Amazon faces class action on (lack of) tariff refunds
It hasn’t claimed and consumers can’t
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| Dreamstime.com
Sometimes the cargo that weighs heaviest isn’t even on the truck.
For $15bn-market-cap XPO, one of North America’s most prominent LTL players, October delivered a $35 million reminder that legacy legal baggage can show up decades after the shipment has left the dock.
XPO is preparing to record a $35 million charge* in the third quarter (Q3 trading update due on 30 October), all thanks to a legal tangle dating back to the Reagan era.
(*Full disclosure here, 8-K SEC filing lodged yesterday, ...
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