Pension Update

Company and the Union officials met this week with the representatives of the Western Conference of Teamsters Pension Fund. The Pension Fund representatives provided an update concerning the Fund's "funded" status. A follow up meeting with representatives of the fund will be scheduled in the near future so the Company and the Union can ask additional questions.

Also this week the Union Pension Sub-Committee met to discuss the status of the Union's effort to negotiate the Company into the Western Conference of Teamsters Pension Fund. The Union's attorney Ed Gleason, provided an update concerning the Pension Fund status. Impressively, even in the current economic environment, the Western Conference of Teamsters Pension Fund remains in the "Green" zone. The Sub-Committee will provide a more detailed written update in the coming weeks.

Upcoming Negotiations

• November 12th and 13th in Chicago
• December 2nd, 3rd and 4th in San Francisco