Transportation: Page 470

Target Corp. Scrutinizes Its Food Supply Chain

Target Corporation

The nation’s second largest retailer seeks to correct out of stocks and make food a shopping destination for consumers.

Target wants to make its food section a destination for shoppers. Consultants have said the company needs to focus on its outer ring selections offering fresh, refrigerated and frozen food.

Transpacific Container Carriers To Raise U.S. Export Rates On Feb. 1, 2016

The TSA has recommended a general rate increase (GRI) on Feb. 1, 2016 in the amount of $100 per 40-foot container (FEU) for cargo moving via the U.S. West Coast, and $200 per FEU for cargo moving via the U.S. East and Gulf Coasts.

A slowdown in Chinese economic growth has hammered the global shipping industry, which exited the Great Recession to take advantage of low interest rates to buy new ships to handle a rising amount of coal, iron ore and consumer goods. But as China’s factories scale back and the economies of Europe and North America gear down, the amount of cargo traversing the oceans has slowed.

Specialty Food Investor Arbor Investments Acquires DPI Specialty Foods

Arbor Investments is a specialized private equity firm that focuses exclusively on acquiring premier companies in the food, beverage and related industries.

Arbor Investments has completed the acquisition of a majority equity stake in Ontario, California-based DPI Specialty Foods, Inc. from Dublin, Ireland-based Ornua Co-Operative Limited.

U.S. Fleets Post Improved Fuel Economy Using Efficiency Technologies

North American Council for Freight Efficiency study finds fleets accelerate adoption of fuel efficiency technologies.

Material Handing Maker Southworth International Group To Acquire Marco Group AB

Southworth offers a large selection of equipment designed to improve productivity and worker safety in applications that involve lifting and positioning.

Southworth International Group, a provider of ergonomic material handling equipment, announced that it has agreed to acquire Marco Group AB, a European manufacturer of similar lifting and positioning technologies in Sweden.

Cold Stone Creamery Parent Kahala Brands Acquires Pinkberry Frozen Yogurt Chain

Pinkberry has more than 260 stores in 20 countries. Terms of the deal were not disclosed.

Kahala Brands, which owns quick-service restaurant names including Cold Stone Creamery and the Great Steak & Potato Co., issued a statement saying that Pinkberry is 'an excellent strategic fit for our company.'

Coca-Cola Brazil Seeks To Acquire Dairy Maker Campo Verde

Coca-Cola Company

The Food Lion, partnership between Coca-Cola Co. and its bottlers in Brazil reached a deal to buy Campo Verde, a maker of yogurts, cheeses and drinks derived from milk.

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FCSMA Finalizes Electronic Logging Rules For Trucks

Federal Motor Carrier Safety Administration (FMCSA)

The American Trucking Associations hailed the rule mandating the use of electronic logging devices by commercial vehicles as a historic step forward for the industry.

A driver enters hours of service information using a Cadec onboard computer.

China’s Cabinet Approves Merger Of The Country’s Two Largest Shipping Lines

The combined entity would become the world's fourth-largest container shipper, with a market share of roughly 8.1 percent.

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Spot Freight Volume Drops 15% In November

DAT Freight & Analytics

Freight volume has declined in November in every year except 2012, according to the DAT North American Freight Index, which has recorded monthly spot market freight levels since 1997.

Compared to October, the availability of van freight declined a modest 2.9 percent, flatbed volume lost 39 percent, and refrigerated (reefer) volume increased 9.1 percent. Spot market rates edged up 0.7 percent for vans and 0.6 percent for reefers, month over month. Flatbed rates declined 4.0 percent, however, due to seasonal pressure.

Uber Launches UberEATS Food Delivery App In Toronto Today

The in-app version is currently available in 12 cities, but Toronto’s new UberEATS app is different.

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Cola-Cola Co. Overhauls Its U.S. Distribution System

Coca-Cola Company

The company will grant exclusive rights to Coca-Cola Beverages Florida, Coca-Cola Bottling Co. United and Viking Coca-Cola Bottling Co. for the sale and distribution of bottler-delivered Coca-Cola beverages.

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