Teamsters Claim $1 Billion in Assets as Costco Strike Looms (1)

The International Brotherhood of Teamsters is worth $1 billion in assets, according to President Sean O’Brien, resources that will likely influence how the union tackles bargaining and labor disputes next year.

That includes a $348 million strike and defense fund that has consistently grown $3 million to $4 million a month, O’Brien said Tuesday in a speech to Costco Wholesale Corp. workers in Long Beach, Calif. Those figures represent staggering gains for the union and could allow it to wage damaging strikes against even the largest US companies in 2025.

The Teamsters reported far fewer assets—$566 million in total—on their ...