French state railway subsidiary SNCF Logistics and Marseilles-based shipping container technology firm Traxens have been conducting collaborative research for the past year on a real-time rail tracking system expected to be operational in second half 2…
Boeing inks deal with Iranian airline
The commercial aircraft manufacturer signed a memorandum of agreement with Iran Aseman Airlines for 30 Boeing 737 MAX airplanes valued at $3 billion, with deliveries slated to begin in early 2022.
U.S. exports up slightly in February
The Commerce Department said U.S. exports of goods and services in February reached a value of $192.9 billion, slightly more than January at $192.5 billion, and up from $180.7 billion in February 2016.
Damco launches digital freight forwarding start-up
Twill, a digital freight forwarding start-up that Damco is launching, will officially be open to new customers from April 10.
Governmental Notices March 25th to March 31st, 2017
The following governmental notices that may be of interest to our members and the trade. Among the items released this week: APHIS’ Notices of Comment Requests addressing issues such as the Importation of Jackfruit, Pineapple, and Starfruit from Malaysia; CPSC’s Rule regarding the Safety Standard for Infant Bath Tubs and Notice of…
ANTONOV’s new aircraft takes maiden flight
The new multi-purpose, turboprop aircraft, the AN-132D, took off on its maiden flight March 31.
Port of Gdansk plans for future growth
The Polish port has plans to expand and boost capacity by adding more deep-water transshipment quays and establishing the Central Port, along with building a new roll-on/roll-off terminal in the Outer Port.
JENNA LYONS OUT AS CREATIVE DIRECTOR OF J. CREW
Jenna Lyons, president and executive creative director of J. Crew, is stepping down from both of her posts, which she has held since 2008 and 2010 respectively. During her time with the company, revenues tripled from about $690 million in 2003 to nearly $2 billion in the company’s peak in …
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NOT SO FAST! KATE SPADE SLOWS ITS SALE TO COACH
In what seemed like what was going to be a quickie sale of itself to Coach, handbag and accessories giant Kate Spade has put the deal on hold to better position itself in ongoing negotiations. To be clear, the sale is not off the table, for now. Coach,…
Ethiopia gains $150m from World Bank to improve logistics sector
The project will focus on improving Ethiopia’s Modjo Dry Port, which handles 95 percent of the landlocked country’s trade.