The American Apparel & Footwear Association has called on the Federal Trade Commission to clarify apparent ambiguity in the commission’s rules on the labeling of goods sold in the United States and to provide a clearer definition of “materials.”
Milaha earnings sink 34% in 2017
Qatar Navigation (Milaha) recorded a net profit of 469.8 million Qatari riyals (U.S. $129.1 million) for the year, as operating revenues slipped 2.4 percent to QAR 2.49 billion, according to the company’s most recent financial statements.
XPO Logistics slammed with port trucker lawsuit
The class-action lawsuit filed in California on Monday alleged that the port drayage arm of XPO Logistics is misclassifying truck drivers as independent contractors.
Eimskip’s net earnings tumble in 2017 amid higher revenues
Although adverse currency exchange fluctuations caused Eimskip’s net earnings to tumble between 2016 and 2017, revenues surged, thanks to new acquisitions, volumes growth and increased international freight rates.
C.H. Robinson names new COO
The Eden Prairie, Minn.-based third-party logistics provider has appointed Robert Biesterfeld to serve as chief operating officer, effective March 1.
UPS sues EU over scuttled TNT deal
Atlanta-based integrator United Parcel Service Inc. (UPS) is seeking 1.7 billion euros (U.S. $2.1 billion) in damages after regulators in the EU vetoed its acquisition of European parcel carrier TNT Express, according to multiple media reports.
Trump taps former USTR attorney for ITC nomination
President Donald Trump intends to nominate Amy Karpel to serve as a commissioner on the International Trade Commission.
Intermodal rates hit new high in January
Intermodal pricing rose another 5 percent for the month compared with the same 2017 period, the sixteenth consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
Truckload rate growth accelerates in January
Domestic truckload pricing jumped 6.5 percent for the month compared to January 2017 following year-over-year increases of 6.3 percent and 6.2 percent, respectively, in December and November, according the latest Cass Truckload Linehaul Index.
Global trade grows 4.5% in 2017
International trade volumes ticked up 0.3 percent in December compared with the previous month, according to the latest World Trade Monitor report from the CPB Netherlands Bureau of Economic Policy Analysis.