Warehousing: Page 332

Norfolk Southern Rejects Canadian Pacific’s Revised Bid

Norfolk Southern Corp.

The consideration offered in the revised proposal is less than the prior proposal, which the Norfolk Southern board unanimously determined was grossly inadequate.

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Investor Group Buys Keurig Green Mountain For $13.9 Billion

Keurig Green Mountain, Inc. , and JAB Holding Co. announced that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for approximately $13.9 billion.

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Food Companies Hustle To Delay Mandatory GMO Labeling

The food industry wants the labeling to be voluntary, and it hopes to get a provision in a massive spending bill that Republicans and Democrats want to wrap up this week.

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CCM CGM Agrees To Acquire Neptune Orient Lines

CMA CGM, a global leader in container shipping, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company, subject to the satisfaction of the pre-conditions specified in su

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.

FMCSA Issues Rule To Protect Drivers From Coercion To Violate Safety Rules

Federal Motor Carrier Safety Administration (FMCSA)

The rule provides FMCSA with the authority to take enforcement action not only against motor carriers, but also against shippers, receivers, and transportation intermediaries.

Chipotle Tightens Supplier Standards Following E. Coli Outbreak

Chipotle changed its website last month, taking down a description about buying locally and replacing it with a message on long-term supplier relationships.

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Food Giants Invest In SmartLabel Initiative

Grocery Manufacturers Association (GMA)

The SmartLabel initiative, announced Wednesday by the Grocery Manufacturers Association, so far includes more than 30 companies, including General Mills Inc., Hershey Co., and PepsiCo Inc.

The Grocery Manufacturers Association estimated that by the end of 2017, companies will disclose information on GMOs for some 20,000 products through the SmartLabel technology.

ABF Logistics Acquires Bear Transportation Services, L.P.

This acquisition is the second of the year for ABF Logistics after its purchase of Oklahoma City-based Smart Lines Transportation Group in January 2015.

ABF Logistics, an ArcBest company, has acquired Bear Transportation Services, L.P., a private, non-asset truckload brokerage firm headquartered in Plano, Texas, for cash of $26.0 million, subject to normal post-closing adjustments.

Starbucks Tests Home Delivery In Seattle With Postmates

Starbucks is collaborating with leading on-demand delivery service Postmates for a pilot program, where customers can have Starbucks food or beverages delivered to them within designated areas in Seattle.

Starbucks has partnered with Postmates to deliver food and beverages to customers in Seattle, Wash.

Dearborn Mid-West Company Acquires W&H Systems Inc.

The combined organizations will continue to deliver the design, integration, installation and support of material handling systems with focus on the wine & spirits, e-commerce, retail, industrial, and food/beverage industries.

Target Extends Instacart Delivery Service To Chicago

Customers in Chicago can now order fresh food and grocery, health and beauty products, pet and household supplies, and baby items from Target and have them delivered straight to their doorstep in as little as one hour.

National Restaurant Association To Sue New York City Over Salt Warning Labels

National Restaurant Association

The city requires restaurants with at least 15 U.S. locations to identify menu items with more than 2,300 milligrams of sodium and label them with a warning icon of a salt shaker in a triangle.

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