The German cargo airline has begun offering individuals the ability to directly ship oversize baggage and bulky items that need urgent delivery or special handling.
MACY’S BEATS ESTIMATES; ANNOUNCES 100 STORE CLOSINGS
Come early 2017, the Macy’s retail landscape is going to look quite different. The retailer just announced it will be closing 100–that’s 15%–of all its stores. The news came after Macy’s reported second quarter earnings, which were well received by Wall Street. Macy’s shares got a 16% surge in early …
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NEIMAN MARCUS, RON ROBINSON PARTNER WITH STORY ON ’90S RETRO POP-UP
Get ready to walk down Retro Road! New York’s ever-changing concept store Story has unveiled “Remember When,” an immersive retro experience that celebrates Nickelodeon’s iconic shows and memorable characters from the ‘90s, timed to the 25th anniversary of Nickelodeon animation. Open now until September 18, “Remember When” is the 31st …
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KOHL’S NARROWS LOSS IN Q2 REPORT
Kohl’s released its earnings and while the company admitted results fell below its own expectations, reaction on Wall Street caused shares to soar after the big-box retailer beat estimates for second-quarter revenue and profit. The chain’s stock surged 10% in pre-market trading to $41.83 after the company posted a 7.7% increase …
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COSCOCS completes Piraeus Port acquisition
China COSCO Shipping on Wednesday officially purchased a 51 percent stake in Greece’s largest port from the Hellenic Republic Asset Development Fund and will buy another 16 percent share within five years.
NRF: U.S. container import volumes to peak in August
Major container ports in the United States handled 1.63 million TEUs in June 2016, down 2.8 percent from May and 0.5 percent from June 2015, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
HHLA posts decline in EBIT, revenues
In addition, the logistics provider and container terminal operator’s container throughput was hindered by slower economic growth in China and lower feeder volumes for the Baltic Sea ports.
AES message helps shippers keep track of export license values
The U.S. Commerce Department’s Bureau of Industry and Security, along with the U.S. Customs and Border Protection, have released a new function in the Automated Export System that helps shippers keep track of their export license value thresholds.
CSX train derails in Falmouth, Ky.
Twenty-four of the train’s 125 freight rail cars, some of which were carrying hazardous materials, derailed at around 10:40 a.m. local time yesterday en route from Cincinnati, Ohio to Atlanta, Ga., the Class I railroad said in a customer advisory.
AIIS: U.S. steel exports fall 10.5% in first half 2016
Looking ahead, the American Institute for International Steel said that exports do not seem likely to substantially increase anytime soon.