(DURBAN, South Africa) – Today, the Teamsters Union is warning South African institutional investors regarding the many risks facing investments in one of the world's largest transportation and warehousing companies, XPO Logistics [NYSE: XPO] at the Institute of Retirement Funds Africa conference in Durban, South Africa. The conference is the largest gathering of South African institutional investors, an industry with 6.2 trillion ZAR or $440 billion USD assets under management. The union is meeting with pension fund trustees and other investment professionals throughout the conference.
(TRENTON, N.J.) – Today, Teamsters and NFI workers called on the NJEDA Board at its monthly meeting to rescind tax breaks to NFI, a lawbreaking company that stands to benefit from nearly $80 million in tax breaks at the expense of New Jersey taxpayers through the Grow NJ Program which is under intense scrutiny.
(HAZLET, N.J.) – The Teamsters Union is calling on New Jersey’s Economic Development Authority (EDA) to suspend nearly $80 million in tax breaks given to NFI, L.P., through the Grow NJ tax incentive program. This request follows Monday’s release of the Governor’s Task Force report on EDA Tax Incentives, which affirms union members’ concerns over misrepresentations by the company in its application for tax benefits. In the report, the Task Force found that “. . . at the crux of the matter, NFI’s application contained potential misrepresentations and a potentially fraudulent CEO certification.”
(HAZLET, N.J.) – Today, the International Brotherhood of Teamsters sent a formal request to New Jersey Attorney General Gurbir Grewal and New Jersey Economic Development Authority Ethics Liaison Officer Frederick Cole to investigate, prosecute and sanction NFI, L.P., in connection with its application for nearly $80 million in state benefits through the Grow NJ tax incentive program. The letter was signed by Fred Potter, Teamsters International Vice President At Large and President of Teamsters Local 469 in Hazlet, N.J.
The Port of Los Angeles has announced that the Toll Group has been selected to negotiate with the port to lease the 85-acre port-adjacent site, which includes 600,000 square feet of warehouse space and prime open land for harbor trucking operations.
By a vote of 52-2, port trucking drivers at Seldat Distribution, Inc. in Southern California have voted to join Teamsters Local 63.
We are currently living at a critical juncture in American history. Income inequality is at an all-time high.
(PORT OF LOS ANGELES/LONG BEACH, Calif.) – Ten California port truck drivers who haul cargo for Best Buy, Puma and Lowe’s have been awarded more than $1.2 million by the California Labor Commissioner for wage theft due to misclassification as independent contractors.