Troy Container Line names less-than-containerload documentation manager, while the Transportation Marketing & Sales Association picks Education Committee chairman.
FMC creates online registration renewal system for foreign-based NVOs
Starting Aug. 3, foreign-based non-vessel operators currently registered with the U.S. Federal Maritime Commission will receive an email alerting them of their upcoming renewal dates and how to renew their registration using the online filing system.
Hapag-Lloyd posts $110.9m loss in Q2
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.
INTTRA: Transaction volumes are surpassing container growth
The ocean shipping e-commerce platform saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.
NEWS FLASH: Warburg Pincus invests $255m in BlueGrace
The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.
UPS Worldwide Express Freight expands network
The service, which is designed for urgent, time-sensitive and high value international heavyweight shipments over 150 pounds, is now offered to 66 origin and 64 destination countries and territories.
NEWS FLASH: El Faro’s ‘black box’ has been retrieved
The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
COACH BEATS PROFITS EXPECTATIONS; SALES SHY
With its release of fourth-quarter and full-year results, the Coach turnaround is well under way. Merchandise has been reworked, ads are repositioning the company, the Stuart Weitzman acquisition is adding to a luxury, multi-brand strategy, and the num…
GUEST EDITORIAL: 9 INVENTORY MISTAKES; 1 SOLUTION
Managing excess accessory inventory is a challenge for even the most efficient companies. Overage issues can drain profitability and take your focus away from core business priorities. When faced with excess inventory, many accessory companies try the following common—though misguided—strategies. Do nothing It’s easy to put off decisions about what …
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Commerce sets duties for hot-rolled steel imports
The U.S. Commerce Department has made its final determination for antidumping duties on hot-rolled steel products from Australia, Brazil, Japan, South Korea, the Netherlands, Turkey and the United Kingdom.