Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality,” but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in as many months, according to the latest Cass Freight Index Report.
XPO ups results for Q4 2016 amid rising e-commerce demand
XPO Logistics Chairman and CEO Bradley Jacobs said strong e-commerce growth more than offset the weak intermodal environment during the quarter.
KEY APPOINTMENTS ANNOUNCED AT RALPH LAUREN
Ralph Lauren’s Way Forward Plan, a turnaround effort rolled out last year to boost sales, is back on track with two key appointments. Jonathan Bottomley has been named Chief Marketing Officer and Tom Mendenhall has been named Brand President, Men’s Polo, Purple Label and Double RL. Both positions are newly created roles …
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AAFA NAMES HONOREES FOR THE 2017 AMERICAN IMAGE AWARDS
Some of the biggest and brightest names in footwear and apparel are set to be honored at the The American Apparel & Footwear Association’s 2017 American Image Awards in late April in New York City. Andrew Rosen, Marc Fisher Footwear and Coach are among the top honorees named. The evening will benefit the …
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Tulsa Port of Catoosa’s volumes skyrocket 129% in January
The inland river port handled 258,243 waterborne tons in January, a 129 percent increase from January 2016.
LEGO to use JDA building blocks
The toymaker will use JDA solutions to help digitally transform its supply chain, helping the manufacturer and retailer better respond to demand situations.
A $500 milllion problem
Drewry research conducted on behalf of software provider CargoSphere found that forwarders spend about $500 million a year on ocean freight rate acquisition and management.
APMT boosts spending at Elizabeth, N.J. terminal
The terminal operator increased spending from $70 million to $200 million in preparation for ultra large containerships.
ZIM unveils new transpacific ZPN loop
The Israeli ocean carrier said the ZIM Pacific North service will launch in April, subject to approval by the Federal Maritime Commission.
Matson records lower profit in 2016 on higher revenues
Matson President and CEO Matt Cox said the Honolulu-based shipping company had “exceptional” results for the full year of 2015, while fourth quarter 2016 results were hindered by the increase in bunker fuel prices from mid-November through December.