Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Up In Smoke" data-source="post: 4719298" data-attributes="member: 79702"><p>The Central States Fund was also hurt by the deregulation of the trucking industry in the 80s. Many union carriers couldn't compete with non-union, privateers and Mexican companies. The Union carriers were forced to make hard decisions over labor costs and most eventually closed their doors. These companies left the fund with IOUs that were never to be collected. Combined with the government taking over the fund because of Vegas investment investigations and the fund was doomed. Today the fund is working with government to sure up the finances through the Butch Lewis Act, kind of a FDIC for the fund. Democrats are willing to support a bill, but Republicans are not. Not sure if a Biden White House will advance any talks.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4719298, member: 79702"] The Central States Fund was also hurt by the deregulation of the trucking industry in the 80s. Many union carriers couldn't compete with non-union, privateers and Mexican companies. The Union carriers were forced to make hard decisions over labor costs and most eventually closed their doors. These companies left the fund with IOUs that were never to be collected. Combined with the government taking over the fund because of Vegas investment investigations and the fund was doomed. Today the fund is working with government to sure up the finances through the Butch Lewis Act, kind of a FDIC for the fund. Democrats are willing to support a bill, but Republicans are not. Not sure if a Biden White House will advance any talks. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
Top