Railway Labor Act

Ancora Issues Letter to Norfolk Southern’s Board to Refute False and Unsupported Claims, Including Those Regarding Railway Labor Act Violations and “Vote Buying” from Labor

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月曜日, 5月 6, 2024
Finance, Banking, Rail, Professional Services, Transport, Railway Labor Act, Risk management, Culture, Crime, Disclosure, BLET, Toronto-Dominion Bank, Quality of life, Safety, NSC, Justice, Council of Institutional Investors, Address, Brotherhood, Canadian Pacific Railway, Vexatious litigation, Failure, Annual general meeting, Letter, Boilermaker

It’s been inaccurate when Norfolk Southern has suggested in recent days that it has the full support of rail unions.

Key Points: 
  • It’s been inaccurate when Norfolk Southern has suggested in recent days that it has the full support of rail unions.
  • It is equally important to note that many, if not most, of the BLET and the BMWED members at Norfolk Southern are both employees and shareholders.
  • These claims overlook key facts, including the following:
    The parties are completely confident that they are in compliance with applicable law, including the Railway Labor Act.
  • Norfolk Southern’s own counsel wrote to Ancora and acknowledged that memoranda among the parties were not binding on the Company.

General Chairmen of the Brotherhood of Locomotive Engineers and Trainmen, Representing Members at Norfolk Southern, Address CEO Alan Shaw’s “Unfounded and Desperate” Attacks on Labor Discussions

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木曜日, 5月 2, 2024
Labor, Rail, Logistics, Supply Chain Management, Transport, Public Policy, Government, Negotiation, Norfolk Southern Railway, International, Hearing, BLET, NSC, Railway Labor Act, Private sector, UPS, International Brotherhood of Teamsters

He made his ungrounded and desperate claims after it became public that positive discussions were held between Ancora nominees with officers of the two Teamsters affiliates.

Key Points: 
  • He made his ungrounded and desperate claims after it became public that positive discussions were held between Ancora nominees with officers of the two Teamsters affiliates.
  • In another act of desperation, Norfolk Southern issued a press release misrepresenting the record of Jim Barber, an Ancora nominee and long-time partner to unions.
  • Desperate statements and inconsistent and shifting strategies characterized much of what BLET’s union leaders have heard from Norfolk Southern’s current CEO in recent weeks.
  • Alan Shaw’s unfounded attacks this week have further convinced us that we made the correct choice.”

Norfolk Southern: Ancora makes unauthorized, value-destructive commitments on behalf of Norfolk Southern to buy votes

Retrieved on: 
月曜日, 4月 29, 2024
Negotiation, NOT, Brotherhood, BLET, NSC, Railway Labor Act, Quality of life, International Brotherhood of Teamsters, Security (finance)

ATLANTA, April 29, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Monday issued the following statement after being made aware that Ancora Holdings LLC (Ancora) has, without any authority or authorization, negotiated and signed a memorandum of understanding with The Brotherhood of Locomotive Engineers and Trainmen (BLET), a division of the International Brotherhood of Teamsters. This unauthorized agreement purports to offer specific concessions by Norfolk Southern to the BLET in exchange for the BLET's support of Ancora's attempt to gain control of the company's board.

Key Points: 
  • Ancora's actions are a blatant attempt to buy votes through backdoor deals to take control of the company.
  • Aside from violating the Railway Labor Act rules that grant exclusive negotiating authority to representatives of Norfolk Southern, Ancora has demonstrated that its own nominees are not independent and are beholden only to Ancora.
  • Together with our unions, Norfolk Southern has made significant progress to create a safer, more productive railroad.
  • In contrast, Ancora is misleading shareholders and employees with false promises and unauthorized financial commitments that would destroy shareholder value.

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

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木曜日, 3月 21, 2024
Logistics, Supply Chain Management, Air, Retail, Transport, Delivery Services, Failure, FedEx, Automation, Railway Labor Act, Annual report, Growth, MTM, Disease, EPS, DRIVE, Business, Name, ASR, EDT, Sale, Capital, Table, Security (finance), Insurance, Bank statement, United, FedEx Express, FedEx Ground, Investment, Atmosphere, Safety, GAAP, Geography, FDX, ETR, Share repurchase

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points: 
  • FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
  • Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
  • The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
  • FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

TEAMSTERS PILOTS AT OMNI AIR VOTE OVERWHELMINGLY TO AUTHORIZE A STRIKE

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木曜日, 2月 8, 2024
RLA, International Brotherhood of Teamsters, Omni Air International, ATSG, Defense, ABX Air, Civil Reserve Air Fleet, Railway Labor Act, Atmosphere of Earth, Airline, ACMI, Air Transport Services Group, Aircraft, CRAF

WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- Omni Air International (Omni Air) pilots who are represented by the Airline Professionals Association-Teamsters Local 1224 voted to authorize a strike, with 100 percent of participating members voting in favor of the action. Today's strike authorization allows Teamsters Local 1224's leadership to call a strike on behalf of the pilot group, if necessary and when legally permitted under the Railway Labor Act (RLA).

Key Points: 
  • WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- Omni Air International (Omni Air) pilots who are represented by the Airline Professionals Association-Teamsters Local 1224 voted to authorize a strike, with 100 percent of participating members voting in favor of the action.
  • "This overwhelming vote should be a clear wake up call to Omni's management team that enough is enough," said Captain Paul Rodell, a member of the Omni Air Pilots Executive Council.
  • Omni Air pilots have been in negotiations for an amended collective bargaining agreement for nearly three years.
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) acquired Omni Air in 2018 and operates two other airlines, ABX Air, Inc. and Air Transport International, Inc.
    Omni Air's 350 pilots are represented by the Airline Professionals Association, Teamsters Local 1224, which represents pilots and flight crew members from five airlines operating across the country.

Southwest Airlines Flight Attendants Approve Strike Authorization with 98% Yes Vote

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火曜日, 1月 23, 2024
Public Policy, Government, Transportation, Human Resources, Travel, Labor, Professional Services, Air, Transport, Southwest Airlines, Collective agreement, TWU, Quality of life, Frustration, Airline, Railway Labor Act, Collective bargaining, Negotiation, Sleep, Personhood, Atmosphere

Southwest Airlines flight attendants have endured more than five years without a new Collective Bargaining Agreement with Southwest Airlines, and they have had enough.

Key Points: 
  • Southwest Airlines flight attendants have endured more than five years without a new Collective Bargaining Agreement with Southwest Airlines, and they have had enough.
  • Today, TWU Local 556, the union of Southwest Airlines flight attendants, announced results of members’ strike authorization vote.
  • This is the first time in the union’s history that flight attendants have taken a vote to authorize a strike against Southwest Airlines, and the results were resounding.
  • If TWU Local 556 and Southwest Airlines cannot reach an agreement in federal mediation, the union could request to be released into a thirty-day cooling-off period, after which 21,000+ Southwest Airlines flight attendants would be free to strike the largest domestic carrier.

FedEx Reports Higher Second Quarter Diluted EPS of $3.55 and Adjusted Diluted EPS of $3.99

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火曜日, 12月 19, 2023
Logistics, Supply Chain Management, Air, Retail, Transport, Delivery Services, Atmosphere, ASR, EST, FedEx Ground, Failure, Geography, Annual report, FedEx, FDX, Table, Disease, Pressure, Bank statement, Railway Labor Act, Name, Insurance, United, MTM, Share repurchase, Growth, Investment, FedEx Express, DRIVE, Capital, Safety, GAAP, Security (finance), Automation, ETR, EPS, Environment

The year-to-date decrease in outstanding shares benefited second quarter results by $0.05 per diluted share.

Key Points: 
  • The year-to-date decrease in outstanding shares benefited second quarter results by $0.05 per diluted share.
  • FedEx expects to repurchase an additional $1.0 billion of common stock during fiscal 2024.
  • We have supplemented the reporting of our financial information determined in accordance with GAAP with certain non-GAAP (or “adjusted”) financial measures, including our adjusted second quarter fiscal 2024 and 2023 consolidated operating income and margin, net income and diluted earnings per share, adjusted second quarter fiscal 2024 FedEx Express and FedEx Ground segment operating income and margin and adjusted second quarter fiscal 2023 FedEx Express segment operating income and margin.
  • We incurred costs associated with our business optimization initiatives in the second quarter of fiscal 2024 and fiscal 2023.

FedEx Reports Higher First Quarter Diluted EPS of $4.23 and Adjusted Diluted EPS of $4.55

Retrieved on: 
水曜日, 9月 20, 2023
Delivery Services, Trucking, Retail, Air, Transport, Logistics, Supply Chain Management, Insurance, Failure, Table, FDX, Atmosphere, FedEx, Share repurchase, FedEx Express, FedEx Ground, Bank statement, Business, ETR, GAAP, EDT, Railway Labor Act, MTM, Name, DRIVE, United, Investment, Capital, Growth, EPS, Security (finance), Mail, Annual report, ASR, Safety, NYSE, Automation, Disease, Geography, Food delivery, Airline, Cargo, Renewable energy, Risk management, Beauty salon, Bank, Corporation

“FedEx Ground had an outstanding quarter which, when combined with improved earnings at FedEx Express and expense controls across the organization, led to our better-than-expected overall financial performance.

Key Points: 
  • “FedEx Ground had an outstanding quarter which, when combined with improved earnings at FedEx Express and expense controls across the organization, led to our better-than-expected overall financial performance.
  • FedEx Express operating income increased 18% during the quarter, as a 9% decline in revenue was more than offset by reduced operating expenses.
  • FedEx Freight operating income decreased 26% during the quarter driven by lower fuel surcharges and shipments, partially offset by base yield improvement.
  • The decrease in outstanding shares benefited first quarter results by $0.02 per diluted share.

FedEx names John W. Dietrich as Executive Vice President and Chief Financial Officer

Retrieved on: 
月曜日, 7月 17, 2023
Trucking, Rail, Air, Transport, Logistics, Supply Chain Management, Other Transport, Insurance, DataWorks Plus, Failure, FDX, Atmosphere, FedEx, FedEx Express, National security, FedEx Ground, International Air Transport Association, Senior advisor, Atlas, Aviation, United Airlines, Multimedia, AAR Corp, Internal audit, Railway Labor Act, Treasury, DRIVE, United, Corporation, Sarbanes, CFO, Atlas Air, Growth, Mail, Safety, NYSE, Disease, Geography, Management, Online shopping, Finance

FedEx Corp. (NYSE: FDX) today announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023.

Key Points: 
  • FedEx Corp. (NYSE: FDX) today announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023.
  • Johnson also has responsibility for all controllership functions, including the consolidations process, SEC reporting, statutory reporting, and Sarbanes-Oxley compliance.
  • He also brings with him deep experience in financial planning and analysis and revenue management from prior roles at FedEx.
  • “The evolution of our Finance leadership team is critical to our transformation as we continue to build a more intelligent, flexible and efficient network,” said Raj Subramaniam, president and chief executive officer.

SWAPA Requests Release from the National Mediation Board

Retrieved on: 
木曜日, 6月 29, 2023
Railway Labor Act, Aircraft pilot, NMB, National Mediation Board, Bleeding, RLA, Negotiation, Aircraft, Airline

DALLAS, June 29, 2023 /PRNewswire/ -- Today, the Southwest Airlines Pilots Association (SWAPA) filed a request with the National Mediation Board (NMB) to be officially released from mediation.

Key Points: 
  • DALLAS, June 29, 2023 /PRNewswire/ -- Today, the Southwest Airlines Pilots Association (SWAPA) filed a request with the National Mediation Board (NMB) to be officially released from mediation.
  • SWAPA and Southwest have been in negotiations for a new contract for more than three years and in federal mediation since September 2022.
  • SWAPA negotiators have become increasingly frustrated with Southwest's lack of commitment to negotiating in earnest and the pace of productivity during this negotiation cycle.
  • "If released from mediation, our Pilot group will continue down the path afforded to us through the Railway Labor Act (RLA)," said SWAPA President Casey Murray.