Afternoon Coffee: Hasbro Hurt by Toys R Us Demise, Aston Martin Wary of Brexit Logistics

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Toymaker Hasbro on Monday posted a 12% drop in third quarter sales, and the maker of Monopoly cited the lost connection to the shuttered retailer Toys R Us as a reason, The Wall Street Journal Reports. Hasbro has been partnering with other retailers to carry more of its toys, but replacing the one-stop volume of Toys R Us has a cost. “We’re working with a greater variety of retailers that have differentiated shipping requirements,” Hasbro Chief Executive Brian Goldner said Monday on an earnings call, the Journal reports.

A Backup Plan for Brexit Logistics

With changes to U.K.-European customs once Brexit happens, Aston Martin is considering the costly move of flying some auto components into the U.K. instead of going through the shipping port of Dover, Reuters reports. The company fears red tape at the port may create delays, Reuters reports.

Rail Cargo Hauling Climbs

For September, rail traffic showed year-over-year growth and had a record week last month, according to data from the Association of American Railroads, Supply Chain Dive reports.

Lottery is Long Shot, but Taxes Sure Thing

And finally, some lottery news: When you win the Mega Millions or Powerball giant lotteries, you’ll have to pay 1% less to the IRS, CNBC reports. The federal tax withholding rate dropped to 24% this year. So with the Mega Millions jackpot at $1.6 billion and Powerball’s top prize at $620 million, you’d pay $217 million or $85 million, CNBC reports in a story that looks at the whole tax picture and the long-shot chance of winning this problem.

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