Jan 2008
Profit Sharing info
01/30/08 12:07
Guys:
Receiving lots of calls from the members raising hell that they are only going to get about 1% since we are receiving a 38% pay out. If I figure it right it should go something like this:
For yard service: 38% of 8% equals= should pay about 3.04% of your gross earnings for the first 6 months of 2007. For the last 6 months of 2007 you should get 38% of 12% equals: 4.56% of your gross for the last 6 months
For SF Road: 38% of 12% equals 4.56% for the first 9.5 months of 2007. 16% did not go into effect until October 16, 2007, so for the last 2.5 months you ought to get 38% of 16% equals 6.08 percent of your gross.
If you would put up something on the bulletin boards to show the figures to slow down some of the phone calls. Even though we only got 38% we still made more than if we would have kept the full 3% GWI instead of trading 2% for 4% more PS.
Pat
Receiving lots of calls from the members raising hell that they are only going to get about 1% since we are receiving a 38% pay out. If I figure it right it should go something like this:
For yard service: 38% of 8% equals= should pay about 3.04% of your gross earnings for the first 6 months of 2007. For the last 6 months of 2007 you should get 38% of 12% equals: 4.56% of your gross for the last 6 months
For SF Road: 38% of 12% equals 4.56% for the first 9.5 months of 2007. 16% did not go into effect until October 16, 2007, so for the last 2.5 months you ought to get 38% of 16% equals 6.08 percent of your gross.
If you would put up something on the bulletin boards to show the figures to slow down some of the phone calls. Even though we only got 38% we still made more than if we would have kept the full 3% GWI instead of trading 2% for 4% more PS.
Pat
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2007 Profit Sharing
01/29/08 11:19
January 31, 2008
RE: 2007 System Profit Sharing
To all employees eligible for profit sharing payments:
Thank you for your hard work this past year. Your dedication and focus helped Team BNSF overcome
many challenges in 2007. Unfortunately, I am disappointed to report that our profit sharing award for 2007
is lower than the maximum we’ve seen the last three years. For 2007, your profit sharing payout will be 38
percent of your maximum profit sharing payout potential, based on Team BNSF’s performance toward our
mutual goals of safety, velocity, and earnings per share. To recognize your hard work in 2007, the 38
percent payout on profit sharing is actually higher than it would have been based simply on the numbers.
Several factors contributed to the reduced award this year, most importantly, beginning with our safety
performance. Four of our colleagues were fatally injured in 2007, a sobering reminder that we have much
more work to do in safety. We also fell significantly short of our safety goals in 2007. For 2008, we will
continue our company-wide safety initiatives, but ultimately each of us must take ownership of our vision
to achieve an accident- and injury-free workplace.
We also fell short of our goals for earnings per share. Improved pricing helped us offset a decrease in unit
volumes, and we reported revenue records in some areas of our business. However, we were short of our
plan. Despite strong grain volumes, we were affected by the soft economy and saw reduced demand for
consumer goods and building products. The year brought other challenges that increased our costs,
including soaring fuel prices and record flooding on parts of our network. The bottom line is that, due to a
variety of factors, we fell short of our goals for earnings per share.
Our strongest performance for 2007 came in velocity. Thanks to much hard work and focus, we improved
our performance on all six of our velocity measures compared with 2006 and achieved several of our
velocity goals. Most of the profit sharing results we saw for 2007 came from our velocity improvements,
and we should all be proud of this achievement.
For 2008, we are conservative in our expectations of the economy, but we are optimistic about the long
term. We have set reasonable goals for volume growth and earnings per share, and we will continue to
invest significant amounts in maintaining and expanding our network. Over the long term, we believe the
demand for rail will grow significantly, and we are positioning ourselves to take advantage of that growth.
We can all have an impact in 2008 and can help achieve a successful year and a strong profit sharing
contribution in several ways. First, as always, we must improve our safety performance. Second, we must
be guided by our corporate vision of providing service that meets customer expectations. The best way to
attract more business is to provide quality service. Finally, we can improve our service and efficiency by
advancing our velocity and fuel savings initiatives and by meeting our plans for service excellence.
You can find more information about our 2007 profit sharing goals and performance on the Labor
Relations Web site at employee.bnsf.com – My BNSF – Labor Relations. Thank you for your vital
contribution to the success of BNSF. You truly make a difference, and working together we can achieve
even better results in 2008.
Sincerely,
Carl R. Ice
RE: 2007 System Profit Sharing
To all employees eligible for profit sharing payments:
Thank you for your hard work this past year. Your dedication and focus helped Team BNSF overcome
many challenges in 2007. Unfortunately, I am disappointed to report that our profit sharing award for 2007
is lower than the maximum we’ve seen the last three years. For 2007, your profit sharing payout will be 38
percent of your maximum profit sharing payout potential, based on Team BNSF’s performance toward our
mutual goals of safety, velocity, and earnings per share. To recognize your hard work in 2007, the 38
percent payout on profit sharing is actually higher than it would have been based simply on the numbers.
Several factors contributed to the reduced award this year, most importantly, beginning with our safety
performance. Four of our colleagues were fatally injured in 2007, a sobering reminder that we have much
more work to do in safety. We also fell significantly short of our safety goals in 2007. For 2008, we will
continue our company-wide safety initiatives, but ultimately each of us must take ownership of our vision
to achieve an accident- and injury-free workplace.
We also fell short of our goals for earnings per share. Improved pricing helped us offset a decrease in unit
volumes, and we reported revenue records in some areas of our business. However, we were short of our
plan. Despite strong grain volumes, we were affected by the soft economy and saw reduced demand for
consumer goods and building products. The year brought other challenges that increased our costs,
including soaring fuel prices and record flooding on parts of our network. The bottom line is that, due to a
variety of factors, we fell short of our goals for earnings per share.
Our strongest performance for 2007 came in velocity. Thanks to much hard work and focus, we improved
our performance on all six of our velocity measures compared with 2006 and achieved several of our
velocity goals. Most of the profit sharing results we saw for 2007 came from our velocity improvements,
and we should all be proud of this achievement.
For 2008, we are conservative in our expectations of the economy, but we are optimistic about the long
term. We have set reasonable goals for volume growth and earnings per share, and we will continue to
invest significant amounts in maintaining and expanding our network. Over the long term, we believe the
demand for rail will grow significantly, and we are positioning ourselves to take advantage of that growth.
We can all have an impact in 2008 and can help achieve a successful year and a strong profit sharing
contribution in several ways. First, as always, we must improve our safety performance. Second, we must
be guided by our corporate vision of providing service that meets customer expectations. The best way to
attract more business is to provide quality service. Finally, we can improve our service and efficiency by
advancing our velocity and fuel savings initiatives and by meeting our plans for service excellence.
You can find more information about our 2007 profit sharing goals and performance on the Labor
Relations Web site at employee.bnsf.com – My BNSF – Labor Relations. Thank you for your vital
contribution to the success of BNSF. You truly make a difference, and working together we can achieve
even better results in 2008.
Sincerely,
Carl R. Ice
Declined Claims
01/23/08 09:42
We are still processing your 16 hour activation
penalty claims. These claims are forwarded to the GC
and will eventually go to an arbitrator. Please when
forwarding claims keep your comments to the point.
Remember that these comments are on the claim when it
goes to the carrier. If you put smartass comments on
your claim you are not helping your cause.
Hahs Hearing
01/14/08 19:12
Brothers:
I just finished talking with President Hahs about whether or not we as members had the right to attend the IRB Hearing that is to begin on the 4th of February in Cleveland. He has informed me that we do have a right to attend in support of him and who knows maybe the IRB will have questions for some or all of us. I myself will be there using my own time and funds to attend. What is happening to our president cannot be allowed to continue without us showing our support for the man that our delegates elected to the position he holds. Anyone wishing to attend the hearing in Cleveland to support our president will be much appreciated by Don and his family. And who knows it could very make some one question that fact that they are only taking the word of wrong doing by the vocal minority instead of the silent majority. It is definitely time as part of the majority to stand up and be counted. President Hahs is checking into reasonable prices at places for those that wish to attend. Again Brothers, if you support our Democratic Process and the democratic process that are delegates in session discussed and acted upon then I encourage you to not only write or call the IRB and Hoffa, but to attend the proceedings in Cleveland to show your support if possible.
Pat
I just finished talking with President Hahs about whether or not we as members had the right to attend the IRB Hearing that is to begin on the 4th of February in Cleveland. He has informed me that we do have a right to attend in support of him and who knows maybe the IRB will have questions for some or all of us. I myself will be there using my own time and funds to attend. What is happening to our president cannot be allowed to continue without us showing our support for the man that our delegates elected to the position he holds. Anyone wishing to attend the hearing in Cleveland to support our president will be much appreciated by Don and his family. And who knows it could very make some one question that fact that they are only taking the word of wrong doing by the vocal minority instead of the silent majority. It is definitely time as part of the majority to stand up and be counted. President Hahs is checking into reasonable prices at places for those that wish to attend. Again Brothers, if you support our Democratic Process and the democratic process that are delegates in session discussed and acted upon then I encourage you to not only write or call the IRB and Hoffa, but to attend the proceedings in Cleveland to show your support if possible.
Pat
401K change
01/14/08 19:10
Brothers:
I talked with Milton Siegele yesterday concerning the letters each of our members received from Van Guard notifying all participants that they would be restricted when investing their monies to amount of no more than 20% would be allowed to buy company or BNSF stock beginning January 1, 2008. I have received a number of phone calls asking why the Carrier or Van Guard have rights to tell the participants where or how much they can invest in any entity. What our people are being face with is a directive from the DOL (Department of Labor) which is mandating the restrictions. These restrictions are being mandated strictly to prohibit our guys from falling into the sewer like the employees of Enron. Milton, tells me that all the exempt employees or company officers are not being allowed to invest any more than the same 20% as our guys are.
Wendell and Milton are in the middle of putting a letter of explanation together for distribution to those participants. Fell free to share this information with your members.
Pat
I talked with Milton Siegele yesterday concerning the letters each of our members received from Van Guard notifying all participants that they would be restricted when investing their monies to amount of no more than 20% would be allowed to buy company or BNSF stock beginning January 1, 2008. I have received a number of phone calls asking why the Carrier or Van Guard have rights to tell the participants where or how much they can invest in any entity. What our people are being face with is a directive from the DOL (Department of Labor) which is mandating the restrictions. These restrictions are being mandated strictly to prohibit our guys from falling into the sewer like the employees of Enron. Milton, tells me that all the exempt employees or company officers are not being allowed to invest any more than the same 20% as our guys are.
Wendell and Milton are in the middle of putting a letter of explanation together for distribution to those participants. Fell free to share this information with your members.
Pat
MOW window
01/10/08 17:14