Teamsters Local 492
Teamsters Local 492
 

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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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Teamsters 492 Organizing Victory in NM at Southern Glazer’s Wine & Spirits

On behalf of Teamsters Local 492, I would personally like to congratulate all of the workers at Southern Glazer’s Wine & Spirits in this Local's jurisdiction, which includes warehouse workers, loaders, drivers as well as hostlers/yard jockeys.

TEAMSTERS VIP+ VOLUNTARY INCOME PROTECTION PLUS PLAN

We are pleased to announce a new Teamster Privilege voluntary benefit for Teamster members that provides additional financial protection if they can't work due to illness, injury or loss of DOT certification because of a medical condition.

TForce Freight – Article 44 Rail & Subcontracting Update

TForce Freight – Article 44 Rail & Subcontracting Update The IBT has reviewed the monthly filing by TForce Freight to TNFINC and pursuant to the requirements of the 2023-2028 National Master TForce Freight Agreement’s Article 44. TForce Freight’s for the month of January 2024 was 43.44%, which is under the 45.8% limit as of January 31, 2024.

Teamsters Scholarships Available

Teamsters Scholarships Available Click this article to read about the Teamsters Scholarships.

Correction: Notice of 492 Contact Info

Correction: Notice of 492 Contact Info 1/26/2024- Recently, an email was sent out with incorrect information regarding contact info for our 492 bookkeeper who handles Dues, Life with Dues, and Pension appointments, Monique Montoya. Her correct 492 office phone number is 505-344-1925 Ex. 12.

WCTPT Summary Plan Booklet 2023 Now Available

The Updated Western Conference of Teamsters Pension Trust Summary Plan Booklet 2023 is Now Available in PDF Form. Also, building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust have approved major benefit improvements.
Download: WCTPT_Summary_Plan_Booklet_2023.pdf

2024 General Membership Meeting Scheduled

The 2024 General Membership Meeting is now available to view. GM Meetings will be held in the Teamsters Union Hall (downstairs) at 4269 Balloon Park Rd. NE, Albuquerque, NM 87109 unless otherwise noted. Click Here to view the 2024 General Membership Meeting Schedule
Download: 2024_Membership_Meeting_Schedule.pdf

2023 ELECTION RESULTS FOR LOCAL UNION OFFICERS

NOVEMBER 13, 2023 TO ALL TEAMSTERS LOCAL UNION 492 MEMBERS 2023 ELECTION RESULTS FOR LOCAL UNION OFFICERS Teamsters Local Union 492 is pleased to announce the results of the election of the Officers for the Local Union for the three-year term commencing January 1, 2024.
Download: 2023_Election_Results_492.pdf


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Teamsters Local 492
4269 Balloon Park Road NE
Albuquerque, New Mexico 87109
  505-344-1925

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