The United States Coast Guard has issued an update on river closures, restrictions and advisories for sections of the Mississippi, Illinois and Missouri rivers in response to high waters and flooding in the Midwest.
Fossil Group to Launch More Than 100 Wearables This Year
Las Vegas—Coinciding with the 2016 Consumer Electronics Show (CES) here, Fossil Group announced it plans to introduce more than 100 connected devicese in 2016. Among the newest smartwatch launches is the Q54 Pilot, at the 2016, available in retail stores in this spring with a retail of $175 to 215. Inspired by vintage aviation and […]
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LVMH, Catterton Partner to Create L Catterton, a Private Equity Firm
Greenwich, CT and Paris–Catterton, a consumer-focused private equity firm, LVMH, the world’s largest luxurygoods conglomerate, and Groupe Arnault, the family holding company of Bernard Arnault, announced today that they have entered into an agreement to create L Catterton. The new partnership will combine Catterton’s existing North American and Latin American private equity operations with LVMH […]
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Ricardo Beverly Hills Acquires Stephanie Johnson Brand
Kent, WA—Ricardo Beverly Hills, the luggage and travel accessories company, announced today the recent acquisition of Venice, CA-based Slim, Inc./Stephanie Johnson. Stephanie Johnson is a fast growing designer brand of upscale cosmetic cases and travel accessories. The acquisition of Stephanie Johnson provides a high-growth platform that will enable Ricardo Beverly Hills to compete in the higher […]
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Stifel: Industry confidence index sinks to all-time low
The Stifel Logistics Confidence Index has declined for seven consecutive months and hit an all-time low in December 2015.
CV International acquires fellow Virginia-based forwarder
M & S Shipping, Ltd., a freight forwarder headquartered in Virginia Beach, Va., will merge its operations into those of Norfolk-based CV International, Inc., according to a joint statement from the companies.
Port of New York/New Jersey reports another record month in November
Container volumes at the largest U.S. East Coast port were up 2.4 percent for the month compared to November 2014, when the previous record was set.
Varela: Panama Canal expansion expected to be complete by May
Panamanian President Juan Carlos Varela in a national address urged contractors and the Panama Canal Authority to put aside their legal disputes for the time being in order to keep the project on schedule.
Crowley invests $25.5m in new equipment
The Jacksonville, Fla.-based ocean carrier is investing $25.5 million in chassis, dry containers and generator sets.
Vanguard expands in Indonesia
Non-vessel-operating common carrier Vanguard Logistics Services has opened a fourth office in Indonesia at Belawan.