The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.
Jan de Rijk acquires fellow Dutch logistics provider
The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a statement.
COSCO to purchase majority stake in Piraeus port
China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in the largest cargo port in Greece.
IMF downgrades 2016 global growth forecast
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its October projection of 3.6 percent.
PLS Logistics opens new office in N.C.
The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.
Economists: 2016 Retail Sales to Mirror Sluggish 2015
New York—What’s up for retail in 2016? More of 2015 evidently. According to economists and industry experts who spoke at the National Retail Federation Retail Big Show Tuesday at Javits Center, sluggish growth will continue this year. Paula Campbell Roberts, executive director, research, at Morgan Stanley, told retailers that they will likely see”sluggish growth for […]
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Bloomingdale’s Store to Open in Kuwait in 2017
Cincinnati–Macy’s, Inc. today announced that a Bloomingdale’s store is planned to open in spring 2017 in Kuwait as part of a strategic partnership with Al Tayer Group LLC, a leading UAE-based company with diversified business. This will be Bloomingdale’s second international location (the first opened in Dubai in 2010) and ahead of Macy’s and Bloomingdale’s […]
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The Webster Opens First Location Outside Of Florida at Galleria In Houston
Dallas—Famed Miami specialty retailer The Webster just opened its fourth boutique inside The Galleria in Houston. The 5,000 square foot, newly constructed, freestanding building with its own, dedicated valet service, is referred to as the “Jewel Box”. “I am thrilled to have the opportunity to open my fourth location, and first outside of Florida, at […]
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Vans, truth Morph Culture-Changing Art into Bold Footwear
Washington–When it comes to teen tobacco use, truth believes creativity speaks louder than words. That’s why truth, one of the largest and most successful of national youth tobacco prevention, partnered with Brooklyn-based graphic artist Kevin Lyons to create a one-of-a-kind mural of monsters inspired by the generation that will end smoking once and for all. […]
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CP wants DOJ to investigate ‘campaign’ to block NS takeover bid
Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase number four U.S. railroad Norfolk Southern.