On Jan. 1, California's Assembly Bill 5 (AB5) will take effect, sending contractor-dependent industries into varying states of limbo. The law ushers in a new test for what constitutes an independent contractor. To boil it down, any worker completing tasks core to the hiring company's business will be deemed an employee. The new standard (called the ABC test) is intended to keep businesses from avoiding providing overtime pay and benefits to contract workers who work near full-time hours ...
SUPPLY CHAIN DIVE
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PPG has named Jaime Irick as vice president, architectural coatings for the U.S. and Canada. Mr. Irick will succeed Dave Cole who will retire effective July 31, the company said. PPG’s architectural coatings include consumer paint brands such as Glidden, Olympic and PPG Paints. Mr. Irick was formerly president of the Life Fitness Division of Brunswick Corp., which makes commercial fitness equipment, and previously worked at General Electric Co. in several executive roles. Mr. Cole has spen...
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Uber Freight more than doubled load volume in the third quarter year-over-year, executives said on the company's Monday earnings call. Freight bookings, defined as what shippers pay before discounts and refunds, grew 81% year-over-year in Q3 to reach $223 million. Revenue grew slightly slower, up 78% for the quarter to $218 million. But losses are growing too — earnings before interest, taxes, depreciation and amortization (EBITDA) was down 161% in Q3 to -$81 million. The firm has sepa...
SUPPLY CHAIN DIVE
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Eighty-five percent of logistics leaders expect that their outsourcing budget will increase by more than 5 percent in 2020, according to Gartner, Inc. Already for 2019, 85 percent reported a similar budget increase. “Outsourcing one or more logistics service types has become largely mainstream,” said Courtney Rogerson, senior principal analyst with the Gartner Supply Chain Practice. The question no longer is whether to outsource, but what and how much to outsource. Evaluating differe...
EPS NEWS
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UPS has won government approval to operate a nationwide fleet of drones, which will let the company expand deliveries on hospital campuses and move it one step closer to making deliveries to consumers. Many regulatory obstacles remain, however, before UPS — or other operators who are testing drones — can fill the sky over cities and suburbs with drones carrying goods to people's doorsteps. United Parcel Service Inc. said Tuesday that its drone subsidiary was awarded an airline ce...
CBC
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Walmart Canada, in partnership with DLT Labs, launched a blockchain-based freight and payment network in late 2019. The companies claim this to be the world’s largest full production blockchain solution for any industrial application. The system uses distributed ledger technology (DLT) for tracking deliveries, verifying transactions, and automating payments and reconciliation among Walmart Canada and its carriers. According to a press release, Walmart Canada moves more than 853 million cas...
TOKENPOST
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