The Jacksonville, Fla.-based Class I freight railway currently has a market capitalization of about $25 billion.
CEVA starts Shanghai-Budapest LCL service
CEVA Logistics has started a weekly less-than-containerload service from Shanghai to Budapest, Hungary.
FMC reviews 50 OTI license applications
The U.S. Federal Maritime Commission has received 50 ocean transportation intermediary license applications and changes for review.
Talking Handbags with Handbag Designer 101’s Emily Blumenthal
As Handbag Designer 101 gears up for its 10th Annual Independent Handbag Designer Awards (winners are announced June 15th), we caught up with Handbag Designer 101 founder Emily Blumenthal to talk handbags, the awards, and her growing e-commerce site handbagdesigner101.com. What has changed since you launched your first Independent Handbag Designer Awards to today? We […]
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AAFA Announces 2016 American Image Honorees
The American Apparel & Footwear Association (AAFA) has announced Joseph Abboud, BBC International LLC; Shinola Detroit; Christian Siriano; and Iris Apfel as its 2016 American Image Awards honorees. The awards will be presented May 24 at the 38th Annual American Image Awards in New York City. Hal Rubenstein, founding editor of InStyle magazine, will emcee […]
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Stein Mart Plans 5 New Stores
Stein Mart, based in Jacksonville, Florida, announces the locations of its five new stores opening this Spring, the first phase of its 2016 store plan to open at least 12 new stores this year. This news follows the company’s recent release of total sales growth of 3.2% for 2015. “We are very pleased with the […]
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TJX Beats Estimates; Records 20th Year of Consecutive Comp Growth
TJX Cos. announced Q4 earnings that beat estimates, according to MarketWatch. According to CEO and president Ernie Hermann, 2015 marks the company’s 20th consecutive year of comp sales increases and earnings per share. The off-price retailer had net income of $666.5 million, or 99 cents per share, on $8.96 billion of revenue (FactSet consensus was 94 […]
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Target Reports Q4 Growth; Digital Sales Up 34%
Target has released its Q4 earnings as well as earnings for all of 2015. In summary: Fourth quarter comparable sales increased 1.9%, driven by traffic growth of 1.3%. Digital channel sales increased 34%, contributing 1.3 percentage points to comparable sales growth. Fourth quarter comparable sales in signature categories (Style, Baby, Kids and Wellness) grew more […]
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Canadian Pacific announces $0.25 dividend
The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.35 Canadian payable April 25 to shareholders of common stock.
ATA: Truck tonnage index slips 1.4% in January
The seasonally adjusted For-Hire Truck Tonnage Index for January 2016 equaled 132.8, down from 134.7 in December but flat compared with January 2015, according to the American Trucking Associations.