The ocean carrier began offering slots on the joint CNC, COSCO and Yang Ming CTS loop, which operates between Korea, China, Southeast Asia and Hong Kong, on Nov. 3.
Lakes iron ore, limestone trade slips in October
Iron ore shipments on the Great Lakes totaled 5.3 million tons in October, while limestone shipments reached 3.4 million tons, year-over-year decreases of 23 percent and 8 percent, respectively.
“K” Line establishes logistics business in Middle East
K Line Shipping and Logistics is a joint venture between Japan’s “K” Line and the Dubai-based Sharaf Group.
UASC unveils new mobile application
The Dubai-based ocean carrier launched a new mobile application that features round-the-clock shipment tracking, schedule search options and enhanced track and trace functionality.
House passes $325b transportation spending bill
The multi-year measure would support infrastructure investment, including a first-time dedicated funding source for freight-related projects, but is only partially funded so far.
Ralph Lauren’s Shares Rise on Better-Than-Expected Q2 Results
New York—Despite a decline in its quarterly profit and sales, Ralph Lauren Corp. today posted a rise in sales as restructuring helped it achieve lower costs. Shares of the company rose as much as 19%, their biggest one-day gain since 2000, as the results exceeded analysts’ forecasts. Nonetheless, the stock is down 29% so far […]
The post Ralph Lauren’s Shares Rise on Better-Than-Expected Q2 Results appeared first on Accessories Magazine.
Drivers, warehouse workers end ‘strike’ against four firms
Drayage drivers for XPO Logistics, Intermodal Bridge Transport (IBT) and Gold Point in Los Angeles and Long Beach, and Cal Cartage warehouse workers have ended their strike, but protests at Pacific 9 Transportation continue into their 16th week.
APMT secures 20% stake in Qingdao multipurpose terminal
The new multipurpose terminal in Qingdao’s Dongjiakou Port, which will primarily handle grain and other general cargo, represents the global marine terminal operator’s first foray into a non-container handling facility in China.
Report: Consumers unforgiving of holiday fulfillment errors
New research from supply chain solutions provider JDA Software finds consumers will switch to different retailers if home delivery or store-pickup processes are fraught with errors or delays.