Through this arrangement, the two organizations will work together to identify sources of transportation capacity for humanitarian relief in support of the American Logistics Aid Network’s work to assist survivors of disasters.
COSCO Holdings president resigns
Jiang Lijun, executive director and president of COSCO parent China COSCO Holdings Company Limited, will be replaced by Deputy General Manager Xu Zunwu.
NOL stock stagnant following CMA CGM offer
Shares in Neptune Orient Lines, parent of container carrier APL, fell 0.41 percent yesterday after trading had been temporarily suspended due to an acquisition offer from French ocean carrier CMA CGM.
Executive Moves: XPO Logistics, WCA and ECSA
XPO names new president of supply chain business, while WCA picks new CEO and the European Community Shipowners’s Associations lines up new leadership.
Chinese firm to develop new deep water port in Nova Scotia
Harbor-Port Development Partners has partnered with China Communications Construction Company to plan, design and build a container terminal in Sydney, Nova Scotia contingent on a feasibility study of the project.
Christopher & Banks Falls into Q3 Loss
Plymouth, MN—Christopher & Banks today reported a third quarter loss in line with expectations and blamed a difficult retail environment and unseasonably warm weather. The women’s specialty retailer posted a net loss of $300,000 or 1 cent a share, compared with a year-ago profit of $9.0 million, or 24 cents a share. Net sales declined […]
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Retail Hires in November Down 5%, Challenger Says
Chicago–U.S. retailers hired 5% fewer workers in November, and October retail employment data was revised lower in a possible sign seasonal jobs may decline in 2015, reported outplacement firm Challenger, Gray & Christmas today. The firm cited the Bureau of Labor Statistics that indicated retail hiring rose by 394,100 last month, the weakest pace for […]
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Retailers in “Final Balancing Act” of Holiday Merchandise Supply, Demand
Washington—Import cargo volume at the nation’s major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The holiday season […]
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Lord & Taylor Gets Design Award for Holiday Windows
New York—Even with construction scaffolding obscuring its street level façade, Lord & Taylor has scored a win with its holiday windows. The department store has received the top honor—of design:retail magazine’s Winning Windows award for its 2015 holiday window display in New York City. design:retail‘s Winning Windows awards honor the top three Manhattan retailers for […]
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Obama signs highway bill, triggering CSA reboot
Enactment of the five-year $305 billion Fixing America’s Surface Transportation (FAST) Act caused the Federal Motor Carrier Safety Administration to shut off public access to its CSA safety monitoring system until it can be evaluated and improved.