Risk/Compliance: Page 211

Spot Truckload Market: Reefer, Van Volume Grows

DAT Freight & Analytics

The national average spot refrigerated freight rate was unchanged at $1.94 per mile as a 1-cent increase in the line-haul rate was offset by a 1-cent decline in the average fuel surcharge.

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Consumer Watchdog Sues Cheerios Over Cheerios Protein Claim

Center for Science in the Public Interest (CSPI)

The suit alleges that General Mills falsely markets Cheerios Protein as a high-protein alternative to Cheerios, when in fact the main thing that distinguishes Cheerios Protein from Cheerios is that the former has 17 times as much sugar.

The nonprofit Center for Science in the Public Interest and private law firms filed the suit charging that General Mills falsely markets Cheerios Protein as a high-protein alternative to Cheerios, when in fact the main thing that distinguishes Cheerios Protein from Cheerios is that the former has 17 times as much sugar.

States Race To Deepen U.S. Ports, Anticipating Panama Canal Boom

At least four ports in Florida, Georgia and Texas have decided to foot the bill to deepen federal waterways, a total of almost half a billion dollars, rather than wait years for funds.

This project involves dredging as needed within the existing 40-foot Delaware River federal navigation channel to deepen it to 45 feet from Philadelphia Harbor, Pa. and Beckett Street Terminal, Camden, N.J. along a 102.5-mile distance to deep water in the Delaware Bay.

Kroger Co. to Acquire Roundy’s Inc. For $800 Million

Roundy's brings to Kroger an expanded footprint with a complementary base of 151 stores and 101 pharmacies in new geographies including Milwaukee, Madison and Northern Wisconsin, which are served under the Pick 'n Save, Copps and Metro Market banners.

The Kroger Co. and Roundy's, Inc. announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash, estimated at around $800 million.

Congress Considers Lowering Truck Driving Age To Under 21

In the coming weeks, House and Senate negotiators will be hashing out their differences on federal trucking policy, grappling with everything from driver drug testing to ways of dividing grant dollars.

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Molson Coors Brewing Co. Nears $12 Billion Deal

AB InBev needed to find a buyer for SABMiller’s MillerCoors stake before moving forward with a final offer so that it could improve its odds of winning regulatory approval in the U.S., where it has a 45 percent market share and MillerCoors has 25 percent.

Molson Coors Brewing Co. is nearing a deal to buy the rest of the MillerCoors LLC U.S. joint venture in a $12 billion deal that would pave the way for SABMiller PLC to cement its blockbuster sale to Anheuser-Busch InBev NV.

Deliv Acquires Zipments To Grow Same-Day Delivery Service

The company recently launched in New York City, and by acquiring Zipments, Deliv can tap into the NYC-based startup’s driver network and its customer relationships, including startups Casper, Handy and Plated.

Headquartered in Menlo Park, Calif., Deliv works with to offer delivery through a network of independent contractors.

Fast Food Workers Stage Nationwide Walkout

Tens of thousands of workers and supporters were expected to take part in Tuesday's demonstrations, which began around dawn at McDonald's outlets in downtown Brooklyn, Boston and Philadelphia, among other locations.

The protests, which were scheduled to take place in 270 cities, mark the workers' largest show of force in the three years since they launched a series of rallies to call for higher pay and the right to unionize, according to Fight for $15, which represents the workers and is backed by the Service Employees International Union.

Rail & Intermodal

Canadian Pacific Railway Seeking To Acquire CSX Corp.?

Canadian Pacific Kansas City (CPKC)

A move for Norfolk Southern, the second-biggest railroad in the eastern U.S., would revive Canadian Pacific’s effort to build a transcontinental carrier after talks with CSX Corp. failed last year.

Canadian Pacific Railway Ltd., the second-biggest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry.

Food Safety Groups Criticize Trans Pacific Trade Pact

The TPP rapid response mechanism might give countries exporting food to the U.S. the right to challenge “even laboratory food safety testing and the new food import rules under the Food Safety Modernization Act.”

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European Union Okays Coca-Cola Enterprises Merger Plans To Create World’s Largest Independent Bottler

Coca-Cola Company

The combination with Coca-Cola Iberian Partners (CCIP) and the German bottling business of Coca-Cola would create the world's largest independent bottler of Coke drinks by net revenue, present in Spain, France and Britain and 10 other countries.

Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola Company, Sol Daurella, Executive Chairwoman of Coca-Cola Iberian Partners and John Brock, Chairman and Chief Executive Officer of Coca-Cola Enterprises, Inc. toast the creation of Coca-Cola European Partners.

Debate Boils Over Newly-Released Pacific Trade Pact Details

Key Republicans and major business groups long supportive of Obama’s trade policy reserved judgment until they could evaluate the agreement with constituents, industry groups and farmers.

The U.S. and 11 other nations in a sweeping Pacific trade agreement released the pact’s details Thursday, opening a battle over thousands of provisions that will help determine whether it wins congressional backing next year.

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