The first phase for the logistics park, which will include four warehouses that will provide nearly 1 million square feet of storage, received planning consent.
BIS launches data portal for export licensing information
The Bureau of Industry and Security announced the start of its new data portal, which for the first time makes public aggregate information on export licensing and data trends.
CaroTrans offers new Miami-Manaus LCL service
The global non-vessel operating common carrier and ocean freight consolidator launched a direct, bi-weekly less-than-container-load export service between Miami and Manaus, Brazil.
Algoma Central Corp. expands Great Lakes freighter fleet
The shipping company, which operates the largest Canadian-flag fleet of dry and liquid bulk carriers on the Great Lakes and St. Lawrence Seaway, ordered several self-unloading dry-bulk freighters.
DHL Global Forwarding launches LifeTrack mobile app
The forwarder introduced its LifeTrack mobile application, which is available for IOS and Android systems, today.
CMA CGM reportedly seeking financing for NOL deal
The third largest ocean carrier worldwide has entered into discussions with BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. to fund an acquisition of Neptune Orient Lines, parent of liner company APL, according to multiple media reports.
Ascena Beats on Q1 Earnings, Sales Up 40%
Mahwah, NJ—Ascena Retail Group reported Tuesday adjusted earnings that beat analysts’ forecast, sending the specialty retail group’s share up as much as 9% in after hours trading. For the three months ended Oct.24, the parent of the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, maurices, dressbarn, and Catherines brands, posted a quarterly loss […]
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Italian Connection: LVMH Takes Stake in Repossi
Paris–The Italian jeweler Repossi announced Tuesday a partnership with the LVMH Group to support its development. Although details of the financial transaction weren’t disclosed, LVMH apparently took a minority stake in Repossi. They did not disclose any financial details for the transaction. “I am very pleased to have the LVMH group’s support and unparalleled experience […]
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Express Debuts 1st Capsule Collection, “Edition”
New York—In an effort to distinguish itself this holiday, Express Inc. has launched the specialty retailer’s first high-end capsule collection, “Express Edition.” The capsule collection is described as classics with a “mix of cool sophistication and street style with an emphasis on luxury fabrics, elevated techniques and a sharpened attention to detail. Suki Waterhouse and […]
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Global Shippers’ Forum calls on industry to agree on carbon reduction measure
The shipper advocacy group said it supports a ship efficiency credit trading scheme such as the one proposed by the United States, rather than a global bunker fuel levy approach.