House Ways and Means Trade Subcommittee Chairman Dave Reichert, R-Wash., has introduced bipartisan legislation to renew the Generalized System of Preferences through 2020, after it expired at the end of 2017.
SCFI slips 1.3%
While spot rates from Shanghai to Europe and the Mediterranean remained relatively unchanged since last week, rates from Shanghai to the U.S. trades had declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Old Dominion drives up earnings, revenues in 2017
The Thomasville, N.C.-based less-than-truckload carrier recorded a net income of $463.77 million on revenues of $3.36 billion in 2017, up 56.8 percent and 12.3 percent year-over-year, respectively.
West Calcasieu Port to dredge barge basin
The Southwestern Louisiana port will move forward with dredging its west barge basin after the port authority’s board approved a $1.3 million dredge contract with Coastal Dredging Co.
Delta expands pharma air transport service
The cargo operation of Delta Air Lines expanded Pharma 4 to eight additional destinations, giving it 49 pharma stations worldwide, in addition to nine approved facilities in Europe that are operated with partner airlines.
Macy’s Welcomes Indie Brands with ‘Market at Macy’s’ In-Store Pop-Up Concept
Macy’s has joined the ranks of department opening its arms to more indie brands. “The Market @ Macy’s” pop-up shop-type concept gives space on Macy’s main floor to a handful of brands and companies in 10 locations initially. Participating brands pay a one-time fee for the space and then get to …
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NYFW FW18 Breaking Trends: Juicy Couture
For its first runway presentation, Juicy Couture’s Creative Director Jamie Mizrahi rolled out an irreverent, fun and feminine collection with a touch of 70s/80s decadence.
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NYFW: Eugenia Kim Retrospective
Millinery mastermind Eugenia Kim returned to New York Fashion Week with a 20th anniversary retrospective and capsule collection honoring top styles.
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OFAC adds three to Specially Designated Nationals list
The U.S. Treasury Department’s Office of Foreign Assets Control added Rahman Zeb Faqir Muhammad, Hizb Ullah Astam Khan, and Dilawar Khan Nadir Khan to its Specially Designated Nationals list.
Maersk Group narrows losses during ‘transformational’ 2017
Danish shipping giant A.P. Møller-Maersk narrowed its overall loss to $1.16 billion for 2017, a year in which it divested its energy businesses and acquired container carrier Hamburg Süd.