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Former Logistics Company CFO Convicted of Securities and Accounting Fraud
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Former Roadrunner CFO guilty in $245M securities, accounting fraud scheme
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US Department Of Justice: Former Chief Financial Officer Of Publicly Traded Company Convicted Of Securities And Accounting Fraud
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How Logistics Firms Are Handling the Pandemic s E-Commerce Boom
Employees sort crates of packages at a DHL facility in Chicago. (Daniel Acker/Bloomberg News)
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The COVID-19 pandemic has squeezed many years of growth in online sales and e-commerce fulfillment into a single 12-month period.
Confronted with business closures, restrictions on large gatherings, physical distancing guidelines and the fear of catching the novel coronavirus, consumers turned their computers and phones into shopping malls, spending $861 billion online with U.S. merchants in 2020, a 44% increase over the prior year, according to estimates by Digital Commerce 360.
Rail Roundup: FreightCar America names new CFO; US rail volumes flat
New CFO for FreightCar America, new location for A&R Logistics and Lunar New Year’s effect on rail volumes 364 4 minutes read
FreightCar America names new CFO
Railcar manufacturer FreightCar America (NASDAQ: RAIL) has named Terence R. “Terry” Rogers CFO, effective last Monday. Rogers has been serving as interim CFO since January.
As CFO, Rogers will lead FreightCar America’s finance activities, including its business planning, budgeting, forecasting, treasury and information technology, the company said.
President and Chief Executive Officer Jim Meyer commented in a release, “We are thrilled to have a person of Terry’s caliber join the permanent team. He is an extremely experienced financial leader and brings invaluable experience as we complete the remaining steps of our strategic repositions and look to pivot to long-term growth.”