(GREENWICH, Conn.) – Today, Teamsters Union members rallied outside XPO’s headquarters to denounce a compensation plan that could provide a windfall stock award for CEO Bradley Jacobs worth $110 million at current stock price levels. Jacobs and the Board didn’t show up to field workers’ and shareholders’ questions and concerns over the incentive pay plan.
A federal court has denied XPO/Con-way’s latest attempt to delay the decision by workers in Laredo, Texas to form their union as Teamsters with Local 657.
(OAKLAND, Calif.) – Workers at an intermodal rail transportation company in Oakland voted today to form their union as members of Teamsters Local 70 in an effort to achieve a more secure future for themselves and their families.
(BRUSSELS, Belgium) – Forty-five leaders of 15 labor unions in Europe that represent workers at XPO Logistics workers in nine countries agreed to condemn a plan this week that could give XPO CEO Bradley Jacobs a windfall stock award worth $110 million at current stock price levels. The support came during the global union federation ITF (International Transport Workers’ Federation) week-long conference here.
Workers at Parsec, Inc. in Commerce, Calif., an intermodal rail transportation company, voted overwhelmingly this week to form their union as members of Teamsters Local 986, Teamsters General President Jim Hoffa said.There are 777 ramp drivers and crane operators in the bargaining unit and the vote was 455 to 193.
Drivers at XPO Logistics in suburban Philadelphia voted for Teamster representation today, propelling a nationwide campaign where XPO workers are standing together and forming their union to win fairness and respect on the job. The vote was 37 to 13.
(WASHINGTON) – The National Labor Relations Board has dismissed six objections filed by XPO Logistics involving the Oct. 12 election in Aurora, Ill., which means the Teamsters are now certified as the workers’ bargaining representative. The union anticipates the company will appeal the decision to further delay the will of the workers.
XPO Logistics, Inc. (NYSE: XPO) announced that it has completed the sale of its truckload business to TransForce Inc. (TSX: TFI) for approximately $558 million in cash, subject to customary adjustments. XPO will use the proceeds from the transaction to pay down debt.