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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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

TEAMSTERS HOLD NATIONAL DAY OF ACTION AT CHEDRAUI-OWNED STORES

Teamsters Leaflet Consumers Ahead of Smart & Final Negotiations Teamsters are taking part in a National Day of Action today in support of nearly 700 Chedraui/Smart & Final workers in Southern California.

UPS TEAMSTERS CONTRACT TAKES EFFECT AS FINAL SUPPLEMENT RATIFIED

Five-Year UPS Teamster National Agreement Passes Overwhelmingly, One Supplement to Be Renegotiated 8/22/2023- Today, Teamsters voted by an overwhelming 86.3 percent to ratify the most historic collective bargaining agreement in the history of UPS.

Yellow Update

9/15/2023- A grievance has been filed for ALL members at Yellow in New Mexico. The grievance covers all vacation hours earned and unused and pro rata, vacation earned from seniority date to closing. This grievance was heard at the September session of MSC. The ruling was that all vacation grievances were to be forwarded to the bankruptcy court and would be paid out through that process.

UPS NATIONAL MASTER, WESTERN SUP, AND SW RIDERS TA 2023-2028 Now Available

UPS TENTATIVE AGREEMENT 2023-2028 UPS NATIONAL MASTER, WESTERN SUP, AND SW RIDERS TA 2023-2028 Now Available

Download:

UPS_Changes_Master2023-2028.pdf ,

UPS_Western-Region-of-Teamsters-Supplemental-Tentative-Agreement2023-2028.pdf ,

UPS_Southwest-Sort-Rider-Tentative-Agreement2023-2028.pdf ,

UPS_Southwest-Package-Rider-Tentative-Agreement2023-2028.pdf

TEAMSTERS AT TFORCE FREIGHT RATIFY NATIONAL AGREEMENT

TEAMSTER LEADERS UNANIMOUSLY ENDORSE TFORCE FREIGHT TENTATIVE AGREEMENT 7/24/2023- Teamsters local leaders unanimously endorsed the new tentative agreement between the Teamsters National Freight Industry Negotiating Committee (TNFINC) and TForce Freight on Monday.

UPS Tentative Agreement Reached

“WE’VE CHANGED THE GAME”: TEAMSTERS WIN HISTORIC UPS CONTRACT Deal Results in Higher Wages, More Jobs, Equal Pay, A/C, MLK Day, Part-Time Rewards 7/25/2023- Today, the Teamsters reached the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.

Yellow/Teamster Negotiations Update 7/25/2023

As you know, Yellow Corp. determined at a board of directors meeting on July 7, 2023, that its operating companies under the NMFA would not make required health and welfare and pension contributions to six different benefit Funds. Specifically, the Central States Health and Welfare and Pension Funds; the Central Pennsylvania Funds and the Western Conference Funds.

Download:

Yellow7252023.pdf