Government’s Favorable Treatment of Teamsters Stinks

by Tom Moore on Aug 15, 2023 10:30:00 AM

Trump spent $700MM bailing out Yellow to preserve Teamster jobs during Covid— that’s $23,000 per person.

The Teamster Central States Pension Fund (TCSP) bailout was far more than the Pension Guarantee would have paid: $100K per member of the fund.

What will happen to TSCP now that Yellow is dead?

360,000 participants
Only 45,000 are still working (not sure if this is before or after Yellow shut down)
22,000 teamsters lost their jobs at Yellow.

More bailouts?

Other news:

Slower mail: 90% less volume of air shipments in 2 years.
Drought hurts Panama Canal: 154 vessels waiting an average of 21 days.

Read the Full Article Here

Topics: #logistics #blog

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