Truckload pricing dipped another 1.4 percent for the month compared to October 2015, the eighth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Intermodal rates stem 21-month decline in October
Intermodal pricing increased 0.4 percent for the month compared with the same 2015 period, the first year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
EC approves Hapag-UASC tie-up
The European Commission has given clearance to the merger of Hapag-Lloyd and United Arab Shipping Co., which will create the fifth largest container carrier worldwide, subject to certain conditions, the EU competition watchdog said in a statement.
MARSHAL COHEN’S NPD BLOG: STORES SAVED BLACK FRIDAY WEEKEND
As part of our ongoing Industry Experts column, we are reprinting a blog posting from Marshal Cohen, Chief Industry Analyst for NPD Group. The original post ran here. That’s right. Despite the surge of online and Thanksgiving Day in-store sales, combined with the less-than-stellar Friday in-store sales, retailers got the …
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ACCESSORIES COUNCIL HOSTS FIRST ANNUAL ‘BEADS OF LOVE’ EVENT
The Accessories Council is set to host its first annual AC Cares/Beads of Love event tomorrow at the 92Y in New York City, aimed at helping children bead necklaces for their parents and caregivers. Beads of Love is one of several initiatives that falls under the AC Cares event …
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FASHION EXHIBIT: ‘MEAGAN CIGNOLI FILM ‘THE MILLINER’
If holiday travels find you in Atlanta, be sure to take in “The Milliner” at the SCAD FASH Museum of Fashion + Film. Commissioned by the museum, the film offers a short cinematic history of hats, their evolution and the considerations of modern hat makers as they reinterpret the form. …
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Rickmers denies scrapping of seven-year-old containership
Various news outlets reported last week the containership owner and lessor Rickmers Maritime had sold the 4,250-TEU vessel India Rickmers for scrap, but the company said in a statement no sale has been concluded.
Freight Rate Roundup: Maersk, MSC, CMA CGM, Hapag-Lloyd, Hamburg-Süd and MOL
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd, Hamburg Süd and MOL announced freight rate changes.
Hamburg Süd rumored to be put up for sale
Several media outlets reported that owners of the Oetker Group, the conglomerate that owns Hamburg Süd, will meet this week to discuss the future of the German ocean carrier.
Transplace expands presence in Canada with purchase of Lakeside Logistics
Frisco, Texas-based Transplace, a provider of transportation management services and logistics technology, has acquired Oakville, Ontario-based Lakeside Logistics.