Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
Item of the Day: Sabrina Zeng
There’s something delightfully askew about this clutch from Sabrina Zeng. Maybe it’s the angular construction, the combo of two contrasting types of pleats, the smoother flip side, or just the bold pop of hot pink color. Inspired by her volunteer trip to Bali (the bag evokes the country’s fragrant flowers), Zeng’s orchid pink clutch is […]
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WindowsWear Awards Stylish Shop Windows
Fashion retailers know that having stylish window displays are just as important as carrying good merchandise. Customers must be enticed by what they see outside the stores before they even come inside, and a captivating window display can certainly help increase brand awareness if not increase store foot traffic. WindowsWear, a company that analyzes over […]
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Nordstrom Earnings Fall Short of Expectations
Nordstrom released its latest quarterly earnings and analysts were not pleased. The company reported $1.17 in earnings per share on $4.19 billion in revenue. Meanwhile, consensus estimates from Thomson Reuters called for $1.22 earnings per share on revenue of $4.22 billion. The same period from the previous year had $1.32 in EPS on $4.04 billion in […]
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Bebe Shows -2.5% Comp Store Sales in Q2
bebe stores, inc., based in Brisbane, California, announced unaudited financial results for the second quarter ended January 2, 2016: Second quarter comparable store sales decreased 2.5% to an increase of 8.0% in the same period of the prior year. Traffic and conversion declined while average unit retail was flat. Net sales decreased 5.0% to $122.4 […]
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Radiant Logistics posts Q2 loss despite nearly doubling revenues
The Bellevue, Wash.-based third-party logistics provider reported a $2.5 million loss in its second fiscal quarter, ended Dec. 31, 2015, despite revenues soaring 95.3 percent year-over-year to $207.0 million.
Three UK ports to offer container weighing service
Terminals at the ports of Felixstowe, Southampton and London Gateway in the United Kingdom will offer the service in advance of the SOLAS verified gross mass requirement due to be implemented July 1, 2016.
U.S. Class I railway employment drops 9% in January
Major freight railroads in the United States employed 156,602 workers as of the middle of January, down from 160,795 the previous month and 171,476 in January, 2015, according to data from the Surface Transportation Board.
CMA CGM says APL purchase will make it largest carrier in U.S. trades
With 30 percent volume growth in cargoes to and from the United States during 2015 and its acquisition of the container operations of APL, the French ocean carrier expects to jump ahead of industry leaders MSC and Maersk Line in the U.S. trade lanes.
Governmental Notices Feb 13-19, 2016
Attached is our update of governmental notices that may be of interest to the membership and trade; among the items in this issue are links to APHIS’ New Import Manual; CPSC’s Comment […]