Transportation: Page 463

US Foods Files For Public Offering

The number of shares to be offered and the price range for the offering have not been determined.

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.

Asahi Group Bids $2.9 Billion For Peroni, Grolsch And Meantime From SABMiller Brands

Asahi is Japan's biggest brewer with 38 percent of its home market, where a shrinking population and the increasing popularity of wine have weighed on beer sales over two decades.

With Peroni, Grolsch and Meantime, Asahi would diversify its footprint with sizeable positions in the premium beer segments of Italy, Britain and the Netherlands, and new distribution opportunities for its namesake Asahi Super Dry.

Panera Bread Co. To Expand Delivery Services

The St. Louis-based company expects to have delivery offerings in 200 to 300 of its 1,972 company and franchised units by the end of the year, said Ron Shaich, Panera founder, chairman and CEO.

The St. Louis-based company expects to have delivery offerings in 200 to 300 of its 1,972 company and franchised units by the end of the year, said Ron Shaich, Panera founder, chairman and CEO, in an earnings call with analysts.

FDA Seeks $5.1 billion For 2017, Including Funds To Implement Food Safety Law

Food & Drug Administration (FDA)

The overall request includes a net increase of $14.6 million in budget authority and $268.7 million in user fees for initiatives tied to several key areas, including the implementation of the FDA Food Safety Modernization Act (FMSA).

The U.S. Food and Drug Administration (USDA) is requesting a total budget of $5.1 billion to protect and promote the public health as part of the President’s fiscal year (FY) 2017 budget – an eight percent increase over the enacted budget for FY 2016.

Amazon To Compete Directly With UPS And Fedex

The ambitious strategy promises to turn FedEx and UPS into Amazon rivals, but also will pit the Seattle giant against Chinese counterpart Alibaba Group Holding Ltd.

The new business will locate Amazon at the center of a logistics industry that involves not just shippers like FedEx and UPS but also legions of middlemen who handle cargo and paperwork associated with transnational trade.

Fuel Prices Keep Falling For U.S. Fleets

The U.S. average retail pump price for gasoline also declined this week by 3.4 cents to $1.822 per gallon, which is 24.6 cents cheaper compared to the same week in 2015.

The U.S. average retail pump price for gasoline also declined this week by 3.4 cents to $1.822 per gallon, which is 24.6 cents cheaper compared to the same week in 2015.

Ocean Ports & Carriers

Individual U.S. Ports To Determine Container Weight Mandate For Exports

The enforcement of the SOLAS container weight mandate for U.S. exports will be done by each port, and the U.S. Coast Guard will only get involved if it boards an incoming vessel and finds it doesn’t have verified gross mass for each box.

The mandate, under an amendment to the International Maritime Organization’s, Safety of Life at Sea, or SOLAS, convention originally approved in 2014, prevents carriers from shipping any containers without the verified gross mass of each container.

Chipotle Mexican Grill Pledges $10 Million To Support Local Growers

The initiative will provide the support and education necessary to meet the company’s high standards and help offset the costs of enhanced testing and food safety practices for some smaller farmers.

The formation of the Chipotle Local Grower Support Initiative is a new program to help smaller, local suppliers meet its heightened food safety standards.

XPO Logistics Sues YRC Worldwide for Poaching Workers, Stealing Customers and Pricing Data

The lawsuit pits two of the largest trucking companies in the U.S. against each other over the trade secrets

The complaint grew out of XPO’s takeover last October of Con-way Inc. and its Con-way Freight unit that is the second largest in the country offering less-than-truckload service, in which shipments from multiple customers are combined on trucks. YRC Freight is No. 3 in that market.

Obama To Seek $10 Per Barrel Crude Oil Tax

The proposed fee, which would be paid by oil companies and phased in over five years, was quickly met with scorn by lawmakers in the Republican-controlled Congress.

Set to be officially announced in Obama's fiscal 2017 budget plan on Tuesday, the fee would provide nearly $20 billion a year to help expand transit systems across the country and more than $2 billion a year to support the research and development of self-driving vehicles and other low-carbon technologies.

Spot Rates Firm on Stronger Demand

The number of posted reefer loads rose 6 percent and truck posts declined 3 percent, leading to a 9 percent increase in the reefer load-to-truck ratio (3.8 loads per truck).

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Southern California Container Terminal Closes Over Driver Costs

Since shifting its business model to use company employees as drivers 16 months ago, Hub Group Inc. Chief Executive David Yeager wrote, Hub’s costs “have been unsustainable and substantially higher than our outsourced core carriers’ costs.”

Hub Group Trucking has closed its Southern California terminal serving the ports of Los Angeles and Long Beach just over a year after converting its local fleet from independently-contracted drivers to full-time employees.

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