The Greenbrier Cos. shuffles CFO position, while CargoTec’s CFO leaves the company in July.
Cargo flights suspended as airline workers in Brazil, Argentina go on strike
Aviation workers in Brazil and Argentina have walked off the job today at LATAM Airlines Group, arguing for improved work conditions.
Michael Kors Q3 Better Than Expected as Online Sales Grow
London—Despite warnings that it could be in the throes of a “death spiral,” Michael Kors Holding Ltd. Today reported better-than-expected third quarter earnings and sales that beat estimates. For the three months ended Dec. 26, 2015, Michael Kors posted a profit of $294.2 million, or $1.59 a share, down from $303.7 million, or $1.48, a […]
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Retailers’ Mobile Capabilities Way Lags Customer Demands, Research Finds
New York—Consumers this year are shopping more on their smartphones and mobile devices, but retailers are falling behind in granting their shopping wishes. In new research from Accenture Adaptive Retail, which surveyed more than 10,000 consumers across 13 countries; research retailers need to become more adaptive in order to embrace and achieve the connected and […]
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FMC to develop ‘supply chain innovation teams’
Commissioner Rebecca Dye will the lead Federal Maritime Commission effort to develop commercial solutions to supply chain challenges and related port congestion concerns.
Jacksonville, Fla. looks to become LNG hub
WesPac Midstream LLC and Pivotal LLC have established a joint venture to construct the first liquefied natural gas dedicated marine terminal in the world.
Hanjin back in the black for 2015
Hanjin Shipping, Korea’s largest container carrier, reported a net profit of $6 million in 2015 compared with a loss of $396 million in 2014 despite lower revenues.
Driver misclassification suits spread to other industries
Ride-hailing company Lyft settled a lawsuit with its California drivers for over $12 million, while Flower Foods, the bakery responsible for such brands as Wonder Bread, Nature’s Own and Tastykake, is facing 18 lawsuits in multiple states.
UPS ups net income, revenues in 2015
The Atlanta, Ga.-based parcel giant posted a net income of $4.8 billion on revenues of $58.4 billion for 2015, a year-over-year increase of 59.8 percent and 0.2 percent, respectively.
City of Richmond leases port to state for 40 years
The Virginia Port Authority has extended its operating control of the Port of Richmond until 2056.