A Goldman Sachs study shows U.K. trade volumes are roughly 15% lower than in comparable countries since Brexit. (MarketWatch)
The U.S. seized a Venezuelan-owned 747 freighter with ties to Iran’s Islamic Revolutionary Guard Corps that had been grounded in Argentina. (WSJ)
Apparel retailer Express is preparing for a debt restructuring that could include filing for bankruptcy within weeks. (WSJ)
Specialty retailer The Children’s Place will consider strategic alternatives if it can’t find new financing to shore up its depleted funds. (MarketWatch)
London-based retailer The Body Shop is preparing to enter administration in a move that will trigger job losses and store closures. (The Guardian)
Discount retailer Big Lots is seeking new financing as it grapples with years of losses and dwindling liquidity. (Bloomberg)
Many shipping companies are still avoiding the Red Sea even as allied air strikes reduce the risk of attacks by Yemen’s Houthi rebels. (Financial Times)
A Greek-owned bulk vessel was hit by two missiles in waters between Yemen and Djibouti. (ShippingWatch)
Dubai airport cargo handler Dnata suspended inbound freight flows for two days amid a surge in shipments. (The Loadstar)
A former employee shot dead the head of a Greek shipping company and two others at the firm's office south of Athens before killing himself. (Reuters)
Angela Chao, CEO of shipping’s Foremost Group and sister of former Transportation Secretary Elaine Chao, died in a car accident. (TradeWinds)
Whirlpool expects to cut its appliance manufacturing and supply chain costs by up to $200 million this year. (Supply Chain Dive)
The Chicago suburb of Deerfield, Ill., is moving to ban new warehouses and freight terminals. (Chicago Tribune)
South Korea’s CJ Logistics is accelerating a global expansion effort with plans to add three distribution centers in the U.S. (Korea Herald)
New York City officials plan to turn six waterfront locations into maritime shipping hubs to handle booming e-commerce deliveries. (Gothamist)
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