Risk/Compliance: Page 142

Japan's Three Largest Shippers to Merge Container Operations

Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha and Mitsui O.S.K. will combine their container operations to create a business worth about 300 billion yen, or $2.9 billion.

The three companies said they expected combining their fleets to save about ¥110 billion per year. The deal is expected to be complete by July 1, with operations beginning in April 2018. The companies’ bulk-shipping lines, which transport cargo like grain and iron ore, will remain independent.

Soybean Exports in 3Q Spark Best GDP Growth in Two Years

Gross domestic product increased at a 2.9 percent annual rate in the third quarter, the strongest since the third quarter of 2014 and beat economists' expectations for a 2.5 percent expansion pace.

soybean 1 2012 55198aaf3680b

Mondelez Recalls Oreo Fudge Cremes Due to Undeclared Milk Allergen

Mondelez has issued a nationwide voluntary recall in the United States of it original Oreo Fudge Cremes and mint flavored Oreo Fudge Cremes cookies due to milk allergen not being declared in the ingredient list.

One allergic reaction had been reported in the United States where the Oreo cookies were distributed.

Brexit Will 'Ruin' Food Industry in Ireland and UK

Former Ireland prime ministers John Bruton and Bertie Ahern warn a European Union committee about possible common external tariffs between Ireland and the UK.

“The inter-relationships are enormous. Tariffs could cripple a huge amount of the food industry; the bureaucracy would be enormous – the amount of people involved, the add-on costs of running that kind of system. My concern is people would start going elsewhere for markets and it would really work totally against the entire industry and that would be a huge loss,' said former Ireland prime minister Bertie Ahern.

Canada's TransForce Acquires XPO Logistics' Truckload Business for $558 Million

The deal transfers about 3,000 tractors, 7,500 trailers and 29 locations to TransForce, which is Canada’s largest trucking company and has expressed interest in expanding its U.S. truckload business.

XPO Logistics Truck 58135c423c916

Carbon Footprint

EPA, DOT Finalize Phase Two Greenhouse Gas and Fuel Efficiency Standards for Heavy-Duty Trucks

U.S. Environmental Protection Agency (EPA)

New standards address second-largest segment of U.S. transportation in terms of emissions and energy use.

The final standards are expected to lower CO2 emissions by approximately 1.1 billion metric tons, save vehicle owners fuel costs of about $170 billion, and reduce oil consumption by up to two billion barrels over the lifetime of the vehicles sold under the program.

Maryland Governor Pitches Plan to Deepen Howard Street Tunnel at Port of Baltimore

Although the newly deepened port of Baltimore is one of just a handful that can accommodate giant ships moving through the newly widened Panama Canal, the Howard Street Tunnel bottleneck limits how quickly cargo can move through the port.

The tunnel, dug in the 1890s, was built to accommodate trains of that era. It does not have enough clearance to allow the passage of double-stacked freight containers, so cargo coming out of the port moves at half the pace that it can leave other facilities.

Software & Technology

Survey Reveals Fleets Aren't Monitoring OBC Data to Identify Cost Savings

While 70 percent of industry professionals regularly monitor onboard computer (OBC) data for driver logs and dispatching, only 6 percent utilize it to gain insight on fuel consumption.

The survey also revealed that 33% of respondents cannot quantify operational savings using OBC reporting.

Otto and Budweiser Deliver First Shipment by Self-Driving Truck

Otto shipped a truckload of Budweiser from Fort Collins, Colo., to Colorado Springs last Thursday with the driver monitoring from the truck's sleeper berth for the entire two-hour journey.

Transportation experts predict the earliest applications of autonomous technology will be in self-driving trucks, not cars. The technology is best suited to the relative predictability of long hauls on highways, rather than busy city streets with many distractions.

Ocean Ports & Carriers

Egypt Changing Suez Canal Toll Payments to Compete with Panama Canal

Under the proposed early payment plan, Maersk Line, Mediterranean Shipping Co. and CMA CGM would receive a discount, potentially making the Suez route more attractive route than the Panama Canal.

Talks with Maersk, Geneva-based Mediterranean Shipping Co. (above) and France's CMA CGM were going well and an agreement to come into effect at the start of 2017 might be reached as early as next week

FDA’s New Food Recall Program SCORE Hits the Ground Running

Food & Drug Administration (FDA)

The FDA created a team of key senior leaders called SCORE to get involved with the most challenging recall situations, those complicated by issues as the nature of the product, the scope of available evidence, and the company’s response.

SCORE co-chairs William Correll (left) and Douglas Stearn (right), at a recent team meeting.

Carbon Footprint

Farm and Dairy Groups Call Dannon's Anti-GMO Pledge 'Marketing Fluff'

American Farm Bureau Federation

Dannon says its “pledge” to consumers commits the company to sustainable farming practices around its milk supply and includes the conversion of an estimated 80,000 acres of farmland to produce non-GMO livestock feed.

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