Transportation: Page 441

Groceries Delivered Direct To The Fridge When You’re Not Home? Test Begins In Sweden

The Swedish experiment is part of a global race aimed at solving one of the main headaches facing retailers and logistics companies from Amazon.com Inc. to United Parcel Service Inc.: elusive customers.

A Scandinavian courier company, PostNord AB, and supermarket chain, ICA AB, are testing a service to deliver groceries directly to the kitchen with about 20 households, promising that messengers will remove their shoes and unpack online deliveries, even when customers are away, according to The Wall Street Journal.

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Freight Executive Has Suggestions For Fulfilling Online Grocery Orders

Uber’s recent decision to end instant deliveries indicates that the company’s courier-provided meals posed a greater logistical challenge than the giant company anticipated.

If Uber couldn’t do it, it’s not hard to see why some of the other high-end courier startups like DoorDash and Instacart are struggling as well, according to Jaime Jimenez, CEO of freight-moving company iContainers.

Global Cold Chain To Grow 7% Annually Through 2020

The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.

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U.S. Lawmakers Pass Bill To Reduce Ports Backlog

According to AAPA President and CEO Kurt Nagle, among the most important aspects of this legislation is that it puts WRDA back on an every-two-year cycle, avoiding a backlog of projects and adopting policy changes to make the system work more efficiently.

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Lawmakers Maintain Provision For 34-Hour Driver Restart Period

Before approving the bill, lawmakers rejected, by a vote of 19-28, a bid by Rep. David Price (D-N.C.) to remove several policy riders he considers to be poison pills from the measure.

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Oil Price Reaches 7-Month High

Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production.

Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.

US Foods Inc. Raises $1.02 Billion In Public Offering

US Foods Holding Corp., the parent company of US Foods, Inc., announced the pricing of its initial public offering of 44,444,444 shares of common stock at an initial public offering price of $23.00 per share for a total offering size of $1,022,222,212.

US Foods Holding Corp., the parent company of US Foods, Inc., the Rosemont, Ill.-based nationwide foodservice distributor, has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.

China Approves CMA CGM Acquisition Of Neptune Orient Lines

The takeover offer worth $2.4 billion marks CMA CGM's biggest acquisition and comes as container lines seek to cope with a severe market downturn through greater scale.

CMA CGM has made a preliminary offer for Neptune Orient and is conducting due diligence, though it hasn’t been granted exclusivity, while discussions with Maersk are less advanced, people with knowledge of the matter said before Neptune Orient’s announcement.

Load/Truck Ratios, Fuel Prices Rise; Spot Rates Next

DAT Freight & Analytics

The load-to-truck ratio is a sensitive, real-time indicator of the balance between spot market demand and capacity. Changes in the ratio often signal impending changes in rates.

Load-to-truck ratios increased and diesel prices have been rising sharply—an indication that spot rates may pick up soon.

Coca-Cola Enterprises Shareholders Approve Transaction Creating World’s Largest Independent Bottler

Coca-Cola Company

After the closing of the transaction, Coca-Cola European Partners will be the world’s largest independent Coca-Cola bottler based on net sales.

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.

Cargo Railways Battle Amtrak Over Right To Go First

In December, the U.S. Surface Transportation Board said it is reviewing the existing rule and signaled that it is open to changing the current state of play.

For more than 40 years, Amtrak says it has had the right to go first under law, meaning freight railroads have to pull over their trains whenever possible to let a passenger train pass or hold their trains in a station to prioritize an Amtrak departure, except in emergencies.

Chilled Cargo Facility Coming To Port Of Savannah

Georgia Ports Authority

PortFresh Logistics has announced plans to build a 100,000 square-foot cold treatment facility dedicated to perishable cargoes imported through the Port of Savannah.

PortFresh’s state-of-the-art cold storage facility, on 20 acres of a 182-acre site, is specifically designed to allow multiple climate zones. Engineered to maintain cold chain integrity, the facility will ensure delivery of the freshest and safest produce from the port to the customer.

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