(WASHINGTON) – Today, in a letter to XPO Logistics’ [NYSE: XPO] Board of Directors, the International Brotherhood of Teamsters raised objections to the company’s proposed 2016 Omnibus Incentive Compensation Plan (the Plan) that could provide a windfall stock award for CEO Bradley Jacobs worth $110 million at current stock price levels.
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.
(NORTH HAVEN, Conn.) – In a historic vote, warehouse workers at XPO Logistics in North Haven, Conn. voted 72-49 for Teamster representation yesterday, becoming the first warehouse workers at the company to form a union in the United States.
(AURORA, Ill.) – Drivers at XPO Logistics in suburban Chicago voted for Teamster representation yesterday, as workers across the country stand shoulder-to-shoulder to fight for fairness and respect at the one of the world’s largest transportation and logistics companies.
(KING OF PRUSSIA, Pa.) – Drivers at XPO Logistics in suburban Philadelphia filed for Teamster representation today, the latest action by workers across the U.S. who are banding together to fight for fair treatment at one of the largest transportation and logistics companies in the world.