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FBI: Amazon Drivers Part of Major Theft Ring

SEATTLE — A theft ring in Washington state sold millions of dollars’ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.

August 1, 2019

Trump Ratchets Up China Trade War With New Tariffs

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.

August 1, 2019

China, US Plan Next Round of Trade Talks for September

U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.

July 31, 2019

C.H. Robinson’s Net Income Up 6.3% in 2Q

C.H. Robinson Worldwide reported net income for the quarter ended June 30 came in at $169.2 million, up 6.3% from $159 million in the second quarter a year ago.

July 31, 2019

Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon

A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.

July 31, 2019

Hub Group Reports Record Earnings Per Share for 2Q

Hub Group announced net income of $29.2 million, or earnings per share of 87 cents, for the second quarter ended June 30, according to an earnings release.

July 30, 2019

Tesla to Pay China $323 Million a Year in Tax for Factory Site

Tesla Inc. agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric vehicle factory on the outskirts of Shanghai.

July 30, 2019

Majority of Trade Aid Went to Biggest Farms, Study Finds

More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.

July 30, 2019

Uber to Cut About 400 Employees, Citing ‘Mediocre Results’

Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.

July 29, 2019

Covenant 2Q Transport Revenue Up, Net Income Down

Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.

July 29, 2019