The second highest court in the European Union has reversed a prior European Commission decision to impose over $850 million in fines on 12 airfreight carriers for alleged anti-competitive behavior.
SingPost stock drops following CEO’s resignation
Singapore Post Limited Group Chief Executive Officer Wolfgang Baier stepped down abruptly on Dec. 10, according to a statement from the company.
ACP: Expanded Panama Canal ‘inauguration’ expected in Q2 2016 despite delays
The Panama Canal Authority has yet to select a commercial opening date, but says it will be “soon after the inauguration” of the widened waterway following transit trial tests with a chartered vessel via the Atlantic locks in April.
Alibaba Moves to Stop Counterfeits on its Websites
Washington—Following some scathing comments of the U.S. Trade Represenative, Alibaba has brought in a former counterfeit-battling executive from Apple to battle its problem of fake goods. Matthew Bassiur , who was vice president Deputy Chief Security Officer at Pfizer, now will become Vice President, Head of Global Intellectual Property Enforcement at Alibaba in January. Its a […]
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Retailers Estimate Holiday Return Fraud Will Cost $2.2 Billion in 2015
Washington–Retail fraud comes in many shapes and sizes and is especially rampant during the holiday season when online and in-store traffic grows significantly. One of the biggest issues throughout the holiday season: return fraud. According to NRF’s latest Return Fraud Survey, retailers estimate that 3.5% of their holiday returns this year will be fraudulent, up […]
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Forever 21 Continues To Expand F21 Red With 3 New Store Openings
Los Angeles—Fast growing, fast fashion retailer Forever 21 continues its expansion of its F21 RED division with three new stores: 490 Fulton Street in Brooklyn, New York, 3535 Sports Arena Blvd. in San Diego, California, and 8505 Mills Drive in Kendall, Florida. The new stores will deliver a deeper inventory of on-trend staples for women, […]
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Georgia’s other port
Brunswick is important to the automotive supply chain and many industries in the Southeast.
Reset
Container shipping will see mergers and alliance shifts in 2016, but still rocked by overcapacity.