3PL/4PL: Page 89

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.

Ocean Ports & Carriers

Georgia and South Carolina Ports Authorities Partner on Ocean Terminal

Georgia Ports Authority

The updated agreement outlines the development of terminal design and infrastructure, plans for financing and execution of the operational decisions during the permitting process.

The South Carolina State Ports Authority and the Georgia Ports Authority will jointly own and operate the terminal, which will be located in Jasper County near the entrance of the Savannah Harbor.

Candy Maker Terrafina Taps Cargo Chief To Find Hidden Transport Capacity

Cargo Chief uses patented, proprietary aggregation and machine learning technology to find inefficiencies in the transportation process and source thousands of loads from shippers on a daily basis.

Ocean Ports & Carriers

U.S. Ports Post Big Decline In September And October

For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp.

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KFC Partners With DoorDash On Home Delivery

KFC is just DoorDash’s latest national partner and they follow on the heels of other brands like 7-Eleven and Taco Bell who have chosen DoorDash to help them launch their delivery services.

KFC has signed an agreement with DoorDash, the home delivery service, launching today in the San Francisco Bay Area, Los Angeles and Orange County, and expanding to other cities in the months to come.

Burger Chain Sues DoorDash For Delivering Food Without Permission

The fast-food chain is concerned about how DoorDash delivers its products, noting that it has no control over how much time it takes DoorDash drivers to deliver the meals, the temperature of food during delivery or the overall food handling and safety.

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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.

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.

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.

Target Struggles With Food Supply Chain, Considers New Partnerships

Target Corporation

The potential shift to relying on outside partners comes as Target pushes to revamp its food business with newer offerings and aims to get a bigger slice of online grocery sales, which will put new pressures on its food supply chain.

In a move designed to reflect the changing tastes of Americans looking for healthier options, packaged and processed foods will get less optimal shelf space and promotional signage in its grocery aisles in favor of fresh food items.

Logistics Mergers Let Up Following A Busy Year For Consolidations

This year is on pace to be the sector’s most active since 2006, measured by its total deal value of $97.9 billion.

The Florida Produce facility is expected to store food, drinking water, liquor, telecommunications equipment, building equipment, restaurant equipment and agricultural equipment. It will also serve as a physical location, which will enable the direct transfer of title and goods once paid, as permitted under the newly expanded guidelines.

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