The fiscal year 2017 Energy & Water Development Appropriations bill was defeated in the House Thursday.
SGX in talks to purchase Baltic Exchange
The Baltic Exchange Ltd. entered into exclusive talks with the Singapore Exchange Ltd., following an “attractive” proposal from the Asian bourse.
Tulsa Port of Catoosa posts 23% surge in April volumes
The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.
NORDSTROM DROPPED MICHAEL KORS HANDBAGS IN HALF OF ITS STORES
The industry is buzzing about a report from Los Angeles investment firm Wedbush, which reportedly spoke to 112 managers in the United States and Canada and came to a startling (if not altogether surprising) conclusion: Almost half of Nordstrom departme…
RIHANNA COLLABORATES WITH DIOR ON SUNGLASS
A picture is worth a thousand words. Or in Rihanna’s case, a thousand and five. Just eight hours after posting the news on Instagram that pop star Rihanna has collaborated on a sunglass (called the “Rihanna” of course), the pic had 105K likes. A sunny start indeed. The star designed …
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J. CREW NARROWS LOSS IN Q1
As mostly poor first-quarter retail earnings continue to roll in, J. Crew follows suit with its own news, albeit a narrowed loss from the same period last year. In the quarter ended April 30, 2016: Total revenues decreased 3% to $567.5 million, hurt by…
Alibaba Affiliate prompts SEC probe
Cainiao Smart Logistics Network Ltd., 47 percent-owned by Alibaba, is stirring questions from U.S. regulators
Maersk launches new Asia-Latin America loop
The Danish ocean carrier will commence its AC1 service at the end of June, connecting Asia with the West Coast of Latin America.
MIA, Brussels form pharma airport alliance
The Pharma Aero alliance, unveiled at the TIACA Executive Summit in Hollywood, Fla. yesterday, aims to build a network of international cargo hubs dedicated to growing the $300 billion pharmaceutical industry.
DB Schenker opens logistics center in Dubai
The third-party logistics provider opened a logistics center in Dubai Logistics City, featuring a warehouse space of 7,200 square meters.