Study shows the benefits of nighttime truck deliveries
A study that paid cash to city retailers to do their restocking late at night cut truck delivery times by up to 75 percent — and could pave the way to a less congested New York, said the report’s...
View ArticleRetailers try to lure late holiday shoppers with free shipping
The latest sign that retailers are desperate this Christmas: free shipping. Big chains industrywide are extending their deadlines for free shipping to the final days before Christmas as they scramble...
View ArticleFedex posts profit miss, offers holiday optimism
FedEx posted a 14 percent rise in quarterly profit on Wednesday on stronger margins and cost cuts, but results missed Wall Street estimates, which overshadowed the company’s confident forecast for the...
View ArticleNY shipping big set to lose 2nd company after default
One of New York’s biggest shipping tycoons is back in troubled waters. Peter Georgiopoulos, whose Genco Shipping & Trading operates a fleet of 53 tankers, missed a $3 million payment to its lenders...
View ArticleNY shipping tycoon to take second bankruptcy hit
New York shipping magnate Peter Georgiopoulos’ Genco Shipping & Trading is sunk, the Post has learned. The company, which operates a fleet of 53 tankers that typically carry coal, iron ore, grain...
View ArticleMacy’s battle for the ‘last mile’ leads to Amazon
Macy’s is expanding same-day delivery to several new US markets this summer, one of the most aggressive pushes by a brick-and-mortar retailer in an area dominated by e-commerce giant Amazon, according...
View ArticleCoast Guard says missing cargo ship sank, 1 body found
The cargo ship carrying 28 Americans that went missing in the Bermuda Triangle on Thursday is believed to have sunk after searchers found a body and two fields of floating debris nearby, authorities...
View ArticleThe mystery of El Faro: Search for answers in sinking of US cargo ship
JACKSONVILLE, Fla. — On board the 790-foot El Faro when it set out on its doomed voyage into the path of Hurricane Joaquin were five Polish workers whose job was to prepare the engine room for a...
View ArticleWreckage believed to be El Faro cargo ship located: feds
JACKSONVILLE, Fla. — The U.S. National Transportation Safety Board says in a statement that a search team has found the wreckage of a vessel believed to be the cargo ship El Faro, which went missing...
View ArticleRussian sailor lives up to stereotypes about Russian drinking
A Russian officer on watch drank half a liter of rum before a 7,000-ton cargo ship ran aground at full speed in west Scotland, an investigation has found. The Lysblink Seaways vessel was traveling from...
View ArticleFirst photos emerge of cargo ship that sank in hurricane
The haunting remains of a cargo ship that sank last year in the Bermuda Triangle during a deadly Category 4 hurricane were publicly seen Sunday for the first time, in images released by the federal...
View ArticleShipping ports shut down after longshoremen walk off job
A wildcat job action Friday morning by longshoremen at Port Newark/Port Elizabeth terminals due to an internal labor dispute led to a shutdown of trucking transportation into and out of the massive...
View ArticleBlame less trading for freight shipping’s harsh decline
In a sign that the global economy is cratering, the Baltic Dry Index — the main sea freight index, tracking rates for ships carrying dry bulk commodities — extended its record decline last week on...
View ArticleHonoring the New York architect of America’s clipper fleet
It took 134 years, but a heroic New Yorker is finally getting some overdue recognition: On Saturday, the National Maritime Historical Society will unveil a headstone at the grave of John Willis...
View ArticleTrio busted for peddling $1M worth of frozen eels
Three bandits were busted in Brooklyn’s Chinatown on Monday for swiping more than $1 million worth of frozen eels in a massive heist from a shipping terminal in Elizabeth, New Jersey, cops said. The...
View ArticleThere is a $14B problem bobbing in the ocean
The lead creditor bank for South Korea’s Hanjin Shipping Co. Ltd. said it will be difficult to accept a court request to provide the firm new funds — funds seen as vital to resolving the problem of...
View ArticleThe $14B ‘ghost fleet’ may cost you when you shop
The ghost fleet is threatening to jack up the prices of certain goods on US store shelves. American consumers can expect to pay more for a wide range of imported goods — from furniture and clothing to...
View ArticleApple’s ‘AirPods’ won’t be available for Christmas
Apple’s mysteriously delayed “AirPods” were finally available for Christmas orders on Tuesday — until they weren’t. The new, wireless version of Apple’s headphones popped up on Apple’s site Tuesday...
View ArticlePeople can’t stop stealing wooden pallets
People will steal anything — even those wooden pallets that shippers use and no one normally gives a second thought to. Craig Savell is a co-managing partner in Margolin, Winer and Evens, an accounting...
View ArticleStudy shows the benefits of nighttime truck deliveries
A study that paid cash to city retailers to do their restocking late at night cut truck delivery times by up to 75 percent — and could pave the way to a less congested New York, said the report’s...
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