Federal Maritime Commissioner Rebecca Dye told the 29th annual Agriculture Transportation Coalition conference that consolidation in the ocean shipping industry isn’t necessarily a bad thing, while touting the benefits of incremental deregulation.
UP to invest $300m in its infrastructure in seven states
Omaha, Neb.-based Class I railroad Union Pacific will spend more than $318 million on infrastructure improvements across seven U.S. states this year in an effort to boost safety and efficiency.
WHAT IS THE MOST POPULAR FASHION BRAND NOW ON INSTAGRAM?
Here’s a question we dare to ask: Who’s more popular today than Miley Cyrus and Khloe Kardashian on Instagram?
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JCPENNEY COURTS COLLEGE FRESHMEN IN DORM SHOPS CONCEPT
Many universities and colleges are now gearing up for the incoming class of 2017, and for retailer JCPenney, now is the time to cater to upcoming freshmen who are looking to do some shopping for their dorms.
The post JCPENNEY COURTS COLLEGE FRESHMEN IN…
MACY’S FULL-YEAR GROSS MARGIN COULD SLIDE LOWER THAN 2016’S
It’s only halfway through 2017, but for Karen Hoguet, CFO of Macy’s Inc, it’s wise to assume that the year won’t end with a bang.
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Maersk to offer trade financing in six U.S. states
The world’s largest ocean carrier has piloted a program in four countries to offer loan capital to shippers and has recently expanded that facility to importers and exporters to the United States.
CSX shareholders approve $84m payment for Harrison
The Jacksonville, Fla.-based Class I railway’s shareholders voted 93 percent in favor of making the $84 million payment in connection with the retention of E. Hunter Harrison as chief executive officer.
IATA: Air cargo ‘stuck in another century’
The International Air Transport Association wants to break free from outdated processes that hold air cargo back and has adopted a resolution that it believes will accelerate the modernization of this industry.
DP World bans Qatari vessels from calling its terminals
In addition, Maersk Line has ceased accepting cargo between Qatar and various countries, including the United Arab Emirates, Saudi Arabia, Egypt, Bahrain and Yemen, as diplomatic tensions rise.
Port of Oakland looks to move more cargo by rail
The Northern California port’s rail profile could soon improve thanks to recent investments, according to Chris Lytle, executive director of the Port of Oakland.