FedEx Express entered into an agreement with Korail Networks to utilize the Korea Train eXpress network to transport time-and temperature-sensitive healthcare shipments.
EDITOR’S BLOG: BLOOMINGDALE’S OUTLET TEAMS UP WITH MY SON’S ELEMENTARY SCHOOL
As the Editor-in-Chief of Accessories Magazine and a mom at New York City public school PS 87, it’s not every day that my professional and private worlds get to collide…but it’s a thrill when they do. This happened last night at Bloomingdale’s, The Outlet’s Upper West Side PS 87 Sip …
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IAC SETS DATES FOR THE 18TH FASHION + DESIGN CONFERENCE “PIONEERS”
Initiatives in Art & Culture (IAC) has set November 4 & 5, 2016 for its 18th Annual Fashion + Design Conference, entitled “Pioneers,” being held at The Graduate Center, City University of New York (365 Fifth Avenue). The two-day conference will feature presentations on creative design innovation, advancements in materials technology, and …
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Marten Transport reports Q3, first nine-month results
The Mondovi, Wis.-based temperature-sensitive truckload carrier posted a net income of $8.44 million for the third quarter of 2016 and $25.16 million for the first nine months of the year.
DHL Express opens $100m hub in Singapore
The Deutsche Post DHL Group subsidiary launched a new 23,600-square-meter automated parcel sorting and processing facility in the Changi Airfreight Centre at Singapore Changi Airport to serve as a 24-hour express hub for South Asia.
G&W Australia acquires Glencore Rail for $856m
Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed by Macquarie Infrastructure and Real Assets, the company said.
STX files for U.S. bankruptcy protection
Meanwhile, a judge in STX Offshore’s Korean bankruptcy proceedings has ordered the troubled shipbuilder to put its shipyard up for sale along with its profitable cruise ship subsidiary based in France, according to multiple media reports.
Judge Sherwood denies Ashley Furniture’s request to freeze payments it owes Hanjin
Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
Werner earnings decline continues in Q3
The transportation and logistics provider’s net income dropped 41 percent to $18.9 million compared with third quarter 2015 after a similar 43 percent year-over-year decline the previous quarter, according to the company’s most recent financial statements.
SCFI barely moves from last week
The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.