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Norfolk Southern finalized the purchase of a 282-mile section of track between Sunbury, Pa. and Schenectady, N.Y., from the Delaware & Hudson Railway Co.
“Supply chain has to be at the forefront of every enterprise in the world, especially ones that are consumer-facing,” Starbucks CEO Howard Schultz said Monday at the Council of Supply Chain Management Professionals’ annual conference in San Diego.
The U.S. Government Accountability Office said in a report issued Friday CPFA requirements have increased the overall cost of shipping food aid by an average of 23 percent from April 2011 through fiscal year 2014.
The Danish firm's acquisition of UTi is the latest in a string of international mergers in the 3PL industry this year.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."