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Stock impact report

Likely 1st AB5 trucking enforcement action in California snags 3 companies [Yahoo! Finance]

Ryder System, Inc. (R) 
Last ryder system, inc. earnings: 4/29 07:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ryder.com
Company Research Source: Yahoo! Finance
Excerpt: AB5 enforcement trucking leads to a $868K penalty for misclassification in California. Explore the implications for the industry. An enforcement action in California against three companies–one a carrier and two that hired it–appears to be the first time the state's independent contractor law AB5 and its successor have resulted in penalties against trucking. The California Labor Commission said in a prepared statement released in late October that it had cited the companies for misclassification of independent contractors and other labor law violations. The trio is carrier Mega Nice Trucking, Ryder Last Mile (NYSE: R) , and Costco Wholesale Corp (NASDAQ: COST). Ryder Last Mile is under the company's Supply Chain Solutions segment. According to the release, Mega Nice was a subcontractor for Ryder Last Mile and Costco. In the statement, Labor Commissioner Lilia García-Brower said the Labor Commissioner's Office (LCO found that Costco and Ryder Last Mile “exercised bo Show less Read more
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