Senator Bob Casey (D-PA) plans to introduce legislation that would change some of the rules controlling multiemployer pension plans, or union-operated retirement pools to which United Parcel Service as well as companies in trucking, retail grocery and a number of other industries participate. The press conference announcing the bill was attended by representatives of the Teamsters and two large less-than-truckload companies, ABF Freight Systems, and YRC Transportation. ABF Freight Systems, and YRC Transportation are the last remaining large nationwide less-than-truckload trucking firms that existed when the Motor Carrier Act was passed in the 1980′s. The legislation would make the following changes in existing law: Mergers and Alliances – The language [...]
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