Archive for the ‘RETAIL’ Category

IMF Sees 2015 Global Economic Growth at Weakest Rate Since Financial Crisis

WASHINGTON—Global growth is set to slow this year to its weakest rate since the financial crisis, the International Monetary Fund said Thursday, as China and other emerging markets decelerate and advanced economies still struggle to shrug off the legacies of the crisis. (This article requires a subscription with The Wall Street Journal.  To access, please […]

DSME Workers Strike Over Unpaid Wages

A number of unionized workers at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) organized industrial action on Tuesday and Wednesday after the company missed a previously agreed deadline to pay KRW 20 billion (USD 17.7 million) of delayed wages, according to local media.

26th Annual State of Logistics Report: Freight moves the economy

In the best year for the freight transportation industry since the Great Recession, logistics managers chalk up efficiencies that drive further U.S. economic growth. However, capacity issues persist, causing shippers to worry about rate hikes as carriers continue to be meticulous in their partnerships.

Maersk Line Orders USD 1.1 Billion Worth of Boxships at HHI

Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each

US Shippers face higher rates from truck, warehouse capacity tightening

Don’t have time to rehash last year and want to know what’s in store for the next 18 months?  You’ve got freight to move, so here are the takeaways from the annual State of Logistics report released on Tuesday by the Council of Supply Chain Management Professionals and JOC.com reporting. (This article requires registration at […]

33-foot trailer amendment narrowly passes Senate Appropriations Committee

WASHINGTON — The Senate Appropriations Committee Thursday narrowly passed an amendment to the Senate version of the FY2016 Departments of Transportation and Housing and Urban Development appropriations bill that would allow twin 33-foot trailers on U.S. highways. The entire bill was approved and Senate to the full Senate.