New South Korean ocean carrier SM Line will join INTTRA’s network to increase online bookings, wile INTTRA will receive expanded access in Korea via SM Line customers.
Tesla to manufacture driverless ‘platooning’ semi-trucks
The electric automaker is making good on its CEO’s tweet in April by producing autonomous semi-trucks that will also “platoon,” following a lead truck in formation, according to a report from Reuters news service.
Ports of Indiana awaits federal infrastructure grant
The Port of Indiana-Burns Harbor is counting on a $19.7 million federal grant, as one of the 10 FASTLANE small project grants, to aid in the expansion of the port’s cargo handling capacity, according to the NWI Times.
ATSG posts $53.7m loss in Q2 2017
The Wilmington, Ohio-based aircraft leasing and air cargo transportation services provider’s loss resulted from charges for the warrants granted last year in connection with operating and lease agreements with Amazon Fulfillment Services.
Gebrüder Weiss acquires Tyrolean multimodal provider
Austrian transport and logistics company Gebrüder Weiss has acquired Kapeller Internationale Spedition, further expanding its operations in the Tyrol region.
Maersk, Danske Bank partner on joint software venture
The Danish shipping giant and Denmark-based bank are awaiting approval from the European Commission to begin operations under a new joint venture called GateTu to provide customers with payment services and solutions for digital platforms.
Foiling Chinese subsidies
The Commerce Department will impose countervailing duties on U.S. imports of aluminum foil from China, after determining that Chinese exporters have received government or “countervailable” subsidies in the range of 16.56 percent to 80.97 percent.
Nordstrom Solid Q2 Earnings “A Ray of Sunshine”
Nordstrom Q2 earnings are out and they’re good, driven by its successful Anniversary Sale and overall online performance. Stocks popped at the positive news. Net sales increased 3.5% and comp sales increased 1.7%, compared with the same quarter last year. Nordstrom’s Anniversary Sale, historically its largest event of the year, …
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MAGIC Musts: The Who, What and Where’s in Vegas!
Heading to Vegas for MAGIC? Maybe you’re already en route? Well take a break to take note of the exciting events happening at the various shows.
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Imports Set to Hit New Monthly and Annual Records As Retail Sales Continue to Increase
Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released today by the National Retail Federation …
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