Although overall cargo tonnage through the port inched up a modest 1.7 percent in 2017 from a year prior, container tonnage rose 10.9 percent.
G&W invests in Cargomatic
Short-line and regional railroad operator Genesee & Wyoming has entered into a strategic partnership with short-haul and drayage trucking platform provider Cargomatic.
Pyron, a transpacific container services pioneer, dies
Pioneering Sea-Land executive John R. Pyron was tasked in 1968 with convincing American shippers to use the country’s first commercial container service in the transpacific, and the company and trade never looked back.
Russia to blame for NotPetya?
The White House and the United Kingdom yesterday released similar statements condemning Russia for perpetrating the June 2017 cyber attack that affected operations at Maersk Line, APM Terminals and FedEx, among others.
JD.com raises $2.5b for logistics unit
The Chinese e-commerce giant has entered into agreements with investors – including Hillhouse Capital, Sequoia China, China Merchants Group, and Tencent, among others – for the financing of its supply chain and distribution subsidiary, JD Logistics.
EU trade surplus shrinks in 2017
The European Union’s international trade in goods surplus narrowed 28 percent to 25 billion euros (U.S. $31.1 billion) last year, as a 7.7 percent increase in exports was offset by 8.2 percent import growth.
Container lessors post improved financial results
Textainer Group Holdings Ltd. and CAI International both improved profits in 2017 compared to the prior year.
P&G working with CBP to stop counterfeit goods
U.S. Customs and Border Protection and Procter & Gamble will work to prevent counterfeit P&G products from entering the country, with the company donating testing devices to determine product legitimacy.
Cashmere retailer pays up in customs evasion settlement
Pure Collection, a Harrogate, England-based cashmere apparel retailer, reportedly sent a large portion of the illicitly shipped merchandise to customers in Maine.
NYFW Breaking Trends FW18: Michael Kors
Michael Kors knows how to push the classic to the max. From basic plaids to animal prints, what could’ve been a ho-hum collection turned into wonderful preppy/modern grunge mix utilizing some clever mixing, all punctuated with sunny yellow. From sequin floral appliqués on preppy argyles to glitzy jewelry mixed with …
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