AJF Transportation Consultants, Inc. - Page 5




                                        - 5 -5                                        

          locations, including the Buffalo, New York, and Toledo, Ohio,               
          distribution centers of J.C. Penney.  AJF also performed delivery           
          work for J.C. Penney in other States and delivered fabricated               
          goods for the Buffalo Custom Decorating Division of J.C. Penney.            
               AJF used the trucks of J.C. Penney to perform its contract             
          services from 1988 to October 1990.  Thereafter, AJF supplied               
          both the drivers and the trucks.  J.C. Penney reimbursed AJF for            
          fuel purchased by AJF in performing its delivery services under             
          the Agreement.  AJF employees used cash and corporate credit                
          cards for the purchase of fuel used in the delivery of J.C.                 
          Penney products.                                                            
               AJF's delivery employees, generally a driver and sometimes a           
          helper, maintained a "trip sheet" which was a diary of their                
          deliveries.  The trip sheet formed the basis of AJF's payroll and           
          billing to J.C. Penney.  The drivers would also maintain a                  
          delivery manifest which listed tasks the drivers were to perform            
          for the day.                                                                
               When AJF's employees delivered the furniture, they would               
          sometimes collect a COD (Cash on Delivery) from J.C. Penney's               
          customer.  Under the Contract, AJF was responsible for the                  
          collection of COD's and maintained a COD account which was an               
          account of cash collected from J.C. Penney's customers. The                 
          delivery manifest reflected all the COD's collected and the form            
          in which those COD's were paid, e.g., checks, cash, or money                
          orders.  The trip sheet or manifest contained the name or names             
          of employees on the particular delivery and listed expenses                 

Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011