New “60-day” notices have been issued alleging that brands and retailers sold wallets, handbags and clutches (Notice 1, Notice 2), clothing (Notice 1), and other items in California that contained lead in violation of a California law known as Proposition 65 (Prop 65). The notices serve as intent to bring lawsuits…
OOCL revenues drop despite increased volumes in Q4 2015
The Hong Kong-based ocean carrier Orient Overseas Container Line said its overall revenue per TEU in the fourth quarter of 2015 fell 17.3 percent compare to the same quarter a year ago.
CP to cut 1,000 jobs, change strategy in NS bid
Canadian Pacific Railway Ltd. CEO E. Hunter Harrison said yesterday the workforce reduction will come from all areas of the company as slumping cargo volumes caused a 29 percent decline in fourth quarter profits.
Trade – U.S. Government Hearings on GSP & Fashion Accessories
The U.S. International Trade Commission (USITC) scheduled hearings for February 24 to study the economic impact of adding fashion accessories (HTS Heading 4202) to the Generalized System of Preferences (GSP) program. The USITC hearings follow last week’s announcement that the U.S. Trade Representative (USTR) has also scheduled hearings for March 3-4 to review the…
Commentary: Visualizing Big Data
As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.
Spot container rates decline for third straight week
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.
Container cargo grows 10% at Port of Charleston
The South Carolina Ports Authority is also investing in 120 more reefer racks at its Wando Welch Terminal.
J.B. Hunt beats Q4 2015 earnings expectations
The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.
Northwest Seaport Alliance posts 4% bump in container volumes
The alliance, which consists of the Port of Seattle and Port of Tacoma, handled 3.53 million TEUs in 2015, a 4 percent increase from 2014.
DSV completes $1.35b UTi acquisition
The purchase of UTi Worldwide makes Danish supply chain provider DSV the fourth largest global forwarder in terms of revenue.