The Commerce Department reported on Friday that U.S. exports of goods and services for December slipped 4.8 percent from the previous month to $2.23 trillion.
Rand Logistics relocates corporate headquarters
The bulk freight shipping services provider is moving its head office from New York City to New Jersey.
FMC reviews 29 OTI license applications
The U.S. Federal Maritime Commission has received 29 ocean transportation intermediary license applications and changes for review.
GRI Roundup: Maersk Line, CMA CGM, Hapag-Lloyd, “K” Line and NYK
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, “K” Line and NYK issued general rate increases.
XPO sues YRC for alleged theft of trade secrets
XPO Logistics says YRC Freight, a top rival in the less-than-truckload space, improperly lured two key executives who brought with them confidential information and other key employees that would help blunt XPO’s market strategy.
Report: Jonas Chilled January Comp Store Sales
New York—Thanks to the blizzard named Jonas, lower foot traffic and the fact it’s really a transitional time of the retail year, January comparable store sales missed estimates “by a wide margin.” According to Ken Perkins, president of Retail Metrics, comp store sales were down 0.9% from a year ago, Analysts had expected an 0.3% […]
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HanesBrands’ Q4 Sales, Profits Hit Records, Still Misses Estimates
Winston-Salem, NC–HanesBrands reported Thursday afternoon a third consecutive year of record net sales and profits, but missed sales expectations and issued a weak forecast.For the three months ended Jan. 2, the innerwear and hosiery maker posted a profit of $174.68 million, or 44 cents a share, ahead of the 148.72 million, or 36 cents a […]
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Vince Camuto Hopes to Score with Super Bowl 50 Commercial
New York–Whatever the outcome of Sunday’s Super Bowl 50 game, the Vince Camuto brand is hoping to score a marketing touchdown. The Camuto Group recently announced that the Vince Camuto brand will debut its first Super Bowl commercial, which is scheduled to air during the pre-game coverage on CBS. The commercial, a 30-second video of […]
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Retailers Settle with HSUS over Fur Label Violations
Washington–Saks Fifth Avenue and Lord & Taylor recently settled a civil contempt suit brought by The Humane Society of the US (HSUS), claiming that the retailers had more than 40 fur advertising and labeling violations between December 2013 and November 2014. According to HSUS research, the retailers were in violation of the Fur Products Labeling Act […]
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TNT Express to sell airline to ASL
TNT Express on Friday said it has entered an agreement to sell its airline operations, TNT Airways and Pan Air Líneas Aéreas, to ASL Aviation Group.