The logistics services provider entered into a multi-year service agreement with American Essentials, which sells and distributes socks and legwear to major U.S. and global retail outlets.
Yusen opens warehouse in Indonesia
The third-party logistics provider opened a new warehouse outside Jakarta, Indonesia, which will provide storage and handling services, primarily for automotive parts and materials.
Executive Moves: CenterPoint Properties and ICTSI
CenterPoint Properties names head of U.S. western region, while International Container Terminal Services, Inc. promotes three VPs.
XPO Logistics exceeds Q3 market expectations
The roll-up freight brokerage and logistics provider had EBITDA of $166 million in the quarter as it digests recent deals for Norbert Dentressangle and LTL carrier Con-way.
Top 100 Brands & Players–Spring Trend Boards
Take a look at the industry’s Top 100 Accessories Brands & Players for 2015, featuring Spring 2016 trend boards from key industry players.
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Stockholders Agree to Merger Agreement Between Belk, Sycamore Partners
Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our stockholders voted in favor of our sale to Sycamore Partners,” said Tim Belk, chairman/chief executive officer of Belk, Inc. “The vote is a recognition of the […]
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By Investing in Omnichannel, Merchants Prepare for Holiday Rush
Boston—Retailers’ omnichannel efforts may be paying off and will be evident this holiday season. PYMNTS.com, a source of news and commentary on innovation in payments and commerce, released its of The OmniReadiIndex, ahead of the holiday shopping rush. The Index is designed to measure the consistency of a merchant’s omnichannel strategies – measured by real […]
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Simon Plans to Transform Bergen Country’s The Shops at Riverside
Hackensack, NJ—Simon, the retail real estate company, said today it plans to transform its The Shop at Riverside in Bergen County, offering a combination of luxury shopping, dining and entertainment. The transformed Shops at Riverside will be anchored by “The Collection at Riverside,” featuring “a tranquil, elliptical concourse with soaring, two-level storefronts, perfect for showcasing […]
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Heathrow looks to double cargo volumes by 2030
The London airport announced plans to invest nearly $200 million over the next 15 years to improve and expand its freight handling facilities, processes and workforce.
FedEx, TNT extend public offer period
The acceptance period for FedEx Corp.’s recommended public purchase offer for TNT Express until Jan. 8, 2016 was extended because the deal has not yet been approved by the relevant antitrust authorities, according to a joint statement from the companies.