The Californian port said empty container volumes rose in July as shipping lines repositioned boxes to prepare for an anticipated uptick in peak-season cargo.
TAPA: Cargo theft surges in EMEA region
The Transported Asset Protection Association said truck heists are the leading cause of the recent surge in reported cargo crimes in Europe, the Middle East and Asia.
Helen Bentley, former U.S. representative and FMC chairwoman, dies at 92
A one-time newspaper reporter, Helen Delich Bentley was a strong advocate for the maritime industry, particularly the Port of Baltimore.
Ackman’s Pershing Square exits CP stake
Investment fund Pershing Square Capital Management, run by billionaire activist investor Bill Ackman, will sell its 9.8 million shares in Canadian Pacific Railway Ltd., the two companies said in separate statements.
LICENSING: BETESH GROUP ADDS KENSIE HANDBAGS
Handbag manufacturer The Betesh Group kicked off its latest license–Kensie–with a Market Week launch party in their showroom. Buyers got to see a broad array of styles and trends, including patchwork, 3D floral appliques, denim, ruffles, woven straw panels, statement/embellished straps and more. All bags are vegan leather and retail for under $100. …
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A TO Z: SOXLAND
Soxland International, founded in 1986, is a full-service hosiery company. Known for its house brands–Davco, Dr. Motion, Real Ugly Socks, Greenology and Larry Levine (licensed)–the offerings satisfy a diverse range of hosiery products from novelty to compression to DIY sock decorating kits. A large portion of the business is dedicated to …
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CEVA narrows EBIT loss in Q2 2016
The Hoofddorp, the Netherlands-based third-party logistics provider posted a second quarter loss before interest and taxes (EBIT) of $34 million compared with a $51 million loss the prior year, according to the company’s most recent financial statements.
DSV’s profits skyrocket thanks to UTi acquisition in January
The Danish global transport and logistics provider reported gross profits of 7.8 billion Danish krone on revenues of 32.9 billion Danish krone for the first half of 2016, year-over-year increases of 40.4 percent and 28 percent, respectively.
Seafrigo expands into South Florida
The Le Havre, France-based food logistics specialist will build and operate a 30,000-square-foot temperature controlled warehouse facility in the South Florida Logistics Center next to Miami International Airport and just 12 miles from PortMiami.
Lufthansa Cargo posts fifth straight quarterly loss
The German airline group’s logistics division reported a loss before interest and tax (EBIT) of 27 million euros in second quarter 2016 compared with a 68 million euro loss the previous year, according to the company’s most recent financial statements.