Risk/Compliance: Page 209

Chipotle E. Coli Outbreak Spreads To Six States

Before the E. coli cases in Minnesota, New York, California and Ohio were added to the outbreak, officials from the CDC reported as many as 50 cases in just Oregon and Washington.

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FDA Approves Genetically Modified Salmon

Food & Drug Administration (FDA)

The FDA has approved AquaBounty Technologies’ application for AquAdvantage Salmon, an Atlantic salmon that reaches market size more quickly than non-GE farm-raised Atlantic salmon.

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Venture Group Launches Largest Food/Ag Fund, To Include Logistics

Areas of interest for S2G include soil health and sustainable land management; food logistics, including storage, distribution and transportation; and controlled-environment growing platforms and brands.

S2G, which is believed to be the largest fund for food and agriculture in the U.S., says its goal is 'to empower world-class entrepreneurs providing the healthy food consumers want.'

National Spot Truckload Rates Fall 2 Cents

DAT Freight & Analytics

The offsetting capacity gain and decline in available loads helped push national average spot market rates down 2 cents for van, refrigerated, and flatbed freight.

The number of available reefer loads increased 6.4 percent while truck capacity rose just 1.9 percent, which sent the load-to-truck ratio up 4.4 percent to 4.1 loads per truck.

Dematic Corp. to Acquire WES Provider Reddwerks Corp.

Dematic Corporation

The acquisition, which is subject to approval by Reddwerks’ shareholders and other customary closing conditions, will enhance Dematic’s existing software suite and deliver additional value to Dematic customer solutions.

Dematic Corp., a global supplier of integrated automated technology, software and services to optimize the supply chain, has agreed to acquire Reddwerks Corp., provider of warehouse execution software (WES) that gives customers real-time decision engines to optimize material and information flow in the supply chain.

Transportation Insight Acquires Parcel Logistics Provider BirdDog Solutions

Transportation Insight, LLC

The transaction advances Transportation Insight’s small package offering to a more robust suite of services that includes parcel logistics optimization, parcel auditing and advanced parcel analytics.

Transportation Insight, a global third-party logistics (3PL) provider, has acquired BirdDog Solutions, a provider of parcel logistics solutions in North America.

Papé Material Handling Acquires Johnson Lift, Will Represent Hyster In New Regions

This transaction allows Hyster Co. to maintain product availability and service for its customers, and will help Papé Material Handling grow its materials handling business.

Papé Material Handling, a division of The Papé Group has expanded its territory coverage with the acquisition of Johnson Lift, a division of Johnson Machinery Co. As a result, Papé Material Handling is now the authorized and exclusive Hyster dealer in those territories previously covered by Johnson Lift, including eight southern California counties, Yuma County in western Arizona and the Baja Norte region of Mexico.

E-Commerce Solutions

GoECart Satisfies Food and Beverage Industry’s Hearty Appetite for Unified Commerce

The GoECart 360 unified commerce suite provides a host of features that are a real coup for food and beverage retailers.

Risk/Compliance

Terror Attacks Bring Increased Scrutiny To Food Shipments In Europe

European businesses that have been used to an open border policy are expecting the slowdowns to increase as new border control measures are put in place.

With all the calls to dump the open border policy, multinational firms, in particular, could be vulnerable.

Rail & Intermodal

Canadian Pacific Railway Seeks Merger With Norfolk Southern

Canadian Pacific Kansas City (CPKC)

In announcing the merger, CP said it was confident it could satisfy the concerns of regulators on both sides of the border, adding the deal could create a company with the potential for faster earnings growth than either railway could achieve on its own.

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Triton Container International And TAL International Merge, Creating Largest Intermodal Freight Container Fleet

Under the terms of the transaction agreement, Triton and TAL International will combine under a newly-formed holding company, Triton International Limited, which will be domiciled in Bermuda and is expected to be listed on the New York Stock Exchange.

The transaction, which has been unanimously approved by the boards of directors of both companies, will create the world’s largest lessor of intermodal freight containers with a combined container fleet of nearly five million twenty-foot equivalent units (TEU) and revenue earning assets of $8.7 billion.

ConAgra Foods To Split Into Two Companies: ConAgra Brands And Lamb Weston

The consumer brands business will be renamed Conagra Brands, Inc. and the frozen potato business will operate under the Lamb Weston name.

Conagra Brands will be comprised primarily of the operations currently reported as the company’s consumer foods segment, which generated approximately $7.2 billion in fiscal 2015 revenues, as reported. The consumer foods segment consists of popular leading brands such as Marie Callender’s, Hunt’s, RO*TEL, Reddi-wip, Slim Jim, PAM, Chef Boyardee, Orville Redenbacher’s, P.F. Chang’s and Healthy Choice.

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