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☆ Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
▼ + stars: | 2024-09-18 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +4 min

The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in the 2024 presidential election, ending months of speculation about whether the labor union would back Republican Donald Trump or Democrat Kamala Harris. With 1.3 million members, the Teamsters union is one of the largest labor groups in the country. "As the strongest and most democratic labor union in America, it was vital for our members to drive this endorsement process. In a national survey of Teamsters members conducted after the Sept. 10 presidential debate, union members overwhelmingly backed Trump over Harris, 58% to 31%, according to results published by the union ahead of its formal endorsement. "'Right to work' laws only exist to try to kill labor unions," Teamsters General Secretary-Treasurer Fred Zuckerman said in the statement.

Persons: Sean O'Brien, Republican Donald Trump, Kamala Harris, Harris, O'Brien, it's, Trump, Joe Biden, Biden, Fred Zuckerman, O'Brien —, Lauren Hitt Organizations: International Brotherhood of Teamsters, UPS Teamsters, UPS, Brotherhood of Teamsters, Wednesday, Republican, Trump, Teamsters, Big, Democratic, Republican National Convention, Republicans, Independents, International Union, Railway Labor, Union, Democratic National Convention, RNC, CNBC, New York City Locations: Brooklyn , New York, America, New York

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ Alaska Airlines reaches tentative labor deal with flight attendants
▼ + stars: | 2024-06-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Alaska Airlines and its 7,000-member flight attendants union reached a tentative labor deal late Friday, concluding talks that lasted more than a year and a half. In February, flight attendants from Alaska — along with American, United and Southwest —held unprecedented coordinated pickets demanding new contracts. Maller was one of the flight attendants on the Alaska Airlines Flight 1282, which drew international attention on January 5 when a door plug blew off, leaving a gaping hole in the side of the plane. But he said he picketed because the existing contract did not provide a livable wage for too many flight attendants. Maller said he has worked at times as a bartender and that most flight attendants he knows also have second jobs.

Persons: they’ve, we’ve, Steve Maller, Maller, ”, he’s Organizations: New, New York CNN, Alaska Airlines, Railway Labor Act, Alaska —, United, Southwest —, Southwest, Railway Labor, CNN, Alaska Airlines ’ Locations: New York, Alaska

☆ Viral ‘courtesy’ letter American Airlines gives flight attendants shows how little they make
▼ + stars: | 2024-05-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.

Persons: haven’t, “, –, Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, ” Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts

☆ Norfolk CEO: Believe Ancora is violating the Railway Labor Act
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorfolk CEO: Believe Ancora is violating the Railway Labor ActNorfolk Southern CEO Alan Shaw joins 'Closing Bell Overtime' to discuss the ongoing fight with Ancora and respond to proxy advisor firm Glass Lewis siding with the activists ahead of the May 9th vote. Plus, Shaw updates on the progress the railroad is making on its operations to its operating ratio.

Persons: Alan Shaw, Ancora, Glass Lewis, Shaw Organizations: Norfolk, Railway Labor, Norfolk Southern

☆ 2023 was year of the strike. Here’s what’s possibly ahead in 2024
▼ + stars: | 2024-02-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The 33 strikes last year is roughly double the average of 16.7 major strikes a year over the course of the last 20 years. A separate database of all work stoppages by Cornell University’s School of Industrial and Labor Relations shows that there were 451 work stoppages in 2023, up 9% from the 2022 total. So the major strikes of 1,000 or more account for less than 10% of the overall number of strikes. So many of the major strikes and contract negotiations that occurred in 2023 will not occur again in 2024. But that doesn’t mean there isn’t a chance of some major work stoppages this year.

Persons: Joe Biden Organizations: New, New York CNN, Labor Department, Bureau of Labor Statistics, SAG, Cornell University’s School of Industrial and Labor Relations, General Motors, Ford, Anheuser, Busch, Teamsters, CNN, Molson Coors, Hollywood, Writers Guild of America, Boeing Boeing, Boeing, Max, Alaska Airlines, Professional, American Airlines, Labor, Railway Labor Locations: New York, America, Fort Worth , Texas, Canada, Hollywood, Washington

☆ Flight attendant who was on Alaska Airlines when door plug blew out is now picketing for ‘living wage’
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out. But he did say he’s also proud of how the flight attendants on board responded. “We have flight attendants who live in cars because they can’t afford to live where they’re based,” she said. A flight attendant wears a pin reading,' Flight Attendants Save Live!' He said many are already walking out — and the steady flow of flight attendants leaving Alaska every month worries him.

Persons: Steve Maller, Maller, Ben Minicucci, ”, ” Maller, “, he’s, He’s, haven’t, don’t, Joe Raedle, Julie Hedrick, we’re, We’re, Ondrea Wallace, she’s, Wallace, we’ve, Joe Biden, Nam, Sara Nelson, Biden Organizations: New, New York CNN, Alaska Airlines, of Flight, National Transportation Safety, General Motors, Ford, Railway Labor, United Airlines, Miami International Airport, —, Association of Professional, Association of Flight, CWA, Transport Workers Union, American Airlines, Railway Labor Act, O'Hare International, AFA, United, Alaska Air Locations: New York, Alaska, Portland , Oregon, Portland, Alaksa, United, Southwest, Chicago, ”

☆ American Airlines’ flight attendants want to strike. But it won’t disrupt your holiday travels
▼ + stars: | 2023-11-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —American Airlines’ flight attendants’ union wants permission from the government to go on strike in 30 days. The Association of Professional Flight Attendants, which represents more than 23,000 members at American has not overcome any of the many legal hurdles it needs to conquer before the union could strike. But even if the flight attendants win their request to have the clock start ticking towards a strike 30 days from now, a strike then is not likely. But it’s possible, and in the case of American Airlines, likely, that Congress would act to block a strike. Last month, flight attendants at Southwest Airlines won an immediate 20% raise, with retroactive pay.

Persons: ’, APFA, ”, Julie Hedrick, we’ve, Joe Biden, Biden, he’s, they’ve, AFPA Organizations: New, New York CNN — American Airlines, Airline, Railway Labor, Professional, Airlines, United Auto Workers, General Motors, Ford, American Airlines, Southwest, Southwest Airlines, Allied Pilots Association, Spirit Airlines, Northwest Airlines Locations: New York, Southwest, Delta, United

☆ UAW strikes could make 2023 the biggest year for labor activity in nearly four decades
▼ + stars: | 2023-09-22 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

Employees who withhold their labor can face a number of consequences, including losing their job and health insurance, experts said. And employees "can never be sure their strike will be found to be an unfair labor practice strike," he cautioned. Pay and health insurance is 'a real problem'Workers who go on strike generally lose their wages, Dau-Schmidt said. Kenneth Dau-Schmidt law professor at Indiana University BloomingtonEconomic strikers typically also get their other workplace benefits, including health insurance, nixed. But, he said, "sometimes employers won't kick employees off of the health insurance right away because it escalates the conflict and almost ensures an unhappy ending."

Persons: Johnnie Kallas, Kallas, Sharon, Block, Kenneth Dau, Schmidt, Dau Organizations: Bloomberg, Getty, Cornell University's School of Industrial and Labor Relations, Labor, United Auto Workers, Employees, Harvard Law School, Center for Labor, CNBC, National Labor Relations, Indiana University Bloomington, Railway Labor Act, Workers, Railway Labor, U.S, UPS, Strikers, Indiana University Bloomington Economic

☆ FedEx pilots reject 30% pay hike proposal, but a strike isn’t imminent
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The FedEx pilots who belong to the Air Line Pilots Association voted 57% against the proposed contract, which was reached in May and endorsed by union leadership. But even with the “no” vote, the 5,200 FedEx pilots won’t be able to go on strike any time soon. FedEx pilots are covered by the Railway Labor Act, which despite the name, covers both rail workers and airline employees. The FedEx pilots, who unlike most FedEx employees count as airline employees when it comes to which labor law they work under, have not cleared any of those hurdles so far. There have been numerous examples in recent years of union rank-and-file voting no on deals that were recommended by union leadership.

Persons: won’t, ”, “, John Deere Organizations: New, New York CNN — Pilots, FedEx, Air Line Pilots, Teamsters, UPS, Railway Labor Act, United Airlines, American Airlines, United, United Auto Workers Locations: New York, United States

☆ Travel news: Summer flights, best beaches and tourist-deterring fences
▼ + stars: | 2023-05-20 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

CNN —In travel news this week, why this summer could be a record-breaking one for air travel, America’s best beaches and Asian-American fusion cuisine – plus an Austrian village takes an unusual approach to combating unwelcome tourist behavior. Celebrating Asian American heritageGrowing up in North Carolina in the 1980s and ’90s, Kevin Lambert always felt different from his White peers. The United States has long been described as a “melting pot,” and it sure is delicious. 1 beach in the United States, which is on the Gulf of Mexico, has miles of pristine sand. nobleIMAGES/Alamy Stock Photo The best beaches in the United States in 2023 Prev NextHalf of the top 10 beaches in the United States for 2023 are in Florida and Hawaii, according to the latest annual report from coastal scientist “Dr.

☆ Why you don’t have to worry about a US airline strike disrupting your summer travel plans
▼ + stars: | 2023-05-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —American Airlines pilots voted to go on strike Monday. Southwest pilots are holding a strike vote as well. Many unions have had members participate in informational pickets at major airports, at American pilots did Monday. The last time a major airline was grounded by a strike was 25 years ago when Northwest Airlines pilots went on strike for two weeks. But most negotiations are settled, even after a strike vote, without a work stoppage.

☆ FedEx is on the cusp of a seismic shift — and it will forever change the company as we know it
▼ + stars: | 2023-04-09 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

"We will be consolidating our operating companies into one unified organization," FedEx CEO Raj Subramaniam told investors Wednesday. The shift will make FedEx's operational strategies more like competitors UPS and DHL. Regulatory risk brings up an old questionThere may also be some risks coming to the new, integrated FedEx from outside the company. In a stark difference between UPS and FedEx, UPS falls under the National Labor Relations Act and FedEx Express under the Railway Labor Act. Betting the future on slower servicesThe third risk analysts raised was market share.

☆ FedEx is rolling out the biggest transformation in its 50-year history. The potential reward is huge, but so are the risks.
▼ + stars: | 2023-04-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

☆ Despite East Palestine toxic train disaster, railroads still want single-person crews
▼ + stars: | 2023-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The rail safety legislation, introduced in Congress Wednesday with bipartisan support, would include a prohibition on single-person crews. There is no such existing law or federal regulation requiring both an engineer and a conductor to be on a train. The Association of American Railroads confirmed that its position in favor of one-person crews has not changed. “No data shows a two-person crew confined to a cab is safer, and train crew size should continue to be determined through collective bargaining,” a statement from UP. But it might have one or two provisions which are deal breakers for the unions, such as allowing single-person crews.

☆ FedEx pilot union inches closer to strike with unanimous approval for authorization vote
▼ + stars: | 2023-02-22 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

The union representing FedEx pilots unanimously approved a strike authorization vote last week, according to a Wednesday press release. According to a statement on the FedEx pilots' website, pilot leaders allege the company has failed to "acknowledge pilot contributions." After 30 days, pilots and management could exercise self-help, which could include a union strike or a company lockout. A statement by pilot leaders says FedEx customers should plan alternative means in the event of a pilot strike. The update comes a month after the Southwest Airlines pilots' union called a vote to authorize a potential strike after souring contract negotiations.

☆ Labor showdown looming at NJ Transit, one of nation’s largest commuter railroads
▼ + stars: | 2023-02-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But NJ Transit is adamant they won’t negotiate at all,” said Jim Brown, president of the New Jersey Transit portion of the Brotherhood of Locomotive Engineers and Trainmen. “NJ Transit is currently engaged in active and ongoing mediation. Those rules unique to commuter railroads can mean it can take three times as long for a strike to be allowed. A freight rail strike would have kept about 30% of the nation’s freight from moving and been a crippling blow to the nation’s economy and supply chain. Phil Murphy’s press office declined to respond on the state of negotiations at NJ Transit when asked for a comment by CNN late last year, referring all questions to NJ Transit.

☆ Southwest Airlines pilot union calls for strike authorization vote
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Jan 18 (Reuters) - Southwest Airlines Co's (LUV.N) pilot union has called for a strike authorization vote, weeks after a tech meltdown at the carrier left tens of thousands of passengers stranded across the United States. Casey Murray, president of Southwest Airlines Pilot Association (SWAPA), said in a statement. The strike authorization vote will take place beginning May 1 and will be counted at the end of that month, said SWAPA, which represents more than 10,000 pilots. Southwest pilots have been locked in talks over a new contract with the airline for nearly three years. Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Shareholders are asking rail companies to grant paid sick leave for workers because it's a 'prudent investment'
▼ + stars: | 2022-12-05 | by ( Juliana Kaplan | Hannah Towey | ) www.businessinsider.com time to read: +6 min

Some rail investors are calling for companies to adopt a proposal to give workers paid sick leave. Currently, rail workers technically have no paid sick leave, a key demand in their contract negotiations. Now, some railroad shareholders want reasonable paid sick leave to be included as a benefit. "Getting workers paid sick leave cuts down on disease spread dramatically, leading to fewer absences. Now, additional paid sick leave could be put to a vote, if the shareholders pushing rail companies to consider it get their way.

☆ How an arcane 96-year-old law stopped the rail strike
▼ + stars: | 2022-12-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The Railway Labor Act was passed in 1926 as one of the very first labor laws in the nation. Because of the law, the House was able to vote Wednesday to impose unpopular contracts on four rail unions whose members have already rejected the terms, followed by a vote by the Senate vote late Thursday that did the same. The Railway Labor Act, passed in 1926, is the reason Congress could intervene this week to block a strike by freight railroad unions. But under the Railway Labor Act, management can fall back on hopes that Congress will give them the deal it wants. When he served in the Senate, Biden voted against an earlier effort to impose a contract on the rail unions to keep them on the job.

☆ Biden signs bill averting rail worker strike despite lack of paid sick days
▼ + stars: | 2022-12-02 | by ( Emma Kinery | ) www.cnbc.com time to read: +4 min

The initial agreement brokered by the Biden administration was accepted by all but four rail unions, who were holding out for guaranteed paid sick leave days. A strike by rail workers so close to the holiday season — and in a period of high inflation — could potentially devastate the economy. The House on Wednesday approved a separate measure that would have added seven days of paid sick leave to the contract instead of just one. He said has long been a proponent of paid sick leave, and will still work to make it a right for all workers, not just rail workers. "It's looking like the Democrats are standing with our members and making sure that our members get sick leave.

Freight rail has the specific job of moving heavy, bulky goods and commodities, such as crude oil and coal, chemicals, large machinery, fabricated metals and many foodstuffs on which every American depends. Yet rail unions have been threatening a strike in the coming days because they are dissatisfied with a proposed labor contract. That’s why nearly 450 business groups this week told Congress that action to avert a freight rail strike was a matter of “grave urgency.” Washington is right to listen to them. But rail companies provide sick leave benefits based on post-contract talks between each company and its unions. Today, that’s freight rail service.

WASHINGTON — House lawmakers are poised to pass legislation Wednesday to avert a catastrophic rail strike that President Joe Biden warned could threaten the U.S. economy just weeks before Christmas. “At a time of record profits in the rail industry, it’s unacceptable that rail workers have ZERO guaranteed paid sick days,” Sanders tweeted. “It’s my intention to block consideration of the rail legislation until a roll call vote occurs on guaranteeing 7 paid sick days to rail workers in America.”Other progressives also wouldn’t commit to back the rail proposal. But the House will also vote separately on a bill that would add seven days of paid sick leave to the deal. Biden "is confident that we will not have a rail strike.

☆ America may dodge a crippling rail strike. Here’s how we got here
▼ + stars: | 2022-11-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The House approved two pieces of legislation Wednesday, one to impose the tentative agreements that members of four of the unions have already rejected, keeping 115,000 rail workers on the job and averting a strike. More than just sick daysThe fact that this is still an issue more than two months after an 11th-hour tentative deal was reached goes beyond the issue of paid sick days. All 12 rail unions agreed to the tentative deals that generated so much opposition. But he said the issue of sick days will not be going away. Senator Bernie Sanders, a close ally of the labor movement, tweeted “At a time of record profits in the rail industry, it’s unacceptable that rail workers have ZERO guaranteed paid sick days.

☆ ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
▼ + stars: | 2022-11-28 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start causing chaos in the economy as early as next week. The 449 business groups – which range from the Aluminum Association and the Beer Institute to the US Apple Association and the Window & Door Manufacturers Association – said this is a matter of “grave urgency” as even a short-term work stoppage would cause large problems. A rail strike could become a reality as early as December 9, causing shortages, spiking prices and halting factory production. They noted that the potential rail strike earlier this year caused “significant disruptions” for critical goods and products, including fertilizer, chlorine and other items, before the strike was averted with an 11th-hour tentative deal. “The uncertainty of rail service during this year’s protracted contract negotiation has created enormous anxiety.”

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