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.
Tariffs Bite US Economy With Record Trade Gap, Cooler Orders – Jenny Leonard, Sarah Foster & Katia Dmitrieva, AJOT
According to the American Journal of Transportation, the trade gap for U.S. merchandise expanded to a record last month. Increases in imports surpassed exports, with the gap in goods trade rising from $75.5 billion to $76 billion.
Read the full article here: Tariffs Bite US Economy With Record Trade Gap, Cooler Orders – Jenny Leonard, Sarah Foster & Katia Dmitrieva, American Journal of Transportation
According to FleetOwner magazine, over $74 billion in trucking operational costs were added due to traffic congestion. Not only does congestion increase financial costs, but it also leads to lost hours of productivity. Most of the congestion costs are concentrated in metropolitan areas (over 90%).
Read more information here: Traffic Adds $74.5 Billion to Trucking's Annual Price Tag – Neil Abt, FleetOwner
“The U.S. trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure of the gap with China hit a record, showing how the Trump administration’s trade war is dragging on economic growth.
The gap in goods and services trade increased 6.4 percent to $53.2 billion, from a revised $50 billion in the prior month, Commerce Department data showed Friday. Imports rose 0.6 percent and exports fell 0.8 percent. Soybean exports dropped $1 billion, or 28 percent, to $2.58 billion, reversing a run-up earlier this year ahead of retaliatory levies from China.”
Read more details: US Trade Gap Hits Six-month High as Soybean Exports Plunge 28% – Andrew Mayeda, American Journal of Transportation
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