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Teamsters Warn South African Investors of Workers’ Rights Risks at XPO Logistics

(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.

Teamsters Call on N.J. EDA to Immediately Suspend NFI's $80 Million Tax Break

(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.”

Teamsters Call on N.J. Attorney General, EDA to Investigate and Prosecute NFI Over Tax Break Application

(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.

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