Monthly Archives: September 2013

Union says Globe and Mail must stop blaming employees for financial troubles

Posted on by

Source: j-source.ca

The union representing Globe and Mail employees said the company must stop pointing the finger at them for its financial struggles.

“There is no denying The Globe is struggling, perhaps failing financially. We get it. But a blame-shifting approach won’t fix The Globe’s very serious problems,” said Sue Andrew, unit chair at the Southern Ontario Newsmedia Guild in a memo obtained by Christine Dobby at the Financial Post. “Characterizing Globe employees as having a sense of entitlement and suggesting that the collective agreement is somehow impeding the company’s success is negative, confrontational and counterproductive.”

click here to read the entire story

TransForce Announces Acquisition of Total Delivery Systems

Posted on by

Source: newswire.ca

MONTREAL, Sept. 26, 2013 /CNW Telbec/ – TransForce Inc. (TSX: TFI) (OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced that, through its subsidiary Dynamex Canada Limited, it has acquired all the shares of Total Delivery Systems (“TDS”).

 

Headquartered in Victoria, British Columbia, TDS operates a network of 18 locations across British Columbia. TDS provides a wide range of courier and distribution services, such as local messenger, time sensitive delivery, overnight service, storage, logistics, LTL and just-in-time package delivery. The acquisition is expected to generate annual revenue of approximately $20 million.

 

“This acquisition significantly expands Dynamex Canada’s geographic footprint, service offering and density across British Columbia. We are pleased to work with TDS’s senior management to further develop the business opportunities that will arise from this transaction,” said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce.

 

ABOUT TRANSFORCE

TransForce Inc. is a North American leader in the transportation and logistics industry operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from corporate financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments:

 

Package and Courier;

Less-Than-Truckload;

Truckload, which includes specialized truckload and dedicated services;

Specialized Services, which includes services to the energy sector, waste management, logistics and ancillary transportation services.

 

 

TransForce Inc. (TFI) is publicly traded on the Toronto Stock Exchange (TSX: TFI) and the OTCQX marketplace in the U.S. (OTCQX: TFIFF). For more information, visit http://www.transforcecompany.com.

 

FORWARD-LOOKING STATEMENTS

Except for historical information provided herein, this press release may contain information and statements of a forward looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management’s best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce’s products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

 

SOURCE TRANSFORCE INC.

 

For further information:

Investors:

Alain Bédard

Chairman, President & CEO

TransForce Inc.

(514) 331-4200

abedard@transforcecompany.com

 

Media:

Rick Leckner

MaisonBrison Communications

(514) 731-0000

rickl@maisonbrison.com

 

US Hedge Funds Squeezing Profitable Postmedia: Union

Posted on by

As media giant makes 17 per cent profit, Sun, Province publisher says more fat to cut.

Source: TheTyee.ca

Faceless foreign ownership is behind newspaper publisher Postmedia’s push to cut costs at Vancouver’s duopoly dailies, according to the head of the union that represents workers at the Sun and Province. “One of the big problems with Postmedia is it’s controlled by U.S. hedge funds,” said Mike Bocking, president of Unifor Local 2000. Click here to read entire story

Postmedia to close Kennedy Heights plant

Posted on by

Source: mediaunion.ca

The Kennedy Heights printing plant will be put up for sale immediately and operations there will cease sometime in 2015, the union was told today by Paul Godfrey, CEO of Postmedia.

The company presented two possible options going forward. One is contracting out the work currently done at Kennedy Heights. The company has “entered into a contract with Transcontinental” to print papers effective early 2015, Godfrey told Local 2000 representatives.

The other option is the union and company reaching an agreement to open a new plant that would cost substantially less to operate than Kennedy Heights. Godfrey explained that the contract between Postmedia and Transcontinental will not go into effect if the company and union reach a deal before Nov. 18, 2013 that reduces costs at a new plant by 70-75 percent.

Our current contract language says “there will be no involuntary loss of employment of any regular employee during the life of the contract as a result of” contracting out.

Union officers will be consulting with our legal counsel and meeting with members to discuss our next steps.

The company said it was hoping to have further discussions soon.

Postmedia also announced today that it is selling the Calgary Herald building and land and will be contracting out printing beginning in November.