The forwarder invested $1.5 million to construct a new service center adjacent to the Washington Dulles International Airport.
AFCO Shipping launches first ocean service
The Miami, Fla.-based cargo line commenced its first service, which operates between the United States and Central America with one container and general cargo vessel.
Maersk Line to eliminate 4,000 positions
In response to weak demand, Maersk has also cancelled options for eight containerships and could cancel eight more, according to the Danish shipping conglomerate.
Executive Moves: V3 Transportation and Port of Long Beach Board of Harbor Commissioners
V3 Transportation adds a senior advisor, while the Port of Long Beach Board of Harbor Commissioners names chief of staff.
TOP 100 Accessories Brands & Players of 2015
To see Spring 2016 trend boards, see the November 2015 issue of Accessories magazine. 1928 Founded: 1968; Owner: Melvyn Bernie VP of Sales: Mary Roberts-Auer Accessories brands, licenses and classifications: Proprietary brands—1928, 2028,1928 Boutique, Antiquities, T.R.U. Private Brands program (all fashion jewelry). Licensed brand—Downton Abbey (fashion jewelry) Contact: 818-841-1928, www.1928.com ACCESSORY COLLECTIVE Founded: 2010; Owners/Executives: […]
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Retail CMOs Predict 4.2% Increase in Total Holiday Store Sales
Chicago—A skittish market and diminished back-to-school sales have U.S. retailers feeling cautiously optimistic for the upcoming holiday season. According to the BDO USA survey, chief marketing officers (CMOs) at leading U.S. retailers forecast a 4.2% increase in overall holiday store sales, consistent with growth expectations in 2014. This year’s projection is also only slightly higher […]
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Genesco to Acquire Little Burgundy Chain From Aldo Group
Nashville, TN–Genesco Inc.announced today that its Canadian subsidiary has entered into an agreement with the Aldo Group Inc. to acquire the 37-store Little Burgundy retail footwear chain in Canada. The transaction is subject to customary closing conditions. Terms of the transaction were not disclosed. Based in Montreal, Little Burgundy serves a fashion-oriented 18- to 34-year-old […]
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Long-term transportation bill moves toward floor vote in House
The surface transportation reauthorization would cover six years and include $325 billion in funding for freight infrastructure projects, but critics argue STRR doesn’t address the growing gap between investment and available funds.
Radiant acquires Copper Logistics
Copper Logistics will transition to the Radiant brand and operate from the Radiant location near the Minneapolis/St. Paul Airport, according to a statement from the Bellevue, Wash.-based third-party logistics provider.
COSCO considering increased use of Northeast Passage
An executive of the ocean carrier commented on the seldom-used route after the Chinese general cargo ship Yong Sheng finished a round trip voyage between China and Europe by sailing through the Arctic waters of the Northeast Passage.