Just prior to announcing the board of TNT Express had approved its sale to FedEx, the company issued an investor alert warning shareholders that third quarter 2015 profits would be “materially lower” than in the third quarter of 2014.
TIACA: Refugee crisis causing cargo delays in Europe
A massive influx of refugees fleeing the war in Syria has resulted in increased wait times at border crossings and reduced volumes for trucking carriers, according to the International Air Cargo Association.
Japanese lines restructure intra-Asia loops
Ocean carriers NYK and “K” Line will split their joint MET/Jaseco-5 service into two loops, while NYK will separately terminate its PHX2 string and adjust its PHX1 service.
Port of Catoosa taps Barnhart for temporary crane service
The inland river port in Northeast Oklahoma established an agreement with Barnhart Crane & Rigging Co., which will place a crane at the port for a limited time while the port’s main dock undergoes a renovation project.
AA Cargo enhances temperature-control program
The cargo segment of American Airlines will implement Envirotainer’s RKN e1 and RAP e2 containers to its lineup of healthcare shipping solutions starting Nov. 1.
Executive Moves: ConAgra Foods and SAL
ConAgra Foods appoints chief supply chain officer, while heavy-lift ship operator SAL names project department head.
NTSB begins investigation into El Faro disappearance
As the U.S. Coast Guard continues to search for survivors, experts say the now-likely loss off the TOTE Maritime cargo ship could be the worst disaster involving a U.S. flag vessel in decades.
A More Positive Consumer Outlook Will Boost 2015 Holiday Season, Predicts NPD
Port Washington, NY– Consumers have a more positive outlook going into this holiday season, according to the 2015 Holiday Purchase Intentions Survey from global information company The NPD Group, the global information company. More men and women agreed with positive statements around giving to those less fortunate, shopping for the holidays, and general holiday anticipation, […]
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As Expected, American Apparel Files Bankruptcy, Reorganization Plans
Los Angeles—It appeared inevitable: after failing to make a profit or turnaround sales and operations since 2009, American Apparel Inc. filed today for Chapter 11 bankruptcy protection and revealed a reorganization plan that would keep its retail and made-in-USA manufacturing facilities open. Under the agreement reached with its most secured lenders, American Apparel said it […]
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Retailers Enthused over News of TPP Agreement
Washington—Retail trade associations were quick to applaud a deal reach among the United States and 11 other Pacific Rim countries on the most sweeping trade liberalization pact in a generation. The Trans-Pacific Partnership (TPP) would affect 40% of the world economy and stand as a legacy for President Barack Obama if it is ratified by […]
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