CFI Driver Pay Increase Coincides with HOS Change.Business Editors JOPLIN, Mo.--(BUSINESS WIRE)--Jan. 13, 2004 CFI CFI abbr. cost, freight, and insurance , an international truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. based in Joplin, Missouri Joplin is a city located in parts of southern Jasper County and northern Newton County in the southwestern corner of Missouri. Joplin is the largest city in Jasper County, though it is not the county seat. , is proud to announce an increase of more than six cents per mile in top driver pay. CFI solo drivers will be able to earn up to .45 cents per mile. Company teams will be able to earn up to .53 cents per mile. CFI Owner Operators will be able to earn up to .98 cents per mile. (Includes current fuel stabilization program.) Elements of the increases include: -- Three cents per mile across the board increase for all CFI drivers with one-year experience and owner operators. -- Up to four cents per mile can be earned through the new safety bonus program. -- The new pay plan also incorporates increases in additional driver pay items including stop offs, hourly, loading and unloading and a special Canadian border crossing payment. "CFI continues to look after the financial interests of our drivers. The pay increase will insure that our drivers are monetarily protected from the impact of the new hours of service regulations that became effective on January 4. Our comprehensive and complete pay plan will assure we recruit and retain the best professional drivers in the trucking industry," states Glenn F. Brown, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . CFI, founded in 1951, operates 2,500 tractors and over 6,500 trailers and transports a variety of goods throughout the contiguous United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. CFI interlines with Mexican carriers at various border crossings to provide through-trailer service to Mexico. In addition to its Joplin headquarters, CFI operates five terminals. CFI and its subsidiaries(a) have 37 sales offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and employ more than 2,700 people. The driver fleet is comprised of both company drivers and independent contractors A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. . CFI's website is located on the Internet at www.cfidrive.com. For more information please contact 1-800-CFIDRIVE. (a) CFI Mex, CFI de Mexico and CFI Logistica |
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