Warehousing: Page 264

Investors to Probe Danone WhiteWave Foods Takeover Bid

Danone North America

At $56.25 per share, Danone's offer represents a premium of approximately 24 percent over WhiteWave's average 30-day price of $45.43. Analysts are divided over whether the offer price is high.

Law firm Kahn Swick & Foti announced plans to investigate the Danone bid today, with former Louisiana attorney general Charles Foti is heading up the investigation.

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Autonomous Robots Deliver Food in Europe

Starship Technologies

Starship Technologies has been testing its robots in 12 countries over the past nine months, but this will be the first time businesses will be using the technology to deliver real orders to paying customers.

The little robots, which are designed to operate on sidewalks rather than roads, make deliveries within a two- to three-mile radius. They can carry loads weighing as much as 20 pounds, at speeds of up to four miles per hour.

Risk/Compliance

Wendy’s Hit by Massive Cyber Attack, Places Blame on Service Providers’ Remote Access

Wendy’s has now arranged to offer fraud consultation and identity restoration services to all customers who used a payment card at a potentially affected restaurant during the time when the restaurant may have been affected.

Wendy’s first reported unusual payment card activity affecting some restaurants in February 2016. In May, the company confirmed evidence of malware being installed on some restaurants’ point-of-sale systems, and worked to disable it. On June 9, the company discovered additional malicious cyber activity involving other restaurants. That malware has also been disabled in all franchisee restaurants where it was discovered.

Sysco Corp. Acquires E-Commerce Platform for Restaurant Supplies and Equipment

Sysco Corp. acquired Supplies on the Fly, an e-commerce platform providing restaurant supplies and equipment exclusively to Sysco customers.

In 2009, Sysco entered into an agreement with Instawares Holding, LLC, the owner of Supplies on the Fly, to develop www.suppliesonthefly.com. Sysco also secured an option to purchase all of the equity interests of Supplies on the Fly, which it has now exercised.

Danone to Acquire WhiteWave Foods Company for $12.5 Billion

Danone North America

The transaction is expected to close by the end of the year, subject to the approval of WhiteWave’s shareholders, regulatory approvals, and customary conditions.

WhiteWave’s business includes highly recognized, category leading brands such as Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, Earthbound Farm and International Delight.

Ocean Ports & Carriers

Expanded Panama Canal Smashes Toll Record

Mitsui O.S.K. Lines-operated MOL Benefactor paid a $829,468 toll for the previously too big containership to use the Panama Canal to pass through, breaking the $575,545 toll paid by COSCO Shipping Panama for its inaugural transit of the expanded locks.

The 10,000 TEU MOL Benefactor was actually the first neopanamax containership to use the new locks since commercial operations began June 27, so the transit offers a glimpse of what is likely to come in terms of toll revenue.

Honeywell to Acquire Intelligrated for $1.5 Billion

Honeywell International

Intelligrated designs, manufactures, installs and supports conveyor, sortation, palletizers, robotics, AS/RS solutions, warehouse execution systems, labor management software and order fulfillment technologies.

Spot Truckload Rates Unchanged For Past Week

DAT Freight & Analytics

National average spot truckload rates were unchanged as spot market activity slowed during the week ending June 25, according to DAT Solutions.

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Vermont’s GMO Label Law Takes Effect Today

Vermont’s law requiring nearly all food labels to disclose genetically engineered ingredients takes effect today.

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Ocean Ports & Carriers

U.S. Ports To Provide Truck Scale Weights For SOLAS Weight Verification; Shippers Still Cite Uncertainties

The new SOLAS Verified Gross Mass container weighing regulation will go into effect today.

AgTC believes that unless thoughtfully considered, by individuals with intimate familiarity with the export supply chain process, this rule will create major turmoil at the marine terminals and a very significant impediment to U.S. exports.

Featured In Food Logistics: How To Keep The Lid On Warehouse Energy Costs

Managing energy offers one of the greatest opportunities for improving profitability.

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Walmart Expands Free Two-Day Shipping To Battle Amazon

Wal-Mart Stores Inc. launched a free 30-day trial of ShippingPass, its two-day shipping program for shoppers in the United States, as the world's largest retailer looks to take on Amazon.com Inc.'s Prime subscription service.

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