The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.
HIKITAG AND INSTANTLUXE.COM COLLABORATE IN ORDER TO PREVENT ONLINE COUNTERFEIT SALES
Counterfeit products are a problem for consumers, designers and retailers alike. E-commerce companies like Alibaba have reported that they lose perhaps five customers for every one counterfeit item sold. Recently Michael Kors demanded that Alibaba be banned from the International AntiCounterfeiting Coalition because of the damage it was causing. “Alibaba has …
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JUNE 23RD MARKS THE 8TH ANNUAL HAT DAY IN THE SUN
The Headwear Association has announced a date and nationwide locations for its eighth annual Hat Day in the Sun. Thursday, June 23rd will mark the day when hat companies will team up with local retailers in cities nationwide to promote skin cancer awar…
Report: CMA CGM to sell container trucking specialist
French trucking operator Jacky Perrenot will acquire the container transportation activities of CMA CGM subsidiary Greenmodal Transport, according to a report from Lloyd’s Loading List.
ShipX rebrands to FreightorGator
The online freight exchange has been rebranded to become FreightorGator, offering a new way to compare rates, book and track shipments.
UK Royal Mail acquires Spanish parcel carrier
The national postal carrier’s logistics subsidiary, General Logistics Systems, will pay a total of 71 million euros to acquire ASM Transporte Urgente, Spain’s second largest express parcel network.
Seaspan CEO: Seoul should ‘stand firm behind Hanjin Shipping right away’
The South Korean government needs to do more to help its struggling shipping sector, Gerry Wang, founder and chief executive of containership lessor Seaspan, said in an interview with maritime news outlet Splash 24/7.
European airports post May cargo volumes
While various airports in England experienced year-over-year cargo throughout increases in May, cargo throughput at the Frankfurt Airport in Germany fell 1.3 percent year-over-year.
MercuryGate inegrates with Norfolk Southern intermodal portal
The transportation management software provider completed an integration partnership with Thoroughbred Direct Intermodal Services, Inc., a wholly owned subsidiary of Norfolk Southern Railroad.
HMM continues to receive customer support
The South Korean ocean carrier has continued to receive good support from its customers as it restructures its finances.