MARS Elects 2018 Officers

The Midwest Association of Rail Shippers (MARS) last week announced its newly elected slate of 2018 officers.

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Spot Load Posts, Capacity Hold Firm as Rates Continue Decline

Spot market truckload freight rates continued moving lower for the week ending Feb. 10, according to load board operator DAT Solutions, despite a slight increase in available freight and a drop in truck capacity.

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Big Data in Railroading Moves from Theory to Practice

It was a sunny mid-December day as academics, railroaders and data scientists filed into a basement theater on the University of Delaware’s campus. The group — nearly 200 people in all — assembled for the university’s fourth annual “Big Data in Railroad Maintenance Planning” conference in Newark, Delaware.

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How to Build an Intelligent Supply Chain

Building a cognitive system is not just about the software or tools in place, but also about the decisions made along the way.

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Spring Freight Season Signs: Where’s it Getting Hot and Where it’s Not

While spot market van rates have been in a slow decline for about seven weeks now, there are signs they could start to rebound soon.

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Taking Advantage of 2018 Truckload, Less-than-Truckload, and Intermodal Strategies

Learn more about what’s influencing your truckload, less-than-truckload, and Intermodal surface transportation strategies in 2018 and how to overcome the challenges.

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Gap lost 54% of its shoppers in one year

What’s more, almost four out of every 10 (38%) of the retailer’s lost customers shopped at Old Navy instead, according to research from 1010data.

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Sears buys more time to pay a $400M loan

An agreement between the ailing department store retailer and its lenders will kick a loan due next year out to mid-2019, easing some of the financial pressure on the company.

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Gander Mountain back from bankruptcy as ‘Gander Outdoors’

The company, acquired by Camping World in May, is opening new stores and rebranding under its new owner.

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Charming Charlie secures financing, plans reorganization

Charming Charlie has struck a deal with its lenders and private-equity backers to reorganize as it moves through the Chapter 11 process, lawyers for the Houston-based retailer said. The company expects to close around 100 underperforming stores in the reorganization, and it has secured two new loans from existing lenders to keep stores open and stocked.

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Dollar General Corp. plans to put a nearly 1 million-square-foot distribution center in Longview, Tenn.

Longview municipal leaders continue putting together the permits, variances and agreements needed to finalize bringing Dollar General Corp.’s next warehouse to the city.

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Overstock founder wants to ‘walk away,’ pursue blockchain opps

CEO Patrick Byrne hopes to walk away from the e-commerce business in favor of opportunities in cryptocurrency.

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Pier 1 plunges amid strong competition

The company is set on maintaining stores, which are pivotal to boosting sales in all channels, executives said.

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The Limited, Toys R Us and Gymboree among 11 retail bankruptcies impacting mall investors

Sears will sell its DieHard brand auto batteries and tires on Amazon, in an expanded partnership with the e-commerce company. Sears started selling its Kenmore appliances on Amazon earlier this year and rolled out a feature that lets appliance owners control their devices with voice commands via Amazon’s Alexa.

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Party City enters new market via acquisition

Party City Holdco Inc. has entered into an agreement to acquire the MG Novelty Corp. for approximately $5.5 million.

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Citi analysts: Walmart ’emerging as a true challenger to Amazon’

Despite the big-box retailer’s e-commerce growth, some argue Walmart is sitting on a massive liability — excess space.

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Bon-Ton misses $14M interest payment, restructuring could follow

S&P analysts downgraded the department store retailer to default levels, writing that a debt restructuring, either through bankruptcy or out of court, was “likely” in the near future.

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76% of online holiday shoppers headed to Amazon

The e-commerce giant is dominating this season thanks to free shipping perks and high conversion rates, according to CNBC’s All-America Economic Survey.

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Will Walmart woo holiday procrastinators with in-store pickup?

While the big-box retailer can’t compete with Amazon’s last-minute delivery, it does have one major advantage — over 4,750 stores. But is that enough?

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Costco keeps growing in-store, online sales

Costco is holding its own amid the rise in online retail, booking 10.3% same-store sales growth in the most recent quarter and enjoying a 90% membership renewal rate, the retailer reported. A same-day delivery deal with Instacart and a click-and-collect program available for select items also fueled a double-digit rise in e-commerce sales.

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Fresh Thyme to open 10 stores, expand into Pa. next year

Fresh Thyme Farmers Market will reportedly open 10 new stores next year, including the retailer’s first locations in Pennsylvania. The move marks a slowdown in new store openings for Fresh Thyme, which opened 20 stores this year, growing its roster to 66.

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Retailers see strong demand heading into the home stretch

The strong start to the holiday season has buoyed stock prices at retailers including Macy’s, Kohl’s and Gap, and merchants expect the momentum to continue into the final shopping weekend. “We know the vast majority of our customers are still shopping,” Walmart Chief Merchandising Officer Steve Bratspies said.

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Jet.com woos wealthier shoppers with new offerings

Walmart-owned e-commerce site Jet.com is transforming itself from a bulk seller of household goods to an online retailer of specialty goods including fashion and footwear. The site is aiming for more affluent consumers with offerings from brands acquired by Walmart, including Modcloth and Shoes.com.

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Data: Amazon.com has more than 300 US logistics facilities

Amazon.com has about 150 million square feet of warehouse space in 330 facilities across dozens of US states, and fulfillment centers account for most of that square footage, according to data from MWPVL International.

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Canadian online furniture distributor Article is doubling its warehouse space near Florida’s Port of Jacksonville.

A Canadian company that sells online furniture wants to set up a North Jacksonville distribution center at Imeson Industrial Park that could start in January with 10 employees and grow to more than 100 in five years.

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Bankrupt Toys ‘R’ Us Weighs Closing at Least 100 Stores

Toys ‘R’ Us Inc. may close up to 100 U.S. stores in the face of weak holiday sales.

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Is Lidl slowing its pace of US store openings?

German discount grocer Lidl has slowed its expansion in the US, with plans to put the opening of its second New Jersey store on hold and the cancellation of some store openings in Virginia, Pennsylvania, and Ohio, according to reports. Lidl opened its first US store in June to much fanfare, but traffic to the stores has since slowed, experts said.

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Mills Fleet Farm distribution center opening on fast track in Chippewa Falls

Midwest U.S. retail chain Mills Fleet Farm will open a 1.1 million-square-foot distribution center in Chippewa Falls, Wis., operated by DHL Supply Chain.

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A large Macy’s Inc. fulfillment center outside Tulsa, Okla., tripled its staffing for the holidays.

Macy’s Fulfillment Center in Owasso has hit its peak season, and that means bringing on extra hands to help with the additional holiday shipments.

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Target to pay $550M for grocery-delivery startup Shipt

Moving to compete with Amazon and Walmart, Target has agreed to pay $550 million for grocery-delivery startup Shipt. Target said that by early 2018, the deal will allow about half its stores to provide same-day grocery delivery.

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