Industry veterans join Kenco Logistics board
Kenco Logistics, the biggest privately owned logistics, real estate and materials handling company of its kind in the country, is adding two industry experts to its board as the Chattanooga-based company continues to grow.
James Mattie, who led the formation and growth of PricewaterhouseCoopers's Private Company and Family Business Practices, and Thomas M. Perry III, formerly president of Genco's reverse unit and the company's chief technology officer, "bring a mix of financial, strategic, and operations experience" to Kenco's board, company CEO Denis Reilly said.
"Kenco is primed for growth with the addition of James Mattie and Thomas Perry III and their experience in long-term strategic planning and business management will greatly support our overarching growth plans in this industry," Reilly said.
Truck driver pay rises with demand
The median annual pay for a truckload driver working a national, irregular route rose by 15 percent, or $7,000, in the past five years to more than $53,000, the American Trucking Association said Tuesday.
The new Driver Compensation Study, which includes data from more than 100,000 drivers, "shows that fleets are reacting to an increasingly tight market for drivers by boosting pay, improving benefit packages and offering other enticements to recruit and retain safe and experienced drivers," American Trucking Association Chief Economist Bob Costello said. "I expect that trend to continue as demand for trucking services increases as our economy grows."
In addition to rising pay, Costello said fleets were offering generous signing bonuses and benefit packages to attract and keep drivers.
"Our survey told us that carriers are offering thousands of dollars in bonuses to attract new drivers," Costello said. "And once drivers are in the door, fleets are offering benefits like paid leave, health insurance and 401(k)s to keep them.
"This data demonstrates that fleets are reacting to concerns about the driver shortage by raising pay and working to make the job more attractive," he said.
Court says Google infringed on Oracle
A federal appeals court has overturned a decision in a long-running legal battle over whether Google infringed on Oracle's Java programming language to build its hugely popular mobile operating system, Android.
The court said Google's use of Java was "not fair" and sent the case back to trial to determine damages.
Oracle had originally sought $9 billion. The court said Android helped Google earn $42 billion in advertising revenue since the first Android phone went on sale in 2008.
Oracle hailed Tuesday's ruling, saying the opinion by the U.S. Court of Appeals for the Federal District "upholds fundamental principles of copyright law."
A Google spokesman said the ruling was disappointing and that it "will make apps and online services more expensive for users." The company said it is considering its options.
The court weighed whether Google's copying of 11,500 lines of Java code at the core of its Android operating system amounted to fair use and found it did not.
Facebook charged with promoting discrimination
Fair housing advocates sued Facebook Tuesday, saying it lets landlords and real estate brokers target advertising to discriminate against families with children, women and those with disabilities.
The lawsuit in Manhattan federal court alleges investigations by fair housing supporters in New York, Washington, D.C., Miami and San Antonio prove Facebook continues to let advertisers discriminate, even though civil rights and housing groups have notified the company since 2016 that it is violating the federal Fair Housing Act. It seeks unspecified damages and a court order to end discrimination.
Facebook said in a statement that the lawsuit is without merit and the company will defend itself vigorously.
The lawsuit was filed by the National Fair Housing Alliance and other organizations which claim Facebook abused its power as it became what amounts to the biggest advertising agency in the world. The lawsuit said Facebook, with a customer base of over 2 billion people, collects a "treasure trove of information" to enable advertisers to target customers they believe are right for their businesses.
Then it lets advertisers scroll through hundreds of demographics, behaviors and interests to decide which characteristics they want to include or exclude, the lawsuit said.
Apple iPad model priced at $299 each
Apple on Tuesday announced an iPad model priced as low as $299 aimed at students from elementary school to college. The new 9.7-inch iPads will be compatible with Apple Pencil stylus, include Apple's second-latest processor chip and support for over 200,000 education apps, the company said Tuesday.
The iPad will be available starting Tuesday at $299 for schools and $329 for consumers. Students also will get a $10 discount for the Apple Pencil, which costs $89. The price will be the lowest for any iPad in the market.
The new iPad is a pushback to the growing presence of Google Chromebooks in classrooms across the country. Chromebooks, which can cost as little as $149 and support Google's software services such as Google Docs and Drive, made up more than half of all computer shipments to K-12 classrooms in the United States in 2017, according to the data firm Futurebooks Consulting.
Apple's vice president of product marketing, Greg Joswiak, said the new iPad with its A10 Fusion chip was "more powerful than most PC laptops and virtually every Chromebook."