Firms in the truck transportation and warehousing industry provide a link between manufacturers and consumers. Businesses, and occasionally individuals, contract with trucking and warehousing companies to pick up, transport, store, and deliver a variety of goods. The industry includes general freight trucking, specialized freight trucking, and warehousing and storage.

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On December 19, Teamsters leadership notified UPS that its members had voted to ratify their proposed new 5-year contract.  The deal was approved by 65,000 of voting employees. 

The new contract has potential implications even beyond UPS or the transportation industry, but for all workers affected by multiemployer pension plans.  According to news reports of the agreement, UPS makes a one-time, $6.1 billion payment to the Central States Teamster pension plan, withdraws its employees from that plan, and establishes its own, new single-employer pension plan.

Also on December 19, Congress passed legislation banning funds for a pilot program allowing Mexican trucks to travel on U.S. highways.  Praising the measure, Teamsters General President Jim Hoffa vowed to press ahead with the union’s lawsuit to prevent the program from restarting.

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“We met that deadline and have negotiated an agreement that will greatly benefit our members at UPS as well as Teamster members in other industries covered by pension and health and welfare funds.”

-- James P. Hoffa

Teamsters President

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1. So you’re a trucker...
2. What type of plan do I have?
3. Is your plan good for the long haul?
4. Pension plan road hazards
5. Where do I go to find out about my pension?
6. Major trucking companies
7. Teamsters and associated pension funds
8. Joint Councils by State