Afternoon Coffee: Taulia Survey Shows Nearly Half of Suppliers Are Paid Late, NTSB Wants to Strengthen Oil Rail Transport Safety

A new survey by SaaS platform provider Taulia shows 47% of suppliers are being paid late, with about a quarter of those companies waiting more than 40 days for payment.

The National Transportation Safety Board is looking to increase its safety requirements for rail cars carrying oil. The safety agency announced this week the trains should be able to better handle high heat and pressure to avoid the tank cars from rupturing and exploding in the event of a crash.

China Cosco Holdings Co. is investing about $1.4 billion to buy least 10 container mega ships that can carry about 19,000 containers each. The move could ramp up the shipping company’s competition in the market.

FedEx is expanding its stake in the European market. The company said it is buying TNT Express, a Dutch packaging delivery firm for $4.8 billion.

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