Risk/Compliance: Page 167

Ocean Ports & Carriers

Panama Canal Expansion to Change Regional Shipping Networks

The Suez Canal may still have an advantage over the Panama Canal in terms of the time taken to transport cargo, especially with the recent news that it will be offering more competitive tolls for ships.

The opening of the expanded Panama Canal is likely to create a significant shift in regional shipping networks, particularly with regards to the size and frequency of ships coming into the US East and Gulf Coast ports.

GNP Company Recalls 55,608 Pounds of Chicken Over Foreign Material Contamination

The problem was discovered when the establishment notified FSIS that sand and black soil were found in some of their products. The source of the contamination is currently under investigation by the establishment and law enforcement.

poultry distribution line 56129adaaedac

E-Commerce Solutions

FAA Releases Drone Regulation; Amazon and Google to Deploy Drones Next Year

The use of drones for deliveries from companies like Amazon.com Inc. and Alphabet Inc., however, will require separate regulation.

Under the new rules, drone flights will be approved for agriculture, research and development, educational and academic use, and powerline, pipeline and antenna inspections. They will also be approved for aiding rescue operations, bridge inspections, aerial photography and wildlife nesting area evaluations.

Teasdale Foods Acquires Mesa Foods, Boosting its Hispanic Food Portfolio

Teasdale is a leading national provider of private label and branded Hispanic foods to the retail, food service and wholesale channels.

With the acquisition of Mesa, Teasdale is able to provide an entire suite of private label and branded Hispanic food products to a diverse customer base across a variety of channels including retail, food service, restaurants and wholesale.

Software & Technology

Walmart Sells Chinese E-Grocery Business to Rival JD.Com for 5% Stake

Wal-Mart's tie-up gives it access to JD.com's nationwide logistics and warehousing networks, as well as its over 150 million users, helping expand the U.S. firm's reach with China's increasingly tech-savvy middle class.

The sell-off, announced on Monday, is a significant shift for Wal-Mart in China, where it operates more than 400 brick-and-mortar stores.

North American Freight Shipments Continue to Struggle

Expenditures for freight fell for the third time in five months, according to the latest Cass Freight Index Report.

The measure for freight shipments rose 1.3 percent from the month before to a reading of 1.091, its highest level since November, but it’s down 5.8 percent from May a year ago. The gap from May 2014 is even larger, 7 percent, when the reading was at 1.173, one of its highest since the Great Recession.

Warehouse Costs Set to Rise; What Operators Can Do

By understanding the factors that will shape costs during the three years to 2019, warehouse operators can develop strategies to save money.

Wages are a key cost for warehousing providers, which require a significant amount of labor to handle and manage inventory.

KION Group to Acquire Dematic for $2.1 Billion

Dematic Corporation

KION GROUP will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic

After deductions for certain liabilities, the KION Group expects the purchase price for the shares to amount to approximately $2.1 billion USD, based on an enterprise value of Dematic of $3.25 billion.

Ocean Ports & Carriers

Ocean Carriers Support Terminal Weighing Approach For SOLAS Requirement

OCEMA applauded the efforts of the ports and marine terminal operators that have announced that they will provide VGM weighing services on behalf of U.S. exporters and encourages ports and terminals across the country to adopt similar approaches.

Under the OCEMA terminal weighing approach concept, U.S. ports and marine terminal operators could weigh containers moving through their truck gates and provide the gross container weights directly to ocean carrier stowage planners.

Ocean Ports & Carriers

Maersk Line: SOLAS VGM Rule Necessary But Will Be Bumpy

When analyzing root causes for such accidents, it is clear that significant vessel instability has been caused by actual weight exceeding the declared weight by several hundred percent. For a few containers this might not be an issue, he noted, but when it is the case for more of the cargo, the risk of major container stack collapses or a serious vessel accident increases significantly.

More Food Companies Recall Fresh And Frozen Foods Over Listeria

The frozen pea recalls appear to be unrelated to the massive recall by CRF Frozen Foods LLC in Pasco, Wash., which has recalled hundreds of products in connection with a Listeria monocytogenes outbreak.

Frozen Peas recall 5768110ca7fe2

Produce Industry Faces ‘Brain Drain’ With Food Safety Rules Ahead

United Fresh Produce Association

Looking ahead, Gombas said the biggest obstacle for the industry is fragmentation — the same challenge that has hurt the industry over the last decade.

David Gombas officially retired as senior vice president of food safety and technology for the United Fresh Produce Association as of June 1, but he is staying on until United Fresh names a replacement.

Page 167 of 434