Fed Chair Yellen stands by comment that an aging populati…
In her testimony to the House Financial Services Committee, Federal Reserve Chair Janet Yellen answers questions on group supervisions of insurers and labor participation.
In her testimony to the House Financial Services Committee, Federal Reserve Chair Janet Yellen answers questions on group supervisions of insurers and labor participation.
For John Flannery, who is the incoming CEO of General Electric Company (NYSE:GE), it looks like his honeymoon will be quite short. Since the announcement of his post, the shares of the company have taken a hit. For the past five years, GE stock has only been able to log a return of 32%.
Photo: Southern Refrigerated Transport
">Photo: Southern Refrigerated Transport
">Southern Refrigerated Transport announced a new compensation package for its drivers that includes new pay increases and increased paid vacation time.
Mileage-based drivers will earn an additional cent per mile on every load when a wage increase kicks in on Oct. 1. The company estimates the increase should be equivalent to a $1,000-per year raise on average. The raise will affect company drivers and owner-operators.
Also going into effect at the same time, student drivers at SRT will see an increase in weekly wages during training. And drivers with at least one year with the company will receive holiday pay for both Thanksgiving and Christmas.
Additionally, drivers with at least three years at SRT will be eligible to receive two weeks of paid vacation, effective Jan. 1, 2018. Drivers previously earned one week of paid vacation on top of normal home time and normal pay during holidays.
“We want to be competitive in the marketplace with our driver pay, and we want to take care of our professional drivers,” said Billy Cartright, COO and executive vice president at SRT. “As we take care of our professional drivers, they will take care of our customers — a win-win for all.”
SRT is a Texarkana, Arkansas-based carrier specializing in solo, refrigerated truckload transportation. It's a subsidiary of Covenant Transportation Group, which includes Covenant Transport and Covenant Transport Solutions of Chattanooga, Tennessee, and Star Transportation of Nashville, Tennessee.
For more information on driving for SRT, click here.
Related: Home Time and Health Issues Cause Drivers to Quit
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Michael Loizzo Photo: Modagrafics
" >Michael Loizzo Photo: Modagrafics
" width="250" height="259">Modagrafics has named Michael Loizzo vice president of sales following a national search.
Modagrafics says it was looking for an individual with an impressive track record in innovation, leadership, and a passion for the business, both inside and outside of the fleet market.
“I wanted to make sure they would fit into our culture, be heavily engaged in the sales process, and be able to add value to our sales and operational efforts on a daily basis,” said Paul Pirkle, president and CEO of Modagrafics. “Michael understands how our traditional products relate to the Spedian Vehicle Graphics System and BlackBerry Radar, in addition to how integral the Rapidus app is to our overall approach. He gets it, and I'm confident he will be a huge asset for Modagrafics.”
In his new position, Loizzo will focus on building customer relationships and generating revenue for Modagrafics products. He will collaborate with Brian Leyden, Modagrafics director of retail sales, to introduce retail graphics to fleet customers and fleet solutions to retail customers.
In his last job, Loizzo was the president of a Chicago area national pallet and crating provider, where he managed day-to-day operations.
“At my last company, the team took pride in our accessibility and responsiveness; every inquiry was a priority, and every situation was followed up with a solution,” said Loizzo. “Here at Modagrafics, we have a team of people who bleed what the organization represents, from top to bottom.”
Related: Blackberry, Modagrafics Help Fleets Understand Asset Tracking in the Digital Age
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...Read the rest of this storyFBI Director Nominee Christopher Wray answers questions on Robert Mueller's investigation into Russian involvement in the U.S. elections.
The Hyperloop is one step closer to completing its transition from concept to reality after a successful, though limited, full-scale test run by Hyperloop One.