Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.
Port of Melbourne worth up to $6b, Andrews says
Premier of Victoria, Australia Daniel Andrews said the state is “very confident” the winning bid for a 50-year lease to operate the Port of Melbourne, which is valued between $4 billion and $6 billion, will exceed the book price.
Nordana’s project cargo business becomes part of Rickmers
Hamburg, Germany-based Rickmers-Linie, has taken over the activities of tramp and chartering specialist Nordana Project & Chartering, which has offices in Copenhagen, Bangkok, Singapore and Houston.
Executive Moves: Unicon Logistics and Kalmar
Unicon Logistics names VP of logistical services, while Kalmar, a subsidiary of cargo-handling equipment manufacturer Cargotec, appoints new president.
S.C. attracts Chinese fiberglass manufacturer
China Jushi, a manufactuerer of fiberglass products, is investing $300 million to establish a new plant in central South Carolina, which will move products internationally through the Port of Charleston.
LTL carriers using dimension equipment for costing, not pricing
SMC³ CEO Andrew Slusher told American Shipper Tuesday that less-than-truckload carriers have a difficult time converting shippers from class to density-based pricing.
Commentary: Anti-trade tone worries emerging countries
The anti-globalization and anti-trade rhetoric of the U.S. presidential election has become a primary economic threat to emerging countries, according to Bloomberg’s Mohamed A. El-Erian .
ITEM OF THE DAY: A TO Z GREEK
Just because hot weather has kicked into gear and it’s essentially Summer in the City, don’t think we’re not still pining away for those Santorini shores! Luckily, handbag line A to Z Greek will get us one step closer to that Greek Isles beach vacation (in our dreams, at least). …
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WHAT TO EXPECT FROM KORS’ EARNINGS TOMORROW
Michael Kors is the stock the industry continues to watch very, very closely. Its retail sales can indicate what’s happening across the retail market in general, especially for handbags and watches. In addition, as department stores drop/add Kors merchandise, which takes up hefty retail floor space, it opens/closes wholesale opportunities …
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EXPERT: AMERICA@250, WHAT WILL RETAILING BE LIKE IN 2026, AMERICA’S 250TH BIRTHDAY?
America@250, a multiyear research initiative and national dialogue launched by A.T. Kearney, looks ahead to what America may be like in 2026, when the nation will celebrate its 250th birthday. Below, Robin Lewis and Michael Dart discuss what retailing might look like in 2026. Reprinted from The Robin Report. A …
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