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Transportation: Page 458
Software Solutions
Brazil’s iFood Buys Technology Of Now-Defunct SpoonRocket
iFoodDS
The company plans to use SpoonRocket’s robust logistics technology to optimize delivery time, enhance the restaurant-to-consumer experience, and continue its rapid expansion in Latin America and other emerging economies.
Warehousing
Drayage Provider Total Transportation Services Files For Bankruptcy
The company said in a court filing that "downward pricing pressure from some of its major clients over the past year" along with mounting costs of litigation with independent drivers had proven more than it could manage.
Cold Chain
VersaCold Logistics Services Acquires Coastal Pacific Xpress In Canada
VersaCold
The acquisition comes just one month after the announcement of VersaCold's acquisition of Gary Heer Transport and the launch of its newest subsidiary, VersaCold North America Transportation Solutions Limited (VNATS).
Ocean Ports & Carriers
Maersk Line To Boost Asia-To-Northern Europe Rates $400 Per TEU
A.P. Moller- Maersk
The increase would take rates up by 190 percent on the current level, which is widely seen as loss-making. The shipping company also aims to raise freight rates from Asia to ports in the Mediterranean by $500 TEU.
Transportation
U.S. Eases Restrictions on Travel To Cuba
The changes come days before Obama will land in Cuba, the first visit by a sitting American president in 88 years and a marquee element of his foreign policy.
Transportation
States To Consider Fuel Taxes To Offset Less Federal Support
States such as Washington are struggling to keep up with a growing population and aging infrastructure of roads, highways, and bridges.
Cold Chain
U.S. Gains Full Access For U.S. Beef and Beef Products to Peru
This agreement, reached during Secretary Vilsack's trade and investment mission to Peru, removes those barriers – called the export verification program – and assures American ranchers of expanded market access.
3PL/4PL
Canadian Pacific Railway Files Proxy Statement In Proposed Norfolk Southern Merger
Canadian Pacific Railway has filed a statement with the Securities and Exchange Commission that the shareholders request that the board of directors engage in good faith discussions with them regarding the proposed merger.
Rail & Intermodal
DOT Seeks Input On Sleep Apnea For Commercial Drivers
U.S. Department of Transportation’s Federal Railroad Administration (FRA)
The National Transportation Safety Board recommended that DOT take action to address OSA screening and treatment for transportation workers.
Ocean Ports & Carriers
Container Rates Fall To New Lows
An oversupply of massive new container ships serving the China-to-Europe routes has pushed smaller ships to the Atlantic Ocean and depressed rates between North America and Europe.
Transportation
Norfolk Southern Service Connects Port Of Charleston To Charlotte Intermodal Facility
Norfolk Southern Corp.
The new, two-day Norfolk Southern service will operate five days per week connecting Charleston and Charlotte using existing dedicated intermodal trains.
Sustainability
Global Investment Group To Acquire The Fresh Market For $1.36 Billion
The Fresh Market, Inc. a specialty grocery retailer and an affiliate of Apollo Global Management, LLC has entered into a definitive agreement whereby certain funds managed by Apollo will acquire The Fresh Market for approximately $1.36 billion.
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