Teamsters Local 492
Teamsters Local 492
 

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ABF 2023 Profit Sharing Hits 3% of Gross Wages
May 02, 2023

ABF announced on 2/3/2023 that it had achieved an 87.3% operating ratio* for 2022. As a result, the profit-sharing provisions of the 2018-23 ABF NMFA have been triggered once again. See Profit Sharing MOU Here

Specifically, qualified members (generally those employees who were on the seniority list from January 1, 2022 to December 31, 2022) will receive a bonus of 3% of their 2022 earnings. This is the fourth year in a row that ABF Freight members have received a profit-sharing bonus. The Company’s success is due to the hard work and dedication of ABF’s Teamsters who worked through the challenges of 2022. The profit-sharing bonuses will be paid on or about February 15, 2023.

*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.

Read the Feb 2022 Article about the 2021 89.9% Operating Ratio Year Resulting in 3% Bonus Paid

Read the Feb 2021 Article about the 2020 95.3% Operating Ratio Year Resulting in 1% Bonus Paid

Read the Feb 2020 Article about the 2019 95.2% Operating Ratio Year Resulting in 1% Bonus Paid


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2024 California Teamsters Hispanic Caucus Scholarship Applications NOW AVAILABLE

The California Teamsters Hispanic Caucus is proud to offer its 2024 Scholarship.  The California Teamsters Hispanic Caucus Scholarship digital fill-in form application can be downloaded by Clicking the "read more" button, or a paper copy can be picked up in person at the Union Hall.  The instructions, requirements, and deadline to submit the application are detailed on the application form.
Download: California Teamsters Hispanic Caucus Scholarship digital fill-in form.pdf

Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims

4/18/2024 - The following is a message from John A. Murphy, IBT National Freight Director and Co-Chair, TNFINC: Re: Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims TO ALL LOCAL UNIONS HAVING MEMBERS EMPLOYED OR FORMERLY EMPLOYED BY YELLOW CORPORATION AFFILIATES I.

Teamsters Local 492 Wins Historic Grievance Against Sysco for Members

4/16/2024- It is with great pleasure that I can report to all our members, that Teamsters Local 492 has won a hard-fought grievance for our Sysco brothers and sisters! On April 03, 2020, a grievance was filed to enforce the forty-hour language in our contract.  This grievance was filed during the Walter Maestas administration, in the early stages of Covid-19.

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.

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.

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


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

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