Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
The latest development on the US west coast saw Oakland’s Outer Harbour Terminal, which recently had to say goodbye to terminal operator Ports America after it decided to consolidate its operations in the Los Angeles-Long Beach and Tacoma-Seattle port complexes, yesterday file for Chapter 11 bankruptcy. The port authority has responded with disappointment, with port director Chris Lyttle claiming an agreement existed for the two to explore other options. “They made a decision to close their business in Oakland. Since then, we’ve been negotiating with them in good faith for a smooth, orderly transition. It’s a shame they’ve taken this step” he said.
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