The Teamsters union says it is willing to discuss labor costs when contract talks with ABF Freight System begin — but not just union labor costs.
“Analysts and ABF management have focused almost entirely on Teamster labor costs, but not management labor costs,” the union said in a Dec. 14 statement.
The union pointed to a 2011 pay hike for the CEO of ABF parent Arkansas Best, Judy McReynolds. Her salary climbed $75,000 to $525,000 a year in her second year as CEO, and her total compensation rose to $1.35 million, according to company reports filed with the U.S. Securities and Exchange Commission.
