Transportation: Page 457

China Seeks To Strengthen Its Food Security With $43 Billion Syngenta Takeover Bid

The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year.

China, the world's largest agricultural market, is looking for ways to secure food supply for its population. Syngenta's portfolio of top-tier chemicals, fertilizers and patent-protected seed varieties will represent a major upgrade of its potential output.

PortMiami Prepares for Daily Shipping to Cuba

Interest in Cuba-bound ferries has been high enough that officials are looking for ways to create temporary terminals

Planning for a new passenger-and-cargo route to Cuba is detailed in hundreds of emails and internal documents obtained by The Miami Herald through Florida’s open-records laws.

Ocean Ports & Carriers

Oakland Port Terminal Files For Bankruptcy

In a Chapter 11 petition filed in U.S. Bankruptcy Court in Delaware, Outer Harbor Terminal, which operates part of the Oakland port, listed both assets and liabilities of between $100 million and $500 million.

Outer Harbor Terminal LLC, which operates part of the Oakland, Calif. port, filed for Chapter 11 bankruptcy protection on Monday, two weeks after terminating its lease held in a joint venture with Ports America.

Ocean Ports & Carriers

Traffic Delays Clog New York And New Jersey Port After Strike

International Longshoremen’s Association (ILA)

About 200 trucks were waiting in half-mile lines outside the gates of the Port Newark Container Terminal and Maher terminals on Monday.

With about 60,000 containers passing through the port’s terminals each week, even small delays can cost retailers, manufacturers and other importers thousands of dollars.

Tesco Probe Raises Concerns That Retailers Dominate Food Supply Chain

Tesco says it has mended its ways and Tacon acknowledges “improvements to its handling of payment disputes,” but the investigation has reignited concerns about the gulf that exists between retailers and their suppliers.

Christine Tacon, UK Groceries Code Adjudicator

Truck Drivers Sue Flowers Foods Inc. Over Independent Contractor Status

Several trucking companies operating at the ports of Los Angeles and Long Beach—including, most recently, three subsidiaries of XPO Logistics Inc. —are engaged in similar litigation with independent-operator drivers.

The lawsuits come as independent drivers in various sectors have successfully challenged their status in courts around the country.

Ocean Ports & Carriers

Striking Workers At Ports In New York And New Jersey To Return To Work

International Longshoremen’s Association (ILA)

The Port Authority of New York and New Jersey said Friday night that operations would resume and the International Longshoremen's Association told its members to return to work as it continues working on their concerns.

During the year, the port handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers), an increase of 10.4 percent over 2014 when the previous annual record was established.

DHL and Compass Group U.K. & Ireland Partner On Providing Catering Services

DHL will deliver end-to-end supply chain solutions, overseeing the flow of product and management of waste.

DHL and Compass Group U.K. & Ireland will partner on providing catering services to customers in the public sector, airline, rail and facilities management industries.

Maersk Line Launches Weekly Shipping Service Between Columbia And Northern Europe

A.P. Moller- Maersk

Using StarCare technology refrigerated containers, which are designed especially to carry bananas over longer distances (up to 45 days); Maersk Line is setting new standards within the containerized controlled atmosphere business.

MaerskLineship 563b80d653edc

Amazon Defends Rising Fulfillment Costs As Stock Price Tumbles

Some analysts were struggling to understand what they saw as lower profitably than they would like, including gross profit margin and rising fulfillment costs.

Brian Olsavsky, Amazon CFO, defended the company’s fulfillment business in a call with analysts following the company’s quarterly profit report Thursday, which was its largest ever but not big enough to meet investors’ expectations, according to Barrons.

CMA CGM Signs Cooperation Pact With Iran Shipping Lines

The agreement, signed during a goodwill visit to Paris by Iranian President Hassan Rouhani, covers capacity sharing, joint route operations, and cooperation in using port terminals, the French government said.

French firm CMA CGM, the world’s third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL), according to Maritime Executive.

Risk/Compliance

Cargo Thieves Plague California Nut Growers And Processors

Port of Los Angeles

Since last fall, truckloads of pistachios, almonds and walnuts have been misdirected and stolen in Madera, Kern, Fresno and Tulare counties.

Lipari Foods, LLC, of Warren, Mich., has issued a voluntary recall of various raw pistachio products packaged by sister company JLM due to potential Salmonella risk

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