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As they struggle to survive in a tough economy, many companies are reversing the trend of recent years and are cutting driver pay and benefits. Among the fleet pay packages tracked by the National Survey of Driver Wages, the fourth quarter of 2001 saw decreases for average company driver pay in two of the three trailer segments tracked
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The U.S. economy did better in the fourth quarter than first thought. The Commerce Department released figures this morning showing the nation’s Gross Domestic Product grew at a 1.4% rate in the final quarter of last yea
Read More →American consumers have turned a little fickle about the future of the economy
Read More →There are more indications the American economy is poised for a turnaround. This morning the Conference Board reported its Index of Leading Economic Indicators increased 0.6% in January
Read More →The U.S. economy may not be at its best right now, but officials with U.S. Xpress say they are planning to increase their fleet size and use new technology to improve their bottom line. Co-Chairman Max Fuller talked with Newport’s Truckinginfo.com Friday, after accepting an honor from Horton, about some plans his company has for the coming year. He said the carrier, which already operates 5,250 trucks and has 7,000 company drivers, does have plans to expand its fleet in the next year
Read More →Updated 2 p.m. EST – It wasn’t much of an increase, but the economy did expand in the final quarter of 2001. This morning the U.S. Commerce Department released figures indicating the Gross Domestic Product grew 0.2% during the last three months of the year
Read More →Two good pieces of news about the American economy were released Tuesday: Consumer confidence and durable goods orders and shipments are on the increase
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There are more signs an economic recovery is at hand…Fed Chairman Alan Greanspan is upbeat…for a change
Read More →The U.S. economy may be closer to seeing the end of the recession. On Tuesday morning The Conference Board reported its index of Leading Economic Indicators in December posted its biggest gain since February 1996 to 111.4
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Knight Transportation, Phoenix, Ariz., saw its fourth-quarter and 2001 revenues and income increase compared to the previous year
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