Execs at major fleets take salary cuts as part of COVID-19 cost cutting

April 28, 2020

Executives for at least three major fleets that operate heavily in the for-hire truckload segment have agreed to take temporary salary reductions as a means to cut costs during the economic stall caused by the COVID-19 pandemic.

Knight-Swift Transportation, Werner Enterprises and Covenant Transportation have filed 8-K forms with the Securities and Exchange Commission to log the compensation changes.

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