The seasonally adjusted For-Hire Truck Tonnage Index for November 2015 equaled 134.3, down from 135.5 in October but up 0.2 percent from November 2014, according to the American Trucking Associations.
Crude crash continues, Brent reaches 11-year low
The price of Brent crude, the global benchmark for oil prices, fell to its lowest level since 2004 on Tuesday as global supply continues to outpace demand.
Executive Moves: SEKO Logistics and Finnair Cargo
SEKO Logistics appoints VP of business development, while Finnair Cargo names new head of global sales.
ZIM to grow refrigerated container fleet in 2016
The Israeli ocean carrier said it plans to expand its refrigerated container fleet in order to accommodate the rising demand from its ZIMonitor service.
Port of Koper reports strong results in 2015
The Slovenian port is projecting an additional 4 percent year-over-year jump in throughput to 21.4 million tons in 2016 as the port continues to undergo major upgrades.
Agility expands Abu Dhabi delivery fleet
Emirates Motor Company supplied the third party logistics provider with 30 new Mercedes-Benz Actros Benz trucks to add to its delivery fleet.
Maersk begins staff reductions, eliminates 110 positions at Copenhagen HQ
As part of the Danish ocean carrier’s cost cutting plan, Vincent Clerc will replace Stephen Schueler as chief commercial officer, while Michael Hansen will move from Seago to become Maersk’s global head of sales.
Norfolk Southern: CP’s latest bid still inadequate
Canadian Pacific’s latest attempt to buy rival Norfolk Southern hasn’t swayed executives of the Virginia-based railroad, which said it still doubts the deal would pass regulatory review regardless of the offer’s value.
Holiday Stats: Expect a More Promotional December
New York–December temperatures might have hit record highs, but December retail sales are cooling off. Retailers have hit the season with massive sales but experts are predicting even more. An article in Forbes predicts that a “…lack of momentum exiting November will make December even more promotional than planned… one week before Christmas, all retailers […]
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Retailers Say Tax Extenders Bill Could Provide ‘Stepping Stone’ to Comprehensive Reform
Washington–The National Retail Federation urged Congress to approve legislation that would make permanent a key piece of federal tax law retailers have long relied on and give long-term renewal to others, calling the measure an important move toward badly needed comprehensive tax reform. “H.R. 2029 is the first step toward fundamental tax reform that our […]
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