On Friday, August 12, the Obama Administration submitted a draft statement of administrative action (SAA) on the Trans-Pacific Partnership (TPP) to the Congress. The move is the latest step that needs to be taken to comply with the terms and timeline o…
JCPENNEY NARROWS LOSS; FOOTWEAR & HANDBAGS STAR
J. C. Penney Company, Inc. announced financial results for its second quarter ended July 30, 2016. While delivering a smaller-than-expected loss (a 52% improvement in net loss over the prior year to $(56) million or $(0.18) per share), earnings still fell short of expectations. Comparable sales increased 2.2 % for …
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A FEW THINGS TO KNOW ABOUT THE UPCOMING MAGIC SHOW IN VEGAS
Heading to Vegas for MAGIC Aug 15 through 17? A few things to mark on your calendar to check out in between shopping the aisles: ‘HOLD ON’ FOR WILSON PHILLIPS On Monday, August 15th, the beloved vocal group will perform during FN PLATFORM’s opening night party in the FN Café …
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NORDSTROM CRUSHES EARNINGS; STOCKS SURGE
Nordstrom released its second quarter earnings, beating analyst expectations. Highlights included unadjusted earnings of $0.67 per share against analyst expectations of $0.57 a share. Total company net sales decreased 0.2%, revenue fell just a bit short at $3.65 billion versus projections of $3.68 billion. Comp sales fell -1.2%, but that was …
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DILLARDS RELEASES EARNINGS; BEATS ESTIMATES
Dillard’s released its earnings results yesterday, beating estimates. Dillard’s reported net income for the 13 weeks ended July 30, 2016 of $12.1 million, or $0.35 per share, compared to net income of $29.9 million, or $0.75 per share, for the prior year second quarter. This beat the Thomson Reuters’ consensus estimate …
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CSX selects Indiana site for industrial development
The Class I railway’s Site Select program identifies development-ready properties along the CSX network where zoning requirements and due diligence have already been taken care of in order to help manufacturers speed the occupation process.
AAR challenges STB on-time performance ruling
The Association of American Railroads has petitioned the U.S. Court of Appeals for the District of Columbia Circuit to review a recent Surface Transportation Board final rule that defines on-time performance for railroads.
Maersk Line reports drastic loss in Q2
Meanwhile, the A.P. Møller – Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
C.H. Robinson releases new app to arm small carriers with tech tools
The freight broker and third-party logistics provider spent a year developing the app, called Navisphere Carrier, replacing the company’s previous CHRWTrucks version.
U.S. import, export price indexes see monthly increases in July
However, over the past year, the prices for U.S. agricultural exports have slipped 2.6 percent, primarily due to the falling prices of nuts, wheat and corn.