The Federal Maritime Commission reached compromise agreements with several NVOCCs, forwarders and other companies, but none admitted to alleged violations of the Shipping Act.
Port Manatee advances trade initiative with Honduras
The U.S. Gulf Coast port is advancing a trade initiative with Honduras following its participation in Enterprise Florida’s export sales mission to Tegucigalpa, Honduras earlier this month.
French Competition Authority fines TNT, K + N
France’s Autorité de la Concurrence has ordered Netherlands-based TNT Express and third party logistics provider Kuehne + Nagel of Switzerland to pay nearly $100 million in fines for alleged anti-competitive behavior in the French parcel delivery sector.
PLS Logistics opens new office in San Antonio
The logistics management services provider opened its 11th office in the United States in San Antonio, Texas.
Kohl’s to Stay Open 170 Hours Straight During Holidays
Consumers accustomed to 24/7 shopping online can now do it at Kohl’s brick and mortar stores during the holidays. The retailer plans to keep its doors open for more than 170 hours straight from 7 a.m. on Thursday, December 17 through 6 p.m. on Christmas Eve, Thursday, December 24 as an added convenience to holiday […]
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Hudson’s Bay Might Acquire Gilt
Hudson’s Bay, the parent company of Lord & Taylor and Saks Fifth Avenue, is in talks to acquire fashion flash sale site Gilt for $250 million, according to The Wall Street Journal. This is significantly less than the $1.1 billion valuation Gilt received in 2011. In addition to its flash site, Gilt also has a […]
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DB Schenker acquires U.K. trucking carrier
Schenker AG will purchase Redhead International and merge its operations with those of subsidiary DB Schenker Logistics in the United Kingdom, according to a statement from the company.
LPG tanker fire causes Houston Ship Channel closure
Authorities reopened the important chemical and cargo gateway after a three-hour shutdown on Monday.
COSCO, CSCL stock sinks following merger announcement
Shares of both China-owned shipping companies took a beating yesterday when trading resumed after a months-long suspension due to a pending merger deal.
U.S.-flag Great Lakes freighters post weak November volumes
A total of 7.9 million tons of cargo were transported by U.S.-flag Great Lakes freighters in November, which carried 79.8 million tons of cargo during the first 11 months of 2015, year-over-year declines of 15 percent and 1 percent, respectively.