Dear SIU Brothers and Sisters:
On March 6, GATX Corporation formally notified the union that its subsidiary American Steamship Company (ASC) plans to operate all 11 vessels this season. This is what we anticipated, but it wasn’t until a few days ago that we received written confirmation.
Further, and as many of you know, GATX is in the process of selling ASC to Rand Logistics, Inc. The transaction is not a certainty and may take many months to finalize, partly because it’s subject to review by the U.S. Federal Trade Commission and the U.S. Department of Justice. In any case, the sale will not affect your union contract, which remains in effect until June 15, 2020.
The SIU will work with the new owners to secure a subsequent contract and to protect your jobs. In the meantime, please keep up the great work throughout this sailing season. Your continued professionalism will help everyone involved.
SIU VP Great Lakes and Inland Waters
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