The start of the trade war in 2018 will lead to casualties in the global economy come 2019. If the United States and China don't come to an agreement by the deadline on March 1st, tensions will continue to be high and world trade will be affected.
Read more details here: World economy is set to feel the delayed trade war pain in 2019, – Enda Curran and Katie Dmitrieva, American Journal of Transportation A lawsuit has been filed against carrier YRC Worldwide by the U.S. government. The U.S. Department of Justice notes that "[YRC Freight Inc., Roadway Express Inc., and Yellow Transportation Inc.] systematically overcharged the government for freight carrier services and made false statements to the government that hid their misconduct" for shipments dating from September 2005 to October 2013 (U.S. Department of Justice, Office of Public Affairs, 2018).
YRC Worldwide is accused of overcharging the U.S. Department of Defense for heavier shipments versus the lighter accurate weights of the shipments. YRC is also alleged to have covered up their overcharging practices and failing to return money owed as credits. Roadway Express Inc. and Yellow Transportation Inc. merged in 2009 to create YRC Inc., now known as YRC Freight Inc. Read the full U.S. Department of Justice release here. |
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