Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to the company’s most recent financial statements.
BCBG LOOKS INTO RESTRUCTURING ITS BUSINESS
It looks like BCBG is going into a new, challenging chapter. The fashion company, best known for women’s clothes and accessories, has announced that it plans to reduce its stores and refocus its business into in-store boutiques and ramp up its online presence and licensing initiatives, according to an article …
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TARGET NAMES RICK GOMEZ AS NEW CMO
For Target, a new year comes with a new appointment. Just recently, the Minneapolis-based retailer promoted Rick Gomez to the position of new chief marketing officer (CMO). Effective January 29, Gomez will rise to the ranks from his previous position as senior VP for brand and category marketing. “Rick has …
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SCFI declines 1.9 percent
The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.
iContainers opens branch in Rotterdam
Online freight forwarder iContainers already had offices in Florida, India and Spain prior to the opening of its newest office in Rotterdam.
3rd Circ. upholds dismissal of complaint against RoRo carriers
Warren T. Burns, a partner at the Dallas-based law firm Burns Charest, which has represented shippers, said the decision was inconsistent with the position taken by the Federal Maritime Commission and U.S. Department of Justice.
J.B. Hunt boosts earnings in 2016
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
OOCL parent rejects bid rumors
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Commentary: Shippers can form alliances too
Now that the European Shippers’ Council (ESC) has rejoined the Global Shippers’ Forum, ESC Chairman Denis Choumert is hopeful the Asian Shippers’ Association and other Asian shipper groups will work with the forum to address concerns.
FourKites expands platform with addition of rail tracking
The freight visibility software provider said it will be aggressively pursuing plans through 2017 to introduce support for additional modes of transportation.