Iron ore shipments on the Great Lakes totaled 5.6 million tons in September, a year-over-year drop of 20.6 percent.
UPS earnings up despite flat revenues in Q3
The parcel and logistics giant expects its $1.8 billion acquisition of asset-light truckload brokerage and third-party logistics provider Coyote Logistics, completed during third quarter 2015, to create more than $100 million of synergies.
Sephora selects CEVA for logistics services in Brazil
The third-party logistics provider reached an agreement with major cosmetics retailer Sephora to manage the inbound, warehousing, outbound and reverse logistics processes to its stores throughout Brazil.
Logistics software provider partners with market entry specialist
Intellect Technologies will cooperate with Tokema International to give market entry and international sales services to Intellect’s carrier and 3PL customer base.
Datamyne acquires Zepol in major trade data deal
Both companies provide detailed international trade volume data, and executives say the combined company plans to create the most robust global trade information platform worldwide.
GRI Roundup: Maersk Line and CMA CGM
Ocean carriers Maersk Line and CMA CGM announced general rate increases.
Executive Moves: Sparrows Point Terminal, Kerry Logistics, Troy Container Line and The Nautical Institute
Sparrows Point Terminal names VP of development and Kerry Logistics picks Europe managing director, while Troy Container Line appoints team leadership and The Nautical Institute taps COO.
Now Lord & Taylor Plans to Launch Off-Price Concept
New York—Seeking a younger demographic that liked “on-trend, in-season product at amazing prices,” Lord & Taylor’s parent, Hudson’s Bay Company announced today the retail brand will launch its own off-price stores next year. Opening its first store in Paramus, New Jersey in November 2015, Find @ Lord & Taylor will launch in the Northeastern United […]
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TJX Completes Acquisition of Australian Off-Price Retailer Trade Secret
Framingham, MA—The TJX Companies investment in expanding oversees just took a turn toward Oz. The off-price retailer said today that it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for a purchase price of $80 million Australian (subject to customary post-closing adjustment). The […]
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FedEx Forecasts Record Surge This Holiday Season
Memphis—Fedex today predicted another record-breaking year as more consumers turn to Internet for their holiday shopping and expect fast shipping. The company predicts it will move a record-breaking 317 million shipments between Black Friday and Christmas Eve. This forecast marks a 12.4% increase in year-over-year seasonal volume. The holiday season includes one more day than […]
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