While Brussels Airport remains closed to passenger travel in the aftermath of Tuesday’s deadly terrorist attack, cargo-only flights are now permitted to operate on a limited basis at the Belgian airport.
ZIM posts $7m profit in 2015
The Israeli ocean carrier reported a $28 million loss in the fourth quarter, much larger than the $7 million loss in the fourth quarter of 2014 despite year-over-year volume growth during the same period.
BSI: Supply chain threats cost shippers over $55b in 2015
Supply chains throughout the world were hindered by $22.6 billion in losses from cargo theft and $33 billion in losses from the top five natural disasters during the year, according to a new report from the British Standards Institute.
Dematic acquires Australian AGV manufacturer
The Atlanta, Ga.-based supply chain technology firm purchased NDC Automation, an automated guided vehicle and software provider in Australia and New Zealand, for an undisclosed sum.
Rutgers Launches Fashion-Focused Business Degree
Success in fashion requires both a mastery of aesthetics and mastery of commerce. Ironically, many aspiring designers don’t know that fashion is also a business, while many entrepreneurs are stuck in a rut when it comes to fashion’s creative side. That’s what motivated the Rutgers Business School-Newark and New Brunswick to create its new Master […]
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IATA files formal EC complaint against parts suppliers
The International Air Transport Association has become a formal complainant in a European Commission investigation into alleged anti-competitive behavior on the part of aviation equipment manufacturers, but is not asking for damages in the case.
Panama Canal expansion to officially open June 26
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.
RealReal Expands Jewelry, Watches
Following launches in New York and Los Angeles, luxury consignment company The RealReal has opened a third office for fine jewelry and watches on Chicago’s “Magnificent Mile” shopping district. All three valuation offices allow customers to bring in their jewelry and watches for a by-appointment appraisal from certified gemologists and watch experts; after the assessment […]
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IAG Cargo unveils new South Africa service
The airfreight carrier is scheduled to launch a new Cape Town, South Africa service in November, which will operate three times a week from London Gatwick with a B777-200.
Lumber Liquidators settles with CARB over flooring imports
Hardwood flooring retailer Lumber Liquidators has reached an agreement with the California Air Resources Board to resolve a previously disclosed inquiry regarding certain laminate flooring products sourced from China.