Online freight rate marketplace Freightos acquired air cargo management provider WebCargoNet, which will provide Freightos with a broader range of airfreight rates to complement its existing database of air and ocean rates.
DOT helps fund state tests to fuel Highway Trust Fund
The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the Fixing America’s Surface Transportation (FAST) Act.
NEWS FLASH: Hanjin files for court receivership
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
NORDSTROM TEAMS UP WITH J.CREW
Nordstrom is continuing its successful tactic of partnering with other retailers for in-store, limited collection. Starting September 12th,Nordstrom (select full-line stores and Nordstrom.com) will sell an edited collection of the J.Crew Collection. The assortment will include women’s apparel and accessories, with petites sold online only. The pieces will be merchandised …
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ABERCROMBIE CONTINUES ITS STRUGGLES; DECREASED TOURISM PARTLY TO BLAME
Ohio-based retailer Abercrombie & Fitch has reported negative second quarter results. The company’s GAAP net loss per diluted share for the quarter, which ended July 30, 2016, was $.019 per diluted share. Net sales were $783. 2 million, a decrease of 4 percent over last year, and comparable sales were …
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EXPERT: HOW TO SPOT FAKE ONLINE REVIEWS
Online reviews are key to the success of a company, as more and more consumers turn to those five yellow stars for input. But can those reviews really be trusted? Dealsplus reveals how to catch them. By Linsay Thomas If you’re on the fence about trying a new product or …
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Swedish conglomerate taps DHL for ocean freight
The New Wave Group, a wide-ranging manufacturer whose brands include Craft, Speedo, Pax, Ahead, Clique and Kosta Boda, signed an exclusive three-year contract with DHL Global Forwarding for ocean transportation.
Court dismisses suit against Waterfront Commission of New York
The 3rd U.S. Circuit Court of Appeals affirmed the dismissal of a federal complaint filed against the Waterfront Commission of New York Harbor over a hiring dispute.
California bans state funding of coal projects
Legislation signed last week by Gov. Jerry Brown may have dealt the final blow to a Port of Oakland plan to bring coal cargoes to its terminals by prohibiting the state from providing funds for such projects.
Drewry projects growth in the leased container equipment fleet will slow
Shipping research and consulting firm Drewry projects the global leased container equipment operating fleet will increase by a little more than 1 percent in 2016.