The United States Coast Guard Marine Board of Investigation yesterday held the first day of hearings into the sinking of the TOTE Maritime Puerto Rico general cargo ship.
6-in-10 Consumers Ready to Leave Retailers Unable to Fulfill Digital Needs
Cloud-based unified omnichannel commerce platform Kibo released its 2016 Consumer Trends Report today, revealing that digital services are now expected as standard by consumers. The takeaway? Retailers need to adapt, or risk losing their business all together. In fact, more than half of U.S. (54%) and U.K. (56%) shoppers are willing to jump ship to […]
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Fossil Shares Jump After Q4 Beats Estimates
Fossil shares jumped as much as 14% in after-hours trading yesterday after the company reported solid fourth-quarter earnings that surpassed analyst expectations. The strong American dollar hurt international earnings as well, with Fossil noting the strong dollar took out $1.12 from EPS and $56 million from net sales. Fossil’s operating margin fell to 9.0% during the […]
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Executive Moves: WB Skinner Customs Brokerage and American Trucking Associations
WB Skinner Customs Brokerage names logistics director, while the American Trucking Associations appoints new VP of legislative affairs.
Federal advisory committee makes recommendations for improving port productivity
Meanwhile, a Department of Transportation agency is expected to soon establish a working group to develop a port performance statistics program.
DHS solicits applications for port security grants
The next round of federal port security grants from the United States Department of Homeland Security is now open to eligible parties, such as port authorities, marine terminal operators, and state and local government agencies.
U.S., Cuba trade talks resume this week
The U.S. government has given permission to a small company to build a factory in Cuba, marking the first U.S. investment there since Fidel Castro nationalized American private property in 1959.
TNT Express experiences surge in revenues, operating income
The Netherlands-based parcel carrier posted an operating income of 57 million euros on revenues of 1.9 billion euros for the fourth quarter of 2015.
UPS upgrades supply chain information tool
Shipping and logistics services provider UPS upgraded its Flex Global View, a supply chain tool for freight forwarding customers.
Port of Milwaukee posts decline in tonnage
Coal tonnage at the Great Lakes port fell more than 80 percent in 2015, compared to the prior year, which resulted from the Valley Power plant’s switch from coal to natural gas.