Join Us

Tell A Friend

Get Involved


Signs of Abuse

Rate Your Pension

What Are My Rights


Airline Pension

Auto Pension

Steel Pension

Construction Pension

Longshoremen Pension

Transportation/Trucking Pension


Is Your Industry Funded

Understanding Your Pension

Our Pension Rating System


Legislative Update

Retirement Planning Resources

Union Leadership Directory


Recent Pension News

Pension Publications


Helpful Pension Links

Pension Glossary

 

Transportation Pension


Pension Plans in the Trucking Industry
   Is the low-fuel warning light on?

“Multiemployer pension plans in the trucking industry are only about 70 percent funded, according to the non-partisan Congressional Budget Office.”

­ Arizona Republic‚ July 6‚ 2005

 

“Another $150 billion shortfall is estimated among some of the 1,600 multiemployer plans that are common among unionized workers in the building trades, trucking and supermarket industries.”

­ Florida Today‚ June 13‚ 2005

 

 

 

 


 

Make yur voice heard!
To contact your leadership, click here for more information. If you have additional leadership information to post, please send it to us.

So you’re a trucker...

You may be a short hauler, and probably unionized. You may be an owner/operator hiring yourself out, or work long-term for a big long-haul firm. There are some 3.1 million truck drivers in the U.S. today, and the $585 billion trucking industry makes it a big engine indeed. In fact, trucking is responsible for about 5 percent of the $11 trillion American economy, as well as 87% of the $677 billion transportation industry.

About 1.4 million truckers belong to the Teamsters union, about 45% of all truckers. But union membership has been steadily falling, despite the overall growth of the industry.

For up-to-date information about events affecting your pension right now, take a look at our Recent Articles section.

Back To Top

What type of plan do I have?

Unionized short-haul truckers tend to have multi-employer pension plans negotiated by their unions. Long haulers are more likely to have single-employer plans. And both types of plans are usually Defined Benefit Plans.

Back To Top

Is your plan good for the long haul?

Trucking has grown vigorously over the last decade and that growth – combined with a shortage of drivers – has been keeping salaries high. But this fragmented, highly competitive, and low-margin industry remains sensitive to the economy, interest rates, and the price of diesel. This has contributed to the underfunding epidemic of many trucker pension funds.

A December, 2005 study by the Central States Pension Improvement Committee compared the Teamster's Central States Fund with six other larger Teamster funds. The report, as discussed on the Teamsters for a Democratic Union website, found that despite deeper cuts in benefit, the Central States fund had "the same employers, the same demographics, the same ratio of retirees, and a similar funding ratio." The group has called for more detailed information so they can produce an independent actuarial study of the fund.

According to an October 2004 article in Financial Planning magazine, trucking was underfunded by 33% in the Pension Benefit Guaranty Corporation (PBGC) multiple-employer program.

Back To Top

Pension plan road hazards

Although the trucking industry itself is generally healthy, the private pensions covering truckers face uncertainty. This is particularly true for short haulers, who tend to be unionized, and therefore often have multi-employer plans. A failure by one or more employers in a multi-employer plan can threaten others. As that employer’s contribution drops out of the plan, other companies have to make up the difference in future contributions.

Also, the Teamsters pension funds have been plagued with numerous financial problems. The largest, the Central States Pension Fund – with approximately $16 billion in assets – was down about $6 billion as of March 2003.

Therefore, all truckers – and particularly short haulers – should take the time to look into their pensions to make sure their funds are safe. If you aren’t up-to-date on how your pension is doing, our Understanding Your Pension section can help you make sense of your pension plan materials and get more information.

Back To Top

Where do I go to find out about my pension

Good intentions and complex legal mandates are not enough to protect your retirement income. Truckers should take steps to inform themselves about their company pension plans – through your company’s Human Resources organization and, if unionized, through your local union representatives as well.

This website has been designed to help you. Click to our easy-to-follow Understanding Your Pension section for more detailed information.

You can also click here to see contact information for the trucking industry.

Back To Top

Contact Information for Truckers

Major Trucking Companies:

Contact information for the major trucking companies is listed below. Where possible, we have included direct numbers or web addresses to the relevant pension, benefits, or human resources departments.

ABF Freight System, INC.
www.abfs.com
Main: 1-800-610-5544
Benefits: 479-785-6000

American Freight Company
www.freightcenter.com
Main: 727-595-5950

Averitt Express
www.averittexpress.com
Main: 1-800-283-7488

Bax Global Air Freight
www.baxglobal.com/US.asp
Benefits: 714-442-4518

Bullet Freight
www.bulletfreight.com
Main: 1-888-506-7437

Bullocks Express
www.bullocks-express.com
Main: 1-800-459-3614

Central Freight Lines, Inc.
www.centralfreight.com
Main: 1-800-782-5036

Central Transport
www.centraltransportint.com
Main: 1-800-334-4883

CNF, Inc.
www.Cnf.com
Main: 650-494-2900
Benefits: 503-450-2000

Dayton Freight
www.daytonfreight.com
Main: 1-800-860-5102

DHL Worldwide Express
www.Dhl-usa.com
Main: 954-888-7000
Benefits: 954-888-5716

Estes Express Lines
www.estes-express.com
Main: 1-866-ESTES4U
Benefits: 1-866-ESTES4U x2211

Federal Express
www.Fedex.com
Main: 901-369-3600
Benefits: 901-434-4800

G.I.Trucking
www.gi-trucking.com
Main: 714-523-1122
Benefits: 714-223-2540

J.B. Hunt
www.jbhunt.com
Main: 1-800-643-3622

Kane Freight Lines, Inc.
www.kaneisable.com
Main: 1-800-845-KANE (5263)
Benefits: 1-800-374-4631

Nebraska Transport Company, Inc.
www.nebt.com
Main: 1-800-347-6331

New England Motor Freight
www.nemf.com
Main: 908-965-0100
Benefits: 732-940-7216 x263

Nussbaum Trucking
www.nussbaum.com
Main: 1-800-322-7305

Oak Harbor Freight
www.oakh.com
Main: 1-800-285-6254
Benefits: 1-800-858-8815

Old Dominion Freight Line
www.odfl.com
Main: 1-800-432 6335
Benefits: 336-822-5230 (Bill Tittsworth)

Pilot Air Freight
www.pilotair.com
Main: 610-891-8100
Benefits: 610-891-8122

Roadway Express, Inc.
www.Roadway.com
Main: 330-384-1717

Saia Motor Freight
www.saia.com
Main: 1-800-765-7242
Benefits: 800-950-7242

Schneider National, Inc.
www.Schneider.com
Main: 920-592-2000
Benefits: 800-558-6701 x4183

Southeastern Freight Lines
www.sefl.com
Main: 800-637-7335
Benefits: 1-800-637-7335 x3266

Swift Transportation
www.swifttruckingjobs.com
Main: 1-800-669-7943
Benefits: 1-800-800-2200 (ask for benefits)

UPS
www.ups.com
Main: 404-828-6000
Benefits: 1-800-643-4442

US Freightways
http://www.usfc.com/
Main: 773-824-1000

Viking Freight (re-branded to FedEx Freight West)
www.fedexfreight.fedex.com
Main: 901-369-3600
Benefits: 1-800-525-4478

Vitran Express
www.vitranexpress.com
Main: 800-366-0150
Benefits: 317-803-4039

Ward Trucking
www.wardtrucking.com
Main: 1-800-458-3625

Watkins Motor Lines
www.watkins.com
Main: 1-800-274-9099
Benefits: 1-888-552-6215 x3700

Werner Trucking
www.werner.com
Main: 402-895-6640
Benefits: 1-800-228-2240 x2681

Wilson Trucking
www.wilsontrucking.com
Main: 540-949-3200
Benefits: 540-949-3276

Wichita Southeast Kansas Transit (WSKT)
www.wskt.com
Main: 1-800-879-9758
Benefits: 1-800-879-9758 x152

Yellow Roadway Corporation
www.Yellowroadway.com
Main: 913-696-3028

Non-Union Benefits: 800-458-3323 x6163
Union Benefits: 800-458-3323 x3443

Back To Top

Teamsters and associated pension funds

Contact information for the Teamsters – and associated pension funds – is provided below:

International Brotherhood of Teamsters
With 1.4 million members, The International Brotherhood of Teamsters has 521 Teamsters local unions in North America. There are 32 regional Teamster pension plans.
www.teamster.org
Tel: 202-624-6800
mbutler@teamster.org

Central Pennsylvania Teamsters Pension Fund
www.centralPAteamsters.com
Tel: 610-320-5500
PensionFund@CentralPATeamsters.com

Central PA Teamster Reform Committee
www.saveourpension.org
admin@saveourpension.org

Central States Pension Fund
The largest, the Central States Pension Fund, owed $31 billion to about 460,000 workers and retirees at the end of 2002, according to the New York Times. It has approximately $16 billion in assets – down “about $6 billion in the last three and a half years.”
PenInfo@CentralStatesFunds.Org
Tel: (800) 323-5000

Michigan Conference of Teamsters Welfare Fund
www.mctwf.org
Tel: 313-964-2400

New England Teamsters & Trucking Industry Pension Fund
http://www.nettipf.com/

New York State Teamsters Conference –
Pension & Retirement Fund

benefits@nyfund.org
Tel: 315-455-9790

Western Pennsylvania Teamsters & Employers Pension Fund
www.wpapensionfund.com
Tel: 800-362-4201

Western Conference of Teamsters Pension Plan
Its agreements cover over 300,000 Teamsters through pension agreements with 5,200 employers in 13 states. Joint Councils are set up in areas with three or more local unions.

Back To Top

Joint Councils by State

Alaska
Joint Council 28: 206-441-7470

Arizona
Joint Council 3: 303-477-1623

California
Joint Council 7: 415-467-7768
Joint Council 42: 626-573-4242
Joint Council 38: 209-577-0500

Colorado
Joint Council 3: 303-477-1623

Hawaii
Joint Council 42: 626-573-4242

Idaho
Joint Council 3: 303-477-1623

Montana
Joint Council 3: 303-477-1623

Nevada
Joint Council 38: 209-577-0500

New Mexico
Joint Council 3: 303-477-1623

Oregon
Joint Council 37: 503-251-2337

Utah
Joint Council 3: 303-477-1623

Washington
Joint Council 28: 206-441-7470
Joint Council 37: 503-251-2337

Wyoming
Joint Council 3: 303-477-1623

Back To Top

 
Contact Us | Privacy Policy | Home
© 2003 - 2005, Know Your Pension. All rights reserved.