* Arizona - Class action suit claims truckload giant's software shorted driver miles
Maricopa County,AZ,USA -The Journal of Commerce Online, by William B. Cassidy -Nov 8, 2010: -- Swift Transportation faces a class-action lawsuit alleging the nation's largest truckload carrier underpaid its truck drivers for at least a dozen years... Maricopa County Superior Court Judge J. Richard Gama ruled Nov. 4 a lawsuit filed against Phoenix-based Swift in 2004 may proceed as a class-action suit... The suit claims that by basing per-mile pay on mileages calculated by software rather than actual miles driven, Swift underpaid drivers 7 to 10 percent... The class in the case encompasses all drivers and owner-operators who worked for Swift on or after Jan. 30, 1998. Leonel Garza is the lead plaintiff in the case... Swift owns about 12,300 tractors and contracts with about 3,800 owner-operators... Swift, which had about $2.6 billion in revenue in 2009, is the largest truckload carrier in the U.S. when ranked by revenue. The company, which is in the midst of an initial public offering, lost $76.1 million in the first six months of 2010... (Photo from magazine.volvotrucks: Since 2003, Volvo is the exclusive provider of trucks for Swift Transportation)
* DC - US Postal Service Posts $8.5 Billion Loss. Recession, economic pressures, rise of electronic media slam volume
Washington,D.C.,USA -The Journal of Commerce Online, by Thomas L. Gallagher -Nov 12, 2010: -- The U.S. Postal Service lost $8.5 billion in its fiscal year ended Sept. 30 as the recession and the rise of electronic media reduced volume and economic pressures related to regulations and retirement benefits added to costs... The net loss more than doubled from the $3.8 billion the Postal Service lost in fiscal 2009. This year’s loss included a $5.5 billion expense for pre-funding retiree health benefits... Operating revenue of $67.1 billion in 2010 declined $1 billion from 2009, primarily because of lower volume. The USPS has responded to the structural shift away from traditional mail by cutting costs and eliminating jobs, but Congress has not acted on its request for relief from a staggering pension obligation and the Postal Service has faced opposition to its plans to cut back some services such as Saturday delivery and close post offices... Excluding the pre-funded retiree health benefits, operating expenses for 2010 amounted to approximately $70 billion. That was down only $400 million from operating expenses of approximately $70.4 billion in 2009, also excluding a $1.4 billion expense for pre-funding retiree health benefits... (Photo from AP, by Megan Lovett: Mail carrier Leslie Bonsiewich delivers mail on Hinton Avenue in Belmont, Va. during last Friday's snow)Labels: trucking industry news USA
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