Fashion Accessories Shippers Association – Connecting Cargo Globally
Vancouver—Lululemon Athletica today reported today that its third quarter profit fell some 12% resulting in a lowered forecast. The company, which reports in US dollars, said the cost of goods sold rose faster than revenue. Lululemon Athletica Inc. says its third quarter net income fell by 12 %o $53.2 million. Profit in the quarter ended Nov. […]
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Paris—Luxury conglomerate Kering SA said today it has agreed to its Sergio Rossi brand to Investindustrial, a private equity group. Investindustrial, will get all Rossi’s industrial assets, rights and a network of more than 80 stores, according to a joint statement today. The deal will ensure the long-term development of the brand, the companies said. […]
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Shippers attending the Informa Cargo Logistics America conference in San Diego last week expressed concerns about new container weight regulations and the need for better port productivity in the United States.
Import cargo volumes at the nation’s major retail container ports in October dipped 0.1 percent from a year ago, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Ocean carriers Yang Ming, Hanjin and Hyundai will end their jointly operated WLX/SA2 loop between Asia, the West Coast of Mexico and the West Coast of South America next week and join existing services in the trade to maintain port coverage.
New rules require that after July 1, 2016 shippers will have to provide the “verified gross mass” of containers before they are loaded on ships.
The Chinese ocean carrier launched its Israel Adriatic Service last week between Egypt, Israel, Slovenia, Italy and Greece.
The United States signed a mutual recognition arrangement on Tuesday with the Dominican Republic that will allow for increased collaboration between the two countries in supply chain security.
The strong increase in iron ore shipments from Canadian ports was not enough to offset the sharp decrease in loadings from U.S. ports, which is where the majority of Great Lakes shipments originate.
The United States has initiated dispute settlement proceedings at the WTO by asking for consultations with China on its rules exempting certain aircraft produced in China from value-added tax.