Two regional less-than-truckload carriers announced across-the-board pay cuts because of deteriorating freight volumes and prices, Saia Inc. by 5% for salaried employees and drivers, and Ward Trucking Corp. by 8.9%. Both companies said executives’ pay was cut even more.
http://www.ttnews.com/articles/basetemplate.aspx?storyid=21632
http://www.ttnews.com/articles/basetemplate.aspx?storyid=21632