The Fixing America’s Surface Transportation Act of 2015, the first multi-year highway and infrastructure spending bill passed by Congress in over a decade, includes a provision for the reauthorization of the shuttered Export-Import Bank.
Sears Holdings Q3 Sales Down 20% Despite Narrowed Loss
Hoffman Estates, IL—Sears Holdings Corp. today reported a wider-than-expected third quarter loss even though its declining sales topped projections. For the three months ended Oct. 31, the parent of Sears and Kmart posted a loss of $454 million, or $4.26 a share, compared with a loss of $548 million, or $5.15, a year earlier. Excluding […]
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Pantone Names 2016 Color(s) of the Year: Rose Quartz, Serenity
Carlstadt, NJ—For the first time, Pantone named two colors in their annual color of the year for 2016: Pantone 15-3919 Serenity and Pantone 13-1520 Rose Quartz which the color authority describes as “a harmonious pairing of inviting shades that embody a mindset of tranquility and inner peace.” “With the whole greater than its individual parts, […]
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Jared to Enhance Pandora Offering with 200 Boutiques
Akron, OH—Jared The Galleria of Jewelry, the retail jeweler owned by Signet Jewelers, says it plans to dramatically expand its relationship with Pandora, the collectible jewelry brand, by installing 200 in-store boutiques in its stores. As part of this effort, Jared will upgrade more than 200 of its established stores to include new Pandora in-store […]
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Congress set to vote on highway bill
The five-year surface transportation reauthorization includes many elements favored by freight advocates, but some are disappointed that Customs fees are being diverted to help pay for the bill.
CMA CGM deploys 18,000-TEU ship to U.S. West Coast
Port executives at the Informa Cargo Logistics America conference in San Diego on Tuesday all said they expected an increase in the size of containerships calling at their ports in the next year as carriers seek to drive down costs.
Port Authority of NY/NJ proposes $6.5b FY2016 budget
The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs and upgrades to existing transportation facilities at area airports, seaports, tunnels, bridges and terminals.
CSX decreases full-year EPS outlook
The higher than expected decline in domestic coal movements during the fourth quarter of 2015 caused the railway to lower its full-year earnings per share projection.
IATA: Cargo volumes up 0.5% in October
October airfreight volumes rose 0.5 percent compared to October 2014, but were down 0.4 percent from September, according to data from the International Air Transport Association.
ITC imposes duties on Chinese melamine imports
The U.S. International Trade Commission has determined that domestic manufacturers of the industrial commodity melamine are harmed by imports from China.