The ocean carrier alliance announced it will skip several sailings on its Asia-Europe Loop 6 service for a period of 11 weeks in response to changes in market demand.
USCG: Don’t expect delays to SOLAS container weight regulations
United States Coast Guard officials made it clear at a Federal Maritime Commission hearing Thursday in Washington, D.C. the shipping industry will have to comply with International Maritime Organization verified gross mass requirements on July 1.
Shanghai port volumes fall 7% in January
The Chinese port handled 2.94 million TEUs of containerized cargo for the month, according to data from the Shanghai International Port (Group) Co.
FedEx announces $0.25 dividend
The board of directors of FedEx Corp. declared a quarterly dividend payable April 1 to shareholders of common stock.
UPS confirms appeal of FedEx-TNT deal approval in Brazil
FedEx Corp.’s archrival said it is appealing the unconditional regulatory approval of the $4.8 billion acquisition “as part of ensuring a fair and thorough investigation,” according to a report in the Wall Street Journal.
Spot container rates drop 14.2%
The overall reading of the Shanghai Containerized Freight Index has continuously declined since Dec. 31, but many ocean carriers will attempt to implement general rate increases starting in March.
Small Businesses Not Investing in Themselves
Small businesses aren’t investing in themselves enough. According to American Express OPEN, which tracks small businesses, most retailers surveyed are likely to say growth is the top priority for their business (86%). However they are least likely to plan to make capital investments (67%) or hire staff (58%) over the next six months, even though […]
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H&M Partners with Coachella Again
H&M sure loves Coachella! The Swedish fast-fashion chain is teaming up once again with Coachella Valley Music and Arts Festival for a co-branded collection for girls and guys under the claim #HMLovesCoachella.The collection will launch in U.S. stores on March 24th. The California festival begins April 15. H&M states its collaboration captures the overall look […]
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Port Metro Vancouver 2015 throughput declines despite container growth
The Canadian port reported container volumes rose 4.9 percent year-over-year to 3.1 million TEUs in 2015, a record for Port Metro Vancouver, due to increased trade with Asia.
Global airport cargo volumes rise 2.3 percent in 2015
Airports Council International attributed the modest growth during the year largely to subdued growth in emerging markets and developing economies, in addition to a more modest recovery in advanced economies.