Schneider Shuts Two Units in Pension Fund Dispute

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ruckload carrier Schneider National Inc. closed two of its Teamster-represented subsidiaries June 28 and 29 after failing to reach a labor contract that would free it from the financially strapped Central States Pension Fund.

Green Bay, Wis.-based Schneider said it closed its Schneider Tank Lines and Classic Division of Schneider Transport because the Teamsters union would not agree to a contract protecting Schneider from pension fund withdrawal liabilities, the company’s general counsel, Thomas E. Vandenberg, told Transport Topics.

“We believe they have a major funding issue,” said Vandenberg. “It’s a pretty big hole for anyone to climb out of.”

Teamsters headquarters referred inquiries to Teamsters Local 39 in Green Bay, which did not return calls by press time.

For the full story, see the July 7 edition of Transport Topics. Subscribe today.

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