Army Gives Out $500,000 Armored Trucks for Free

Feb. 26 (Bloomberg) -- The U.S. Army is giving away 13,000 armored trucks, worth about $500,000 each. The 20-ton MRAPs, or Mine-Resistant Ambush-Protected trucks, were built specifically to save U.S. soldiers from roadside bombs in the Iraq and Afghanistan wars. Now the trucks are patrolling U.S. city streets. U.S. law enforcement agencies have received the lion’s share of this high-powered military surplus. (Source: Bloomberg)

UPS Expands China Ties in S.F. Holding Joint Venture
10:13 - David Abney, chief executive officer at United Parcel Service Inc., discusses the company’s new joint venture with China's S.F. Holding Co. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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