Although the U.S.-flag Great Lakes freighters carried more iron ore and grain during the month, in comparison to April 2015, the freighters shipped less coal, limestone, cement and salt.
SingPost reports record profits in fiscal 2015/16
The national mail carrier of Singapore and budding third-party logistics provider’s full-year net profit soared 57.9 percent to $248.9 million Singapore (U.S. $ 181.45 million) thanks to one-time divestment gains.
Item of the Day: Goldhenn Jewelry
Jewelry maker Meaghan Hennelly has a profound perspective on accessories. For her, life should be about celebrating the “luxury of imperfection,” which is what she wants to convey through her jewelry brand, Goldhenn (pronounced like the word “golden”). “Much like a gemstone’s journey to the surface of the earth–mined, honed, faceted and polished–we (humans), too, […]
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Macy’s Outlines Turnaround Strategy Amid Q1 Drop
Macy’s outlined three areas of action designed to improve its business in 2016, including adding new in-store shops of its Bluemercury and Backstage businesses and selling more exclusive and unusual merchandise. As first quarter results proved, the national retailer continues to struggle with a disappointing financial picture, caused in part …
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Great American Group & Tiger Capital to Assist in Aeropostale Closings
Advisory and valuation service company Great American Group and capital infusion company Tiger Capital Group have partnered with Aéropostale, Inc. to facilitate the orderly closure of 113 of its stores and factory outlets across the U.S. These are the same closures reported in conjunction with Aéropostale’s voluntary Chapter 11 filings. …
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Kohl’s Reports Weak Q1 Results
Kohl’s Corporation today reported its first quarter results for the quarter ended April 30, 2016. Q1 sales were $3.972 billion (down 3.7% from 2015’s $4.123 billion in the same period). Q1 sales comps were down 3.9% over the same period last year. This is significant dip, as 2015 Q1 comps …
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Check out Sleeping Beauty’s Newest Style
Filmmakers and costume designers continue to have fun with our favorite fairy tales, twisting and turning them in various directions. “The Curse of Sleeping Beauty” opening May 13th takes the Brother’s Grimm tale down a dark path, but still seems to have enough fashion and flair to inspire us fashionistas. …
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DSV posts flat operating profit in Q1 2016
The Danish global transport and logistics provider reported an operating profit of 643 million Danish krone (U.S. $98.59 million) for the quarter compared with first quarter 2015 as it continues to integrate the newly acquired business of UTi Worldwide.
Report: Kessler to stay with Cargomatic
Jonathan Kessler, co-founder of the truckload capacity marketplace, often referred to as the “Uber of trucking,” will remain with Cargomatic as chief product officer despite stepping down as CEO, according to a report from DC Velocity.
IAG Cargo shakes up presence in Middle East
The airfreight carrier will split two Middle Eastern routes, allowing customers to benefit from 83 percent additional capacity for the region.