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SHIPPING: Strike fallout, shakeup in retail outlook contribute to slowdown.
Slowdown in retail orders has put the brakes on the traditionally active holiday season for cargo movers.
Hanjin Shipping Co. Ltd. filed for bankruptcy protection Wednesday after negotiations with creditors failed, sinking the seventh-largest cargo container carrier in the world and one of the largest shippers at the Port of Long Beach.
SHIPPING: Bankruptcy of Hanjin could hurt tide of cargo at Long Beach port.
Embattled South Korean cargo container carrier Hanjin Shipping Co. Ltd. should soon know whether it will avoid bankruptcy as it approaches a Sept. 4 deadline for its $1.1 billion liquidity plan.
The passage this week of Senate Bill 32 to implement stricter greenhouse gas emissions standards creates uncertainty for businesses and may lead to more businesses leaving California, said Dorothy Rothrock, president of the California Manufacturers & Technology Association.
Caltrans reopened the 15 Freeway in both directions Thursday morning, two days after wildfires closed the major shipping corridor through the Cajon Pass, but some train routes were still delayed.
Container volume at the Port of Long Beach declined by 7.7 percent in July compared to the same month in 2015.
INTERNET: Stamps.com’s acquisitions continue to deliver for shareholders.
Stamps.com pursues package deals with the acquisition of shipping services.
CEO Isaac Larian is game for more time in court to protect MGA’s line of Bratz dolls from Mattel
MGA’s Isaac Larian reveals how a dishwashing job played into his toymaking career.
Google sees big office space opportunity in former residence of Spruce Goose
Google advances plans to relaunch the former Spruce Goose hangar as a massive office space.
TRANSIT: New venture to allow customers to order rides in Tesla’s Model X.
A new vehicle-sharing service is being launched to fight traffic congestion on L.A. roads.
BNSF Railway Co. said yesterday it will appeal a judge’s decision against the company’s $500 million project to expand a rail yard at the Port of Los Angeles.
The Long Beach Board of Harbor Commissioners will give $46.4 million to mitigate the impacts of the port-related air pollution in adjacent communities.
Tobacco company wedded to line of custom marriage- related smokes.
Custom Tobacco’s cigar rolling service is booming during summer wedding season.
El Segundo toy maker Mattel Inc. said today it won the toy license for the upcoming new “Jurassic World” film.
Duo pours themselves into developing unique take on Absolut Co.’s Our/Vodka.
Steven Ocheltree and Tyler Simmons seek to bottle L.A.’s spirit with their venture for Our/Vodka.