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Maersk CEO Comments On Continued Impact Of Red Sea Crisis
The Red Sea crisis is stretching into the third quarter of 2024, continuing to put a strain on container ships that are being forced to temporarily divert and take longer routes.
Conflict in the area began in October 2023, and by December 2023 container ships in transit through the Red Sea/ Gulf of Aden were being attacked. Maersk was one of the shipping companies to experience an attack when its vessel, the Maersk Hangzhou, was hit by an unknown object while passing through the Bab al-Mandab Strait from...
Walmart's Grocery Network Transformation: The Next Steps on Our Supply Chain Modernization Journey
In the last several years, something has become very clear: Walmart customers love options. From the strength of our delivery business to our innovative aisles in-store and online, we’re witnessing shoppers make use of every opportunity to save money and live better.
As customers change the way they shop, we’re taking steps to build even more trust with them, ensuring the things they want – and need – are on shelves faster than ever before. To do that, we've been investing...
Checkers & Rally's Announces Strategic National Distribution Partnership with McLane
Checkers & Rally's, an iconic drive-thru restaurant chain known for flavorful, craveable food at a great value, today announced it has entered a partnership for distribution services with McLane Company, the largest systems distributor in America. The strategic alliance aims to strengthen operational efficiency and cost-effectiveness for Checkers as the company focuses on long-term growth.
"We are pleased to announce McLane as our exclusive national distribution partner, an important transition for our business as we reinforce our commitment to strengthening our operations in order to...
Overseas Shipholding Group Enters Into A Definitive Agreement To Be Acquired By Saltchuk Resources
Overseas Shipholding Group, Inc., a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products primarily in the U.S. Flag markets, and Saltchuk Resources, Inc. (“Saltchuk”), a privately owned family of diversified freight transportation, marine service, and energy distribution companies, today announced that they have entered into a definitive merger agreement pursuant to which Saltchuk has agreed to acquire OSG in a transaction that values the Company at an aggregate equity...
CJ Logistics America Opening Centrally-Located Cold Storage Warehouse in Kansas City
CJ Logistics America, a leading innovative supply chain and technology company, announced today that it will be opening a new cold storage warehouse in New Century, Kansas, just 30 miles outside of Kansas City. Developed in a joint venture by Yukon Real Estate Partners, a national cold storage developer, and BGO, a global leader in cold storage real estate, the project boasts a rail-served 291,000 square foot warehouse complete with Alta EXPERT refrigeration and is targeted to open its doors in Q3 2025.
Vertical Cold Storage Surges to Sixth Largest Cold Storage Provider in North America
Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, moved from 15th to sixth on the Global Cold Chain Alliance’s (GCCA) North American Top 25 List of Refrigerated Warehousing and Logistics Providers. The company now has more than 77 million cubic feet of capacity in nine locations and employs more than 400 full-time team members.
In the past 12 months, Vertical Cold acquired MWCold in Indiana, purchased a second facility in the...
Lineage Logistics Announces Rebranding, Changes Brand Name to Lineage
Lineage, one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide, has announced a rebranding, formally changing its brand name from Lineage Logistics to Lineage.
Established in 2012, the Lineage name reflects the company’s unique legacy and expertise in the interconnected world of cold storage and logistics. The company’s shield logo signifies the generational and entrepreneurial commitment of the many companies that have been welcomed into the Lineage family through over 110 acquisitions to form Lineage with the shared charge of keeping the global food supply safe and...
Rerouting Trucks and Ships Away from Baltimore: What Early Data Shows
As the days add up after the March 26 collapse of the Francis Scott Key Bridge, companies that gather data from trucks and supply chains are beginning to get an idea of where trucks are rerouting in the catastrophe’s wake. Data on ship rerouting is less conclusive.
While some of that data is clear, a lot remains murky as shippers and carriers figure out how to loosen the logistical choke points the collapse created.
One of the clearest data series in the market, because it is fed...
Sheer Logistics Acquires CargoBarn
Sheer Logistics, a premier provider of 4PL/Managed Transportation Services, value-based logistics, freight brokerage, TMS technology and Integration Platform as a Service (IPaaS) solutions purpose-built for mid-market companies, today announced the acquisition of CargoBarn, a tech-enabled third-party logistics provider (3PL) based in Atlanta, GA. CargoBarn provides full Truckload freight brokerage, expedited, drayage, and other specialized services. The acquisition will enhance Sheer's existing 3PL and freight brokerage offerings through the addition of CargoBarn's diverse and complementary customer portfolio, extensive carrier network, highly experienced sales and operations teams, and geographic footprint...
Europe Looking Towards Air Freight Solutions Due To Continuing Attacks in Red Sea
As Houthi terrorists continue to attack in the Red Sea, shipping and logistics companies also continue to provide updates on what the developments mean for cargo.
U.S. Central Command confirmed on March 12 that between 2 a.m. and 4:30 a.m. Sanaa time, Iranian-backed Houthi terrorists “fired one close-range ballistic missile from Houthi-controlled areas of Yemen toward USS Laboon in the Red Sea.” The U.S. government agency revealed that the missile did not impact the vessel, and that there...
CJ Logistics America to Open New Cold Storage Warehouse in Georgia
CJ Logistics America will be opening a brand new, state-of-the-art cold storage warehouse in Gainesville, Georgia. This development project is being led by RL Cold, a leader in the cold storage development industry. The 270,000 square foot building will feature Alta EXPERT Refrigeration Systems and QFM blast freezing, the latest evolution in QuickFreeze technology.
“Our customers have come to expect a seamless experience at every step of the supply chain,” said CJ Logistics America CEO Kevin Coleman. “This new warehouse, coupled with our integrated transportation...
United Natural Foods Expands Supply Chain Evolution with A.I.-Powered Warehouse Automation System
United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center (DC), in Manchester, PA. This advanced system, manufactured by Symbotic, is the second installation for UNFI and part of the Company’s commitment to further enhance the effectiveness and efficiency of its distribution center network. Once installed, UNFI expects the system to enhance the customer experience, improve quality and service to customers, increase capacity within its facilities, and lower...
Maersk Says All Vessels Due to Transit the Red Sea Will Be Diverted For ‘Foreseeable Future’
Despite warnings from the U.S. and other countries to cease attacks, the Houthi rebels show no signs of stopping. Shipping company Maersk says that as the situation continues to evolve and “remains highly volatile,” they have made the decision to divert all Maersk vessels that are due to transit the Red Sea/ Gulf of Aden for “the foreseeable future.” Vessels that were due to travel through the Red Sea will continue to be diverted south around the Cape of Good Hope.
“We understand...
Hapag-Lloyd Continuing to Explore Solutions As Attacks on Red Sea Vessels Continue
Hapag-Lloyd is just one of the shipping and container transportation companies dealing with the fallout of the ongoing Houthi rebel attacks in the Red Sea. The German company confirmed earlier this week that they would be diverting its vessels away from the Suez Canal/ Red Sea until at least January 9. Now the company has released a new update, confirming that they are continuing to avoid the Red Sea route “for the safety of our crew and cargo.”
As SeafoodNews previously reported...
Maersk Pauses All Transit Through the Red Sea/ Gulf of Aden Following Attack on Vessel
Logistics company Maersk announced on Tuesday that they will be pausing all transit through the Red Sea/ Gulf of Aden “until further notice.” The decision follows an attack on the company’s vessel, the Maersk Hangzhou, which occurred on December 30.
“An investigation into the incident is ongoing and we will continue to pause all cargo movement through the area while we further assess the constantly evolving situation,” the company said in a statement today. “In cases where it makes most sense for our customers...
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