In the latest decision on worker status, a federal appeals court in California ruled that 2,300 workers at FedEx Corp.’s Ground unit were employees and not contractors to the package delivery company.
The 35-page decision by the 9th U.S. Circuit Court of Appeals, ruled that the Ground workers were misclassified as independent contractors, in violation of California law.
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Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
