A senior advisor for the World Shipping Council told the TPM 2016 conference in Long Beach, Calif. the group is troubled by the United States Coast Guard’s interpretation of the new SOLAS container weight regulations.
Deutsche Bahn rebrands freight rail unit
The new DB Cargo name is designed to distinguish between the company’s rail operations and its Schenker logistics business.
Analysts Chime in: JCPenney Back from the Dead?
Plano, TX—At a time when a wide array of department store companies, including Macy’s Inc., Sears Holdings, Kohl’s etc., are having their share of troubles both on Wall Street and main streets, JCPenney has proved resilient. Some analysts even go so far as to call the once-struggling JCPenney “is in a rebound.” This follows last […]
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Kate Spade & Co. Boasts Q4 Results, Tempered Outlook
New York—Kate Spade & Co today reported better-than-expected fourth quarter sales thanks to improvements in its comp store sales and expanded margins. Nonetheless, the company tempered its forecast. For the three months ended Jan. 12, the handbag and accessories company earned earned 32 cents a share (excluding items) in-line with analysts estimate. Net sales rose […]
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WTO Trade Facilitation Agreement Hits 70 Signatories
On March 1, Paraguay became the 70th World Trade Organization (WTO) member country to ratify the WTO Trade Facilitation Agreement (TFA). The agreement, once implemented, will reduce trade barriers and eliminate border transaction costs for U.S. footwea…
Customs Extends ACE Deadline Again
On February 8, U.S. Customs and Border Protection (CBP) announced that it has again extended the deadline for the mandatory use of the ACE (Automated Commercial Environment) system. Instead of the current February 28, 2016 deadline, CBP has now created…
Product Safety – Vermont Announces Guidance for Chemical Reporting Regulation
On February 16, the Vermont Department of Health released its draft Chemical Disclosure Program Guidance for manufacturers. Manufacturers are required to report to the Vermont Department of Health when their children’s products contain one or more chemicals of high concern to children. The Department will accept public feedback on the…
Trade – Member Countries Sign TPP Agreement; Start Clock for Possible Congressional Consideration
On February 3, the U.S. and the 11 other parties signed the Trans-Pacific Partnership (TPP) Free Trade Agreement at a ceremony in Auckland, New Zealand. According to the requirements under Trade Promotion Authority (TPA), the signing sets deadlines for…
FASA/Gemini Testifies in Support of Adding Fashion Accessories to GSP
On February 24, FASA/Gemini testified before the U.S. International Trade Commission (ITC) urging the U.S. government to accept all petitions to add fashion accessories to the Generalized System of Preferences (GSP) program. Shortly after the testimony…
Appel: DHL forwarding unit not for sale
After costly “mistakes” in the roll out of a unified IT platform, the freight forwarding division of Deutsche Post DHL Group has a clearer path forward, CEO Frank Appel told the TPM 2016 conference in Long Beach, Calif.