Logistics News April 27, 2016

Hanjin to give up control in restructuring

Cargo Business News

Troubled Hanjin Shipping has asked creditors to assist with debt restructuring. Its application has included transfer of control over the shipping unit and will begin selling assets.

 

 

US trucking feeling the rate pinch in a down market

JOC

Trucking companies are facing similar pricing pressures as their ocean-going cousins, while customers reach for cost savings. The result can be strained relationships between the parties.

 

 

Conference Board expects 4% increase in furniture sales for 2017

Furniture Today

A slight rise in consumer confidence and continued low mortgage rates fuel a prediction that sales would grow similarly to 2016.

 

 

DC operations changing quickly, with technology leading the way

Wall Street Journal

E-commerce is complicating distribution networks, according to Zebra Technologies. More, smaller warehouses and faster, more accurate systems are some of the resulting trends.

 

 

Room Place DC destroyed by fire

Chicago Tribune

The retailer’s Woodridge, Il facility caught fire the afternoon of April 21. No one was injured. Management is looking for a temporary warehousing solution while seeking to fill customer orders.