Transportation: Page 515

Rail & Intermodal

Canadian Pacific Petitions Justice Department In Norfolk Southern Corp. Takeover Bid

Canadian Pacific Kansas City (CPKC)

CP is asking the U.S. Department of Justice to review recent actions by a number of major U.S. railroads who have stated publicly that they are organizing a collective campaign to block significant mergers in the railroad industry.

CP believes it is unfortunate that the company must take the very serious step of writing to the Department of Justice but ultimately concluded the unprecedented action of major competitors organizing to block a new entrant from enhancing competition to the U.S. merited the attention of the antitrust authorities.

Hershey Seeks Innovation Partner To Ship Chocolate In Hot Weather

The Hershey Company

Hershey has launched a contest calling for companies to help it develop a lightweight, affordable shipping system that will keep chocolate cool even in the warmest months.

U.S. Xpress Boosts Pay 13.5% For Safe OTR Drivers

U.S. Xpress implemented this pay raise to ensure the company continues to recruit and retain the industry’s most elite and safe drivers.

Starting on March 1st, 2016, U.S. Xpress will implement the safety performance-based pay scale where all OTR solo drivers who have 12 months safe driving record and are accident, CSA violation and ticket free, will earn an additional 13.5 percent. With this pay increase, a safe driver with 5 years of experience could make over $70,000 total compensation.

Feds To Scrutinize Safety Of Canadian Pacific Railway/Norfolk Southern Merger

Canadian Pacific Kansas City (CPKC)

The Federal Railroad Administration, which regulates safety for the U.S. industry, expects to scrutinize the "significant safety hurdles" that would result from merging any of the nation's major railroads.

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FMCSA Announces Stricter Safety Rules For Trucks

Federal Motor Carrier Safety Administration (FMCSA)

The proposal would update FMCSA’s safety fitness rating methodology by integrating on-road safety data from inspections, along with the results of carrier investigations and crash reports, to determine a motor carrier’s overall safety fitness each month.

The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) announced a rulemaking proposal designed to enhance the agency’s ability to identify non-compliant motor carriers.

Ocean Ports & Carriers

Amazon Moves Into Ocean Freight Forwarding

The Seattle retailer registered itself with a federal agency overseeing ocean transportation, a step towards allowing it to serve as an intermediary for suppliers shipping merchandise in or out of the U.S.

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.

Low Diesel Prices Give Leverage To Shippers Over Carriers

With the price of fuel down 25 percent, providers of truckload and less-than-truckload services have been forced to slash prices.

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Brown-Forman Corp. To Sell Southern Comfort And Tuaca To Sazerac For $543.5 Million

Brown-Forman has marketed Southern Comfort since acquiring the brand in 1979. The company acquired Tuaca in two transactions, completing the purchase in 2002.

Brown-Forman Corp. has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million.

Dot Foods Acquires Marketwest, Establishing First Canadian Operations

Dot Foods Inc., the nation’s largest food industry redistributor, announced it will establish operations in Canada for the first time when they acquired Vancouver-based redistributor Marketwest on January 1, 2016.

CSX: Rail Pricing Pressure Close To Recession Levels

CSX Corporation Inc.

Railroads are facing stiffer competition from trucks, as low fuel prices have made hauling containers and trailers cheaper, which has dampened growth in rails’ all-important intermodal business.

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Infinity Transportation Logistics Adds Miami And Toronto To Its Intermodal Service From The Pacific Northwest

Infinity Intermodal

Infinity Transportation Logistics, LLC (ITL) is now providing expedited temperature-controlled domestic intermodal service from Washington State and Oregon to Miami, Fla., and Toronto, Canada.

ITL's door-to-door transit times are now only four to five days to and from the Midwest and just six to seven days to and from various destinations on the East Coast, which is nearly as fast as long-haul trucks. Because of the improved transit times, ITL has been seeing increased interest and usage from fresh produce shippers (apples, potatoes, pears, onions, etc.).

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