Warehousing: Page 267

Walmart Partners With Uber, Lyft And Deliv On Last-Mile Grocery Delivery Tests

Wal-Mart will start with tests of grocery delivery through Uber in Phoenix, Ariz., and Lyft in Denver, Colo., which it expects to start within the next two weeks.

Walmart will start with tests of grocery delivery through Uber in Phoenix, Ariz., and Lyft in Denver, Colo., which it expects to start within the next two weeks. This is in addition to a Sam’s Club pilot that started in March with Deliv involving delivery of general merchandise and grocery for business members in Miami, Fla.

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Walmart Tests Drones In Distribution And Fulfillment Centers

The drone is fully automated, but was manually controlled during the demonstration as it flew up and down warehouse shelves, captured images and determined whether products were in the right place in the distribution center.

Checking inventory is done by workers who have to use lifts and are harnessed in for safety as they scan products throughout the warehouse. The switch to drones could cut the time it takes to check the inventory throughout a facility that spans roughly 1.2 million square feet, or the equivalent of 26 football fields, from one month to one day.

Schneider Acquires Watkins & Shepard and Lodesco

Schneider Logistics

Both acquisitions complement the growing Final Mile+ service from Schneider, which provides customized home, commercial and retail delivery with white-glove service.

Schneider is now the nation’s leading first-to-final-mile-delivery provider of LTL, truckload and logistics for high-value home furnishings and over-dimensional goods.

Ocean Ports & Carriers

United Arab Shipping Company Seeks Merger With Hapag-Lloyd

UASC, which is owned by Gulf governments, said the merger talks were discussed at an extraordinary general meeting of shareholders on Thursday at the company's office in Dubai.

If a deal is reached, it will create a group with an estimated combined enterprise value of around seven billion to eight billion euros ($7.8 billion to $8.9 billion).

Cargill To Acquire Five Star Custom Foods

Adding Five Star Custom Foods to the Cargill family will enhance the company’s existing cooked protein capabilities, optimize supply chain efficiencies and provide innovation opportunities.

The acquisition includes both of the Five Star Custom Foods facilities in Fort Worth and Nashville, Tenn.

Grocery Delivery Startups Lead Food Industry in Raising Capital

Grocery delivery companies globally raised $429 million so far this year, according to data from CB Insights. Meal delivery companies raised $352 million during the same period.

The growing fleet of motorbike couriers on Chinese roads is the latest challenge to long-established but struggling Western companies such as McDonald’s Corp. and Yum Brands Inc., which owns KFC and Pizza Hut outlets.

Oil Price Reaches 7-Month High

Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production.

Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.

US Foods Inc. Raises $1.02 Billion In Public Offering

US Foods Holding Corp., the parent company of US Foods, Inc., announced the pricing of its initial public offering of 44,444,444 shares of common stock at an initial public offering price of $23.00 per share for a total offering size of $1,022,222,212.

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.

China Approves CMA CGM Acquisition Of Neptune Orient Lines

The takeover offer worth $2.4 billion marks CMA CGM's biggest acquisition and comes as container lines seek to cope with a severe market downturn through greater scale.

CMA CGM has made a preliminary offer for Neptune Orient and is conducting due diligence, though it hasn’t been granted exclusivity, while discussions with Maersk are less advanced, people with knowledge of the matter said before Neptune Orient’s announcement.

FDA Expands Sunflower Kernel Recall

Food & Drug Administration (FDA)

Production of the product has been suspended while FDA and the company continue their investigation into the source of the problem, according to the recall notice.

The U.S. Food and Drug Administration (FDA) has posted three more recalls of food items containing sunflower kernels.

Coca-Cola Enterprises Shareholders Approve Transaction Creating World’s Largest Independent Bottler

Coca-Cola Company

After the closing of the transaction, Coca-Cola European Partners will be the world’s largest independent Coca-Cola bottler based on net sales.

Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola Company, Sol Daurella, Executive Chairwoman of Coca-Cola Iberian Partners and John Brock, Chairman and Chief Executive Officer of Coca-Cola Enterprises, Inc. toast the creation of Coca-Cola European Partners.

How Collaboration Expands Across The Food Supply Chain: Kroger, General Mills, Cargill

At the BMO Capital Markets Farm to Market Conference held May 19 in New York, representatives from Cargill, General Mills, Inc. and Kroger Co. were asked how their relationships with one another have changed over the last several years.

At the BMO Capital Markets Farm to Market Conference held May 19 in New York, representatives from Cargill, General Mills, Inc. and Kroger Co. were asked how their relationships with one another have changed over the last several years and what factors drove the change, according to Food Business News.

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