The railcar leasing company’s revenues and earnings were both down slightly year-over-year in the fourth quarter, but its full year results were almost identical to the previous year.
Judge Approved American Apparel’s Bankruptcy Plan; Charney Out for Good
Wilmington, DE—A federal bankruptcy judged today made it official: Dov Charney won’t be returning to American Apparel anytime soon. Judge Brendan Shannon approved approved a reorganization that hands control of the retailer to senior lenders, rejecting Charney’s alternative proposal and eliminating what may have been his last shot at retaking control of the clothing chain […]
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Henry London Watches Invade from Great Britain
London—The British are coming (again). This time they’re hoping the ride the crest of vintage-inspired, simple, straightforward timepiece designs. Founded last year by “two young, successful fashion designers exploring London’s many vintage districts searching for inspiration,” Henry London quickly found a niche that appealed to young watch wearers. ‘Bygone Era’ Inspired by “an old, beautifully […]
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Designer Jewelry Advocate Cindy Edelstein Dies
Pelham, NY—Cindy Edelstein, longtime consultant, entrepreneur and promoter of designer fashion and fine jewelry, died suddenly on Sunday, Jan. 24. Cause of death of Ms. Edelstein, 51, was heart failure. She began her career as fashion editor for JCK magazine and soon afterward realized her life’s work would be promoting and enhancing the designer segment […]
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Port of Savannah sets container record in 2015
Container volumes grew more than 11 percent in Savannah last year and the port authority is investing in further expansion to accommodate even more growth in the near future.
Drewry: Asia-East Coast North America container trade to cool
Volume growth in 2016 is unlikely to match the 15 percent growth rate seen last year despite the opening of new, expanded Panama Canal locks, according to the London-based consultant.
Eastern U.S. digs out from monstrous winter storm
Snow and ice from Winter Storm Jonas have paralyzed a giant swath of the United States since Friday, making it difficult for travelers and cargo carriers to get to their destinations.
Government awards $1.96b to maintain sealift ships
The Department of Transportation has awarded the funds to seven separate firms for the purpose of maintaining 48 ships in MarAd’s National Defense Reserve Fleet over the next eight years.
Rico acquires majority shareholding in UK logistics company
On Jan. 18, United Kingdom-based courier services company Rico acquired a majority shareholding in Circle Express, which provides a collection and delivery service that is specifically targeted at the UK airfreight forwarding industry.
GRI Roundup: Hapag-Lloyd
The German ocean carrier issued a general rate increase from Northeast Asia to Australia, scheduled to take effect March 1.