Tuesday, May 24, 2005

Economy is growing

One indicator of a growing economy is the health of the transportation sector, especially freight. Apparently it's doing well.

Big rigs and big raises
Swift ups some wages 31% to retain drivers At a time when many employees are fortunate to receive a cost-of-living raise, Swift Transportation Co. Inc. is offering large raises. The Phoenix-based long-haul trucker has increased wages 31 percent since last July for drivers with at least five years of experience. That's 10 times the 3.1 percent U.S. inflation rate. "We think they are worth it," said Dave Berry, a Swift vice president. "It's part of our culture in changing what we are doing at Swift. . . .

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