1/25/2021 - UPS Freight-TFI Purchase
Please see below the following information that was received today from UPS Freight.
As you may know, UPS Freight has entered into an agreement by which TForce Freight, Inc. (an affiliate of TFI International Inc.) will acquire all of the issued and outstanding shares in the capital stock of UPS Freight, which will result in a transfer of those operations at the closing of the acquisition.
Does this impact the Teamsters or the Machinists unions? No. The unions continue to represent the same employees and the labor agreements remain in place.
What happens with my hourly rate, vacations, pension, etc.? For union-represented UPS Freight employees, all terms and conditions such as pay, healthcare, and retirement will stay the same.
Will I have to change doctors? No. Healthcare coverage remains as it is today through Teamcare.
Will we have to negotiate a new contract? No. The current Teamsters and IAM contracts will remain in place through August 1, 2023.
Will I still have my same Union Steward and Business Agent? Yes. You will still be represented by the same local union and have the same stewards you have today.
What happens to current and outstanding grievances? This transaction has no impact on pending grievances. These will continue to be processed as outlined in the parties’ labor agreements.
Teamsters Local 492 will continue to update you through our teamsters492.org. We have created a special webpage dedicated to UPS Freight-TFI Purchase, Click Here to View.