Effective tomorrow, filers must file entries for cargo release and corresponding entry summaries for quota merchandise.
Union Pacific’s Q2 net income plunges 19%
The Class I railroad’s net income and operating revenues fell 19 percent and 12 percent year-over-year, respectively, in Q2 2016, as the strong U.S. dollar on exports and weak demand for consumer goods continues to put strain on the company.
NRF: BACK-TO-SCHOOL AND COLLEGE SPENDING TO REACH $75.8 BILLION
With back-to-school spending on a “stock up” cycle rather than a “make do” cycle, the average family is expected to spend more freely on school and college supplies this year, according to the National Retail Federation’s annual survey conducted by Prosper Insights and Analytics, which surveyed 6,809 consumers about both …
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ROSS TO ADD 90 STORES
Discounters continue to expand. Ross Stores just announced it will be opening of 24 Ross Dress for Less® (“Ross”) and seven dd’s DISCOUNTS® stores across 15 different states in June and July. These new locations are part of the Company’s 2016 expansion plans to add approximately 70 Ross and 20 …
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THE DONEGER GROUP APPOINTS STUART GOLDBLATT FOR NEW SVP POSITION
Fashion and retail consulting company The Doneger Group recently appointed Stuart Goldblatt to the newly created position of Senior Vice President for Business Development. Through this position, Goldblatt will be working with the group’s senior executives in developing strategies for the company’s growth. He will be directly reporting to Abbey …
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Port of Philadelphia gains new CEO
The Philadelphia Regional Port Authority’s board of directors has named Jeff Theobald as its new chief executive officer, replacing James T. McDermott, Jr.
Port of Rotterdam’s volumes decline
The European port’s breakbulk segment posted higher volumes year-over-year in the first half of 2016, while the container, dry bulk and liquid bulk segments experienced declines.
FTR: June truck trailer orders lowest since 2009
United States truck trailer net orders totaled 11,900 units in June 2016, a 10 percent decrease from May and a 56 percent drop from the same 2015 period, according to freight transportation analyst FTR.
Fallout from Kazakhstan terror attacks could cause cargo delays
The recent killing of four people in Almaty, the country’s largest city, and resulting anti-terror campaign will likely result in heightened inspections and shipment delays, according to a recent client note from logistics management group Move One.
FedEx first U.S. airfreight carrier to Cuba
The U.S. Department of Transportation has granted FedEx’s uncontested application to the rights to operate a five-times-weekly freighter service between Miami, Fla. and the city of Matanzas in Cuba.