The Ocean3 Alliance, comprised of ocean carriers CMA CGM, CSCL and UASC, will remove an eastbound Yantian call from its FAL1 service in favor of an eastbound call at Shanghai.
South Africa opens to more U.S. meat exports
The United States on Thursday reached an agreement with South African government to allow for the entry of most U.S. exports of poultry, pork and beef.
FAA proposes fine for non-compliant FedEx plane
The Federal Aviation Administration has proposed a $417,500 civil penalty against FedEx for allegedly operating a plane that was not in compliance with federal aviation rules.
CN to issue $4.2b in debt securities
Canadian National Railway Company said it will use the proceeds for general corporate purposes, including the redemption and refinancing of outstanding debt, share repurchases, acquisitions, and other business opportunities.
ZIM CEO resigns amid reports of IPO delay
Rafi Danieli, chief executive of ZIM Integrated Shipping Services Ltd., will continue to serve in his role until a replacement has been found and as an advisor to the Israeli ocean carrier following the appointment of a new CEO.
Lakes iron ore trade drops 8.5% in 2015
The year-over-year surge in iron ore loadings at Canadian ports in 2015 was not enough to offset the decline in loadings at U.S. ports.
Hanson Logistics unveils plans for deep frozen warehouse
The St. Joseph, Mich.-based temperature-controlled supply chain services provider’s ninth deep frozen warehouse will be located in South Haven, Mich.
Executive Moves: IANA and U.S. Meat Export Federation
The Intermodal Association of North America installs 2016 board, while the U.S. Meat Export Federation promotes Japan director.
Report: December Comp Store Sales Better Than Expected
New York—December sales may have been better than some had predicted. Sales reports from the dozen or so retailers that still release monthly sales figures finds December comp store increased 0.9% ahead of the estimated 0.5% increase, Retail Metrics reported today. Excluded from the tally was Gap Inc. which is expected to reports its sales […]
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Hudson’s Bay Company to Buy Gilt for $250M
Toronto and New York–Hudson’s Bay Company is continuing its expansion poly by announcing today that it has entered into a definitive agreement to acquire Gilt Groupe Holdings, Inc. for $250 million in cash. This transaction reflects HBC’s ongoing focus on advancing its all-channel model while continuing to grow its successful off-price business through the integration […]
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