Fashion Accessories Shippers Association – Connecting Cargo Globally
Los Angeles—American Apparel, the Made-in-USA retailer that went bankrupt last fall, announced today that its creditors approved its reorganization plan. Coincidentally, the retailer got a $300 million buyout offer backed by ex-CEO/Founder Dov Charney who was ousted from his post last year. Hagan Capital Group and Silver Creek Capital Partners said their offer is a […]
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New York—Yes there is dramatic growth in Internet retail but it still accounts for well less than 10% of total sales. In fact, during the 2015 Holiday Season, 91% of consumers chose brick and mortar retailers to shop at. According to its Holiday Consumer Purchasing Trends study released today by the The International Council of […]
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Washington–With the holiday season over, import cargo volume at the nation’s major retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This is the time of year when the retail supply […]
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Further limiting container “free time,” the amount of time boxes can be stored at ports without charge, at the Port of Long Beach could lead to more congestion and demurrage, according to the National Retail Federation.
The London-based shipping consultants said about 5 percent of the global container fleet is laid up, but that number could rise in the second half of 2016.
Tugboat workers are expected to carry out 12-hour strikes at the ports of Geelong, Newcastle, Sydney, Melbourne and Brisbane, which could cause cargo delays, according to local media reports.
The world’s largest air cargo handler, Worldwide Flight Services, will acquire Consolidated Aviation Services.
The Salt Lake City, Utah-based third-party logistics provider posted revenues of $451 million for 2015.
A dozen rubber tire gantry cranes will be added this year and in early 2017 at Global Container Terminals’ GCT Deltaport terminal in Port Metro Vancouver as part of an intermodal yard reconfiguration project.
The refrigerated warehousing and logistics specialist finalized the purchase of the Tradewater facility in Atlanta, Ga., for which it had assumed the lease since 2006.