries, illnesses, surgeries, loss of DOT License or FAA Medical Certification (due to medical reasons), or death.

2026 Teamsters Scholarship

The Teamsters Scholarship Fund applications are now available at Teamster.org/scholarships. In order to expedite the awarding of scholarships, applications will be accepted through April 1, 2026.

ABF Pension Increase 2025

ABF Pension Increase 2025 9/24/2025 - This notice is to inform you of the contractual pension contribution increase that takes effect August l, 2025, through July 31, 2026, under the ABF NMFA agreement. The contribution rate will increase by $0.80 per hour, with the entire amount applied to your pension.

Creamland Teamsters at Local 492 Unanimously Ratify Contract!

9/11/2025 - The strike against Creamland Dairy has ended after 1 week. Teamsters Local 492 would like to thank all the dedicated Teamsters who took time out of their busy lives to support their Brothers and Sisters at Creamland. We are so proud of our Creamland Teamsters for their sacrifice through the strike in order to get a fair contract.

UPS’s DVS BUYOUT PROGRAM: A DEVIOUS PLAN

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