Warehousing: Page 327

Warehousing
CMA CGM Signs Cooperation Pact With Iran Shipping Lines
CMA CGM
The agreement, signed during a goodwill visit to Paris by Iranian President Hassan Rouhani, covers capacity sharing, joint route operations, and cooperation in using port terminals, the French government said.
French firm CMA CGM, the world’s third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL), according to Maritime Executive.
Rail & Intermodal
Norfolk Southern Corp. To Cut Rail Lines, Jobs
Norfolk Southern Corp.
Norfolk Southern’s strategic five-year restructuring plan is designed to reassure and bolster support among shareholders in the face of a possible proxy fight with Canadian Pacific.
Norfolk Southern Corp. on Wednesday unveiled a five-year restructuring plan that will eliminate 1,200 jobs in 2016, idle track, close and combine operations and pare back both capital spending and stock buybacks in an effort clearly aimed at fending off another hostile takeover attempt by Canadian Pacific Railway Ltd.
Warehousing
U.K. Regulator Orders Tesco To Improve Supplier Invoice Transparency
The U.K. Groceries Code Adjudicator (GCA) said the investigation covering the period June 25, 2013 to Feb. 5 2015 found that the retailer “seriously breached a legally-binding Groceries Supply Code of Practice to protect groceries suppliers.”
U.K. Groceries Code Adjudicator (GCA) Christine Tacon made five recommendations in the report, which include stopping Tesco from making unilateral deductions from money owed for goods supplied. Suppliers will be given 30 days to challenge any proposed deduction and if challenged Tesco will not be entitled to make the deduction. The GCA also insists that the company corrects pricing errors within seven days of notification by a supplier.
Last-Mile
Why Amazon’s Move Into Hauling Doesn’t Concern Some Carriers
Amazon
On Tuesday, two of the largest U.S. trucking companies brushed off the potential threat from the e-commerce giant saying there was plenty of freight to go around.
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Risk/Compliance
Rico Acquires Majority Holding In Circle Express
Circle Express has a countrywide fleet of 300 vehicles operating out of eight aviation security listed depots near the airports at Heathrow, Aberdeen, Birmingham, Exeter, Glasgow, Leeds, Manchester and a cross dock facility in Milton Park, Abingdon.
Circle Express is one of the largest independent networks offering a collection and delivery service specifically targeted at the U.K. air freight forwarding industry and is the preferred U.K. freight distribution carrier for many international freight forwarders.
Supply Chain Visibility
How Denny’s Franchisees Manage Purchasing Through Their Supply Chain Oversight Committee
Denny's, with its 1,599 franchises in the United States, has advisory councils, which offer advice from franchisee delegates to a willing-to-listen franchisor.
As the original home of all-day breakfast, Denny’s serves more than 400 million eggs each year, including classic breakfast items such as the signature Build Your Own Grand Slam®, Omelettes and delicious Skillets.
Ocean Ports & Carriers
Expanded Panama Canal Likely To Open In June
Panama Canal Authority (PCA)
Panama Canal Authority Administrator Jorge L. Quijano told the AJOT at an American Association of Port Authorities conference in Tampa "early May or late May, we should be functional, and maybe June for the inauguration."
This is an artist's impression of the Panama Canal Expansion on completion.
Cold Chain
Virginia Supermarkets Still Await Deliveries Following Snowstorm
Shelves normally stocked with milk, eggs and bread were empty on Monday at Safeway and Target stores in Rosslyn, Va.
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Warehousing
Kerry Logistics To Acquire U.S. Freight Forwarder
The Hong Kong-based company, which specializes international freight forwarding and supply chain services in China and Southeast Asia, said in a conference call that it will acquire a 51 percent stake of an unnamed American company.
Kerry’s U.S. acquisition target “has a good growth profile and is expected to contribute to international freight forwarding earnings in 2016,” the Jefferies report said.
3PL/4PL
Amazon Bids To Become The Biggest Global 3PL
Amazon
It's part of a strategy to make Amazon the largest third-party logistics (3PL) provider worldwide, from the U.S. to Africa, Latin America, India, and even China where the company has gained ground as it tries to compete with Alibaba and Tmall.
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Warehousing
Uber Prepares Food Delivery App In 10 Cities
Uber Eats
In the coming weeks customers in such cities as Los Angeles, Chicago, New York and Austin, Texas, will be able to use a new UberEats app to order from the full menus of dozens of local restaurants and have their food delivered by an Uber driver.
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Ocean Ports & Carriers
Ports America To Exit Port Of Oakland, Invest Elsewhere
Ports America
Ports America is active in planning its expansion and investment opportunities in its existing locations at both the Port of Tacoma and the ports of Los Angeles and Long Beach.
Idle cranes at the Port of Oakland.
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