Although activity slowed slightly in Q3, total deal value for mergers and acquisitions in the transportation and logistics sector for the first nine months of 2015 is up 40 percent from the same 2014 period, according to a new report from PwC US.
Digital Marketing Missing Out on Baby Boomers?
New York—As marketing becomes more digital brands are hungry to acquire the Millennials as customers. But in the march toward these goals, another huge consumer segment may be missed. According to eMarketer, “Trouble is, the US baby boomer generation—still a large cohort, and with an outsized portion of total purchasing power—has a far-below-average rate of […]
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Christian Louboutin Opens Expanded Madison Avenue Shop
New York—If only “Sex and the City” were still on TV, you can bet the girls would wind up at Christian Louboutin’s newly expanded boutique at 965-967 Madison Avenue. The merchandise covers an array from men’s and women’s shoes, bags and small leathergoods, as well as Christian Louboutin Beauté. The brand’s previous 4,400 sq. foot […]
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Countess Launches Jewelry Line
Fit for a queen? How about a countess? “Real Housewives of New York” Bravo TV reality star LuAnn de Lesepps has partnered with F2NYC for The Countess Collection, a line of affordable fashion jewelry with a glamorous feel. “I am a big jewelry aficionado and I can’t wear the same thing twice,” says de Lesepps, […]
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Faith Equality Index Debuts, Scores 300 Brands
Raleigh, NC—Faith Driven Consumer— representing 41 million Christian consumers who spend $2 trillion annually–has earned recognition for rating the faith compatibility of major brands both in the consumer and entertainment spheres, as well as serving as a voice for this community. Today, building on more than four years of research and behind-the-scenes work with major brands, Faith Driven Consumer […]
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TOTE seeks exoneration or limitation of liability in El Faro sinking
TOTE Maritime alleges it exercised due diligence to supply the ill-fated cargo ship with suitable and working engines, personnel, and other necessary equipment, according to recent court filings.
Baltic Exchange, Ningbo Shipping Exchange partner to create new freight index
Similar to the Shanghai Containerized Freight Index, the new index will meld spot prices for 20-foot, 40-foot and 40-foot high cube containers moving from Ningbo to Europe and the Middle East.
COSCO joins two Asia-Oceania loops
The Chinese ocean carrier will join two of Maersk Line’s services between Southeast Asia and Oceania this month.
Saia’s net income falls 27.7% in Q3
The logistics services provider posted a net income of $11.8 million on operating revenues of $317.2 million for the third quarter of 2015.
XPO begins layoffs of former Con-way staff
XPO Logistics, which announced Friday it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc., will cut more than 10 percent of current Con-way staff at its Ann Arbor, Mich. headquarters and Portland, Ore. IT center.