Dear Mr. Suggs, This is an open letter to you to respond to some of the dishonest things that you ve been saying to us. First, you say that we Overnite Teamsters don t want to see Overnite get out from under Union Pacific s shadow. That is a lie. You provided no guarantees for us.
History is clear on who suffers when a company takes on too much debt.
It s the workers every time. The deal you cooked up was a bad one for the workers. By postponing the IPO as it is currently structured, you now have a chance to re-negotiate it to protect our wages, benefits and pension, and establish labor peace. Other trucking companies, such as Roadway and Preston, became independent with no debt, and with Teamster contracts. Second, you say we asked the Teamsters to come and represent us because the company was losing money.