The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according to data from BlueWater Reporting.
APMT finalizes acquisition of Grup Maritim TCB
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and the Canary Islands.
DOT proposes sleep apnea tests for truckers, railroad workers
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.
U.S. meat exports increase in volumes, decline in value
The United States exported more volumes of beef, pork, and lamb in January compared to last year, but in terms of value, each segment experienced declines.
IATA: Airfreight volumes inch up 2.7% in January
Global airfreight volumes grew 2.7 percent year-over-year in January, but the freight load factor averaged 41.3 percent, a 1.8 percent decline from January 2015.
Kirby buys inland barge fleet from SEACOR Holdings
The largest domestic tank barge operator in United States has expanded its fleet with the acquisition of 27 inland tank barges and 13 inland towboats, plus one tank barge and one towboat currently under construction.
Item of the Day: HYM Handbags
We love suede handbags and suede/leather combos. But as the market is inundated with so many trending earthy browns, it’s super refreshing to see HYM’s fresh and unexpected suede/leather color palette. Launched in 2014, HYM is designed in Canada and made in New York City using supple Italian leather and velvety soft baby calf hair. […]
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Express Reports Strong Q4 Sales & Profit Growth
Columbus, Ohio–Specialty retailer Express, Inc. announced its financial results for the fourth quarter of 2015, ended January 30th, 2016. In summary: Net sales increase 5% to $765.6 million Comparable sales increase 4% Merchandise margin increases 180 basis points; gross margin increases 230 basis points Operating income increases 21%; operating margin reaches 12.1% Diluted earnings per […]
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Expert: 2016 Digital Marketing Trends for Local Businesses
As part of Accessories’ ongoing Industry Experts column, Eric Shanfelt, Founder and CEO of Local Marketing Institute, discusses 2016’s most important digital marketing trends as they pertain to local businesses. Shanfelt has over 20 years of experience in digital marketing with multiple B2B and consumer media companies. He also has a passion for local businesses […]
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TIA: 3PL revenues fall despite increased volumes in Q4 2015
Total shipments for third-party logistics providers grew 8.5 percent in the fourth quarter, but total revenues fell 4.7 percent compared to the same 2014 period, according to a recent benchmarking report from the Transportation Intermediaries Association.