The international financial institution lowered its outlook for global growth as business spending sags in advanced economies, while commodity exporters in emerging markets struggle to adjust to low prices.
XPO opens pallet distribution hub, acquires natural gas tractors
The third-party logistics provider acquired natural gas tractors and opened a pallet distribution hub outside Paris.
Yilport to acquire chemicals port company
Turkish port operator Yilport Holdings AS is acquiring chemicals and petrochemicals storage and port company Solventas for over $200 million.
Brazil’s chicken producers stop buying U.S. corn
The South American nation’s chicken producers have not purchased any corn from the United States so far this year over concerns that Brazil’s stringent regulations on genetically modified organisms threaten to hold up shipments.
Footwear industries call for regulatory harmonization
Trade associations on both sides of the Atlantic urged duty-free treatment for footwear and other steps to make it easier to sell shoes between the United States and the European Union.
TOP FOOTWEAR ASSOCIATIONS CALL FOR CHANGE IN INTERNATIONAL TRADE REGULATIONS
This morning, common interests in the footwear industry crossed international borders in a joint statement issued to U.S. and European governments by the American Apparel & Footwear Association (AAFA), the European Confederation of the Footwear Industry (CEC), and Footwear Distributors and Retailers of America (FDRA). Together, the associations called upon …
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BACK TO SCHOOL RETAIL SALES PREDICTED TO INCREASE IN 2016
While kids from coast to coast may dread the end of summer, come the July and August back to school shopping season retailers will have something to celebrate. eMarketer is reporting an expected 2.6% growth from last year in their latest retail and eco…
FERRAGAMO MUSEUM EXHIBITION EXPLORES THE INTERPLAY BETWEEN ART AND FASHION
Is fashion art? This might be a rhetorical question, what with all the blockbuster fashion exhibitions at the Metropolitan Museum of Art, but we’re always up for the debate. The Museo Salvatore Ferragamo in Florence, Italy, is the latest to tackle this question. ‘Across Art and Fashion’ (Tra Arte e …
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NRF: U.S. container import volumes to remain ‘sparse’ in 2016
Ports covered by the Global Port Tracker report handled 1.44 million TEUs in April, up 9.1 percent from March but down 4.6 percent from April 2015, according to the National Retail Federation and Hackett Associates.
Suez extends rate reduction in advance of Panama Canal opening
The Suez Canal Authority has begun granting a 65 percent discount on tolls for all containerships sailing from East Coast North America ports south of Norfolk to Asian ports and 45 percent reduction from Port of Norfolk and north.