Tuesday, September 29, 2015

Canadian Pacific acquires Steelcare Inc.

CALGARY, Sept. 29, 2015 - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) has acquired Steelcare Inc., Canada's largest steel transload facility.

"CP is committed to exceptional customer service and with direct ownership of Steelcare, we are better equipped to manage our own supply chain and utilize our in-house expertise," said James Clements, CP Vice President of Strategic Planning and Transportation Services.
Steelcare is a transload and distribution hub providing superior transloading, warehousing and distribution services of steel products.

Steelcare's Plant Six facility in CP's Aberdeen yard in Hamilton, Ontario, is a 168,000-square-foot facility featuring two drive-through rail and truck loading and unloading areas. Steelcare is able to handle up to 1.5 million tons of rail transload product in a given year. The transaction includes TransCare Logistics Corporation, Prometheus Six Inc. and East Port Warehousing & Distribution.

Projected yearly revenue as a result of the transaction is approximately $10 million.
The intent is to keep the current management structure and employees in place. Clements will also serve as Steelcare's Executive Vice President.

Forward Looking Statement

This news release contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to the anticipated benefits of the transaction and future business plans. This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes.

Undue reliance should not be placed on forward-looking information as actual results may differ materially from the forward-looking information. Forward-looking information is not a guarantee of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking information, including but not limited to the following factors: the ability to recognize the benefits of the transaction; changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes.  The foregoing list of factors is not exhaustive.

These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States.  Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information is based on current expectations, estimates and projections and it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by CP. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.

CITT Announces Annual Academic Award Winners and 2014-15 Honour Roll

September 29, 2015, Toronto - CITT has just declared the winners of their 6 prestigious academic awards, which are awarded to the students who receive top marks in CITT’s specialized logistics courses. The awards will be presented at Canada Logistics Conference 2015, in Niagara Falls, which takes place over October 25-27th.

“This was my final course working towards my CCLP designation” said Elaine Fan, CCLP, of Weston Wood Solutions, winner of the Robert A. Hains Memorial Award. “The courses have given me so much confidence in the decisions I’m now able to make. It’s been a wonderful journey becoming a CITT-Certified Logistics Professional. I strongly suggest people take the program because of how much I learned.”

Three of this years’ winners, Gregory Shnerer , Franco Ming Cui, CCLP, and Scott Dimond, CCLP, got started with CITT through their respective work at CP. “CP encourages employees to work towards CCLP to learn more about their role and to develop their career,” explained Mr. Cui. “And I can see why. As a carrier, we have to be able to avoid claims and protect our business. In Transportation Law I really developed those abilities.”

Lisa Steiger, CCLP of Absorbent Products Ltd reported that she decided to take CITT courses specifically to accelerate the development of her skill set. “There’s only so much you can learn on the job – especially when things are really busy. I felt I needed a wider breadth of skills to do more. One of my new roles is involved in implementing Lean processes, and I’ve been able to mesh what I’ve learned with CITT with lean to great effect.”

Filling out the list of winners is Brad Lafreniere, CCLP, of United Farmers of Alberta. “I’m extremely proud to have won this award – my father actually earned his designation from CITT. Most of my 20 years in the business was in warehousing, and I knew earning my CCLP would give me more robust, integrated knowledge. I also really appreciated being able to continue pursuing my career while taking courses at the same time.”

Along with the Academic Award Winners, CITT is proud to release the names of the 2014-15 Honour Roll – students who earned a grade of 80% or higher in a CITT course. The full list of 331 honour roll scholars can be viewed here.

The full list of Academic Award Winners is:
·         Gregory Shnerer, Charles Laferle Memorial Award
For the highest combined mark in Transportation Systems & Logistics Processes  
·         Elaine Fan, CCLP, Robert A. Hains Memorial Award
For the highest mark in Logistics Decision Modelling
·         Lisa Steiger, CCLP, Thomas J. McTague Memorial Award
For the highest mark in Integrated Logistics      
·         Franco Ming Cui, CCLP, J. Stuart Robertson Memorial Award
For the highest mark in Transportation Law      
·         Brad Lafreniere, CCLP, Charles D. Edsforth Memorial Award
For the highest mark in Transportation Economics
·         Scott Dimond, CCLP, James T. MacKenzie Memorial Gold Medal
For the highest academic standing in the graduating class

CITT is one of the industry's most valued and respected source of logistics courses in Canada, professional certification and expertise. CITT’s programs promote professional excellence and career path development for anyone who buys, sells or manages the flow of goods and product, or is impacted by supply chain logistics.

CITT’s professional development offerings include:
• Industry’s top-rated annual Canada Logistics Conference – www.citt.ca/conference
• Professional certification in logistics (the CCLP designation) – www.citt.ca/cclp
• Specialized logistics and business management courses – www.citt.ca/courses
An expert-level technical and business education and the CCLP designation from CITT are all affordable, accessible, and have the best ROI in the business. Visit the CITT website at www.citt.ca for more information.

Monday, September 28, 2015

Surveys Find Global 3PLs Experiencing Significant Success Across the Supply Chain Industry

SAN DIEGO, Sept. 28, 2015 – Today, the 22nd Annual Surveys of Third-Party Logistics Provider (3PL) CEOs, sponsored by Penske Logistics, revealed that 3PL CEOs are confident about the current state and future revenue growth potential of both their companies and the regional 3PL industries.

The annual surveys, which this year included the CEOs of 30 of the world’s largest 3PLs, found that more than 80 percent of the companies surveyed were profitable in 2014. CEOs from North America and Asia-Pacific forecasted three-year revenue growth averages for their companies of 7.86 percent and 11.50 percent, respectively. European CEOs forecasted 5.33 percent growth over the same period.
CEOs across North America, Asia-Pacific and Europe were also asked to project regional industry revenue growth rates for the next three years in each of their regions. North American CEOs projected average industry revenue growth rates of 5.92 percent; European CEOs projected average industry revenue growth rates of 4 percent; and CEOs in the Asia-Pacific region projected average industry revenue growth rates of 5.75 percent.

The surveys are being presented today at the Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference by their author, Dr. Robert Lieb, Professor of Supply Chain Management at Northeastern University’s D’Amore-McKim School of Business, and Joe Carlier, Senior Vice President of Global Sales for Penske Logistics. The findings analyze responses from 30 major 3PL CEOs across North America, Europe and Asia-Pacific whose companies generated more than $40 billion in revenue in 2014. The report was co-authored with Dr. Kristin Lieb, Associate Professor of Marketing Communications, Emerson College. The survey is underwritten by Penske Logistics, a leading provider of third-party logistics services.

“Last year, the logistics industry experienced one if its best years in many years and 2015 is on-track to be a good year as well,” said Marc Althen, President of Penske Logistics. “The 3PL industry continues to deliver value, savings and efficiencies by collaborating closely with customers and adjusting to rapidly changing economic conditions, business challenges such as capacity and talent shortages, as well as consumer online shopping needs that demand new and agile supply chain and fulfillment models.”

An encapsulation of key survey findings follows.

The Growth of Mergers and Acquisitions
Only seven of the 30 CEOs reported significant M&A activity by their companies during the past year. Following the onset of the global recession in 2008 there were relatively few large –scale acquisitions in the 3PL industry. That has changed dramatically since early 2014. Since that time there have been ten major acquisitions by 3PLs totaling $18 billion. This is leading to a significant restructuring of the industry in many markets, and will require substantial effort on behalf of those 3PLs to integrate those operations post-acquisition. It will also result in significant brand confusion in the marketplace that will have to be addressed by those companies. Many of the CEOs involved in this year’s surveys believe this recent wave of M&A will lead to defensive acquisitions by other 3PLs.

CEOs across North America, Europe and Asia-Pacific agree that the need for M&A stems from four key factors: 3PLs experiencing market pressure to expand service offerings; an increased desire to offer one-stop solutions to customers; the need to drive scale in specific markets; and a desire to expand their geographic footprint. North American CEOs predicted that 6.54 percent of their revenue growth over the next three years will come from M&A activity. European CEOs projected that figure at 3.67 percent while CEOs from the Asia-Pacific region predicted that  4 percent of their revenue growth during that period would be M&A related.

A More Focused E-Commerce Approach 
Survey respondents cited significant changes in the e-commerce marketplace in the past year, referencing strong growth, an increased focus on next-day delivery and rapid expansion of international e-commerce.

In both North America and Europe, CEOs reported that Amazon had a particularly significant impact on supply chains and the e-commerce industry in their regions, highlighting the company’s focus on same-day delivery and its developing relationships with 3PL companies for last-mile delivery. On average, e-commerce now accounts for an average of 11.85 percent North American 3PLs’ revenue, and CEOs predict it will increase to 20.85 percent in three years. On average e-commerce revenues now account for 5.33 percent of European respondent revenues, and that percentage has been projected to grow to 9 percent in three years. Growth in Asia-Pacific’s e-commerce market was aided by the region’s massive e-commerce provider, Alibaba – a company Asian-Pacific CEOs believe might become a significant competitor for 3PL business in the region. For all three regions surveyed, CEOs said that the expansion of 3PL technology support for e-commerce was critical for the industry’s ongoing success.

“Amazon’s recent actions are impacting e-commerce in a major way,” said Dr. Robert Lieb, Professor of Supply Chain Management at Northeastern University’s D’Amore-McKim School of Business. “The company’s market dominance and huge popularity with customers creates a great opportunity for 3PLs to assist Amazon, and ensure customers get the goods they need – especially during peak e-commerce seasons.”

Additional Supply Chain and Logistics Industry Trends and Insights

• West Coast Port Issues: In early 2015, one of the worst labor conflicts in recent history, labor slowdowns at major West Coast ports, created significant supply chain issues for carriers, 3PLs, and shippers, particularly in the North America and Asia-Pacific regions. Consequences included long delays, the re-routing of many shipments, shipments getting stuck in ports, frequent mode shifts (ocean to air), changes in destination ports, long transit times, missed sales for customers and considerable customer unrest. Amid these significant issues, the conflict underscored the importance of companies addressing risk mitigation and choosing a proactive 3PL partner with a proven track record and strategy for handling disruptions. Despite their customer’s problems with the affected ports, 3PLs believe that few of them will significantly change their degree of reliance upon those ports in the future.
• Global 3PL Industry Concerns: In Europe and North America, CEOs continue to be concerned by the truck driver shortage and talent management issues spanning the industry. Twenty-six percent of North American CEOs and 60 percent of Asia-Pacific CEOs cited the worsening driver shortage to be a key factor effecting the global 3PL market. Additionally, an inflexible workforce, oppressive regulations, rapidly changing market conditions, increased costs for technology upgrades and capacity constraints are dynamics these CEOs believe will affect the global 3PL industry over the next several years.
• Lower Oil Prices: In North America, 80 percent of CEOs reported that the decline in oil prices had a positive impact on key customers, particularly with regard to lower transportation costs. CEOs agree that lower oil prices are not likely to have a significant impact on the environmental sustainability programs of 3PLs.
• Economic Uncertainties: Changing economic conditions are impacting the 3PL industries in Europe and Asia-Pacific, in particular. While a few European CEOs reported observing some improvement in the Eurozone, many agree that the European 3PL market has not rebounded significantly in the past year. The majority of Asian-Pacific CEOs cite the declining GDP growth rate in China as an industry dynamic impacting the region’s 3PL industry, with additional responses citing infrastructure issues in the region’s emerging markets and difficulties in developing accurate economic forecasts.
• Future Impacts of Ride-sharing Services: Ride-sharing companies, most notably Uber, are believed to potentially pose a threat to aspects of the 3PL industry in the future. As an international transportation network with technology at its core, Uber operates in more than 60 countries and has attracted significant investment capital. The company could  eventually pose a threat to 3PL business, by providing last-mile delivery services, becoming a small LTL carrier and taking business away from small-volume couriers.

Survey Design
Thirty CEOs of large third-party logistics companies across North America, Europe and Asia-Pacific completed surveys via an Internet-based questionnaire during the summer of 2015. Companies participating in the annual survey included: Agility Logistics, CEVA Logistics, Cardinal Logistics, Coyote Logistics, Genco, DHL Excel Supply Chain, DSC Logistics, Kuehne + Nagel Logistics, Inc., Menlo Logistics, MIQ Logistics, Nippon Express, Panalpina, Penske Logistics, Rhenus Contract Logistics, Transplace, UPS Supply Chain Solutions, UTi Integrated Logistics and Werner Logistics.

About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. To learn more visit www.PenskeLogistics.com. Connect with Penske Logistics on social media: Move Ahead Blog, Facebook, Twitter, LinkedIn, Google+ and YouTube.

About D'Amore-McKim School of Business
Northeastern University's D'Amore-McKim School of Business, established in 1922, provides its students--undergraduate, graduate and executive--with the education, tools, and experience necessary to launch and accelerate successful business careers. The school credits its success to expert faculty, close partnerships with the business community, and its emphasis on rigorous academics combined with experiential learning. The school is nationally ranked by several prestigious publications. Most recently, Bloomberg Businessweek ranked the school's undergrad business program at #25 in the U.S. and #1 for internships for the eighth consecutive year. Bloomberg Businessweek also ranks the full-time MBA program #51 in the nation's top U.S. MBA programs. The school’s undergraduate supply chain management program is ranked seventh in the country by Gartner with respect to Value to Industry, and fifteenth in terms of overall program. For more information about the D'Amore-McKim School of Business, visit its award-winning website at http://damore-mckim.northeastern.edu/.

Thursday, September 24, 2015

Ryder Logistics Expert to Discuss North American Cross Border Activity at Inland Distribution Conference

MIAMI, September 24, 2015 – Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it will participate at the annual Inland Distribution Conference, October 6 – 8, at the Memphis Cook Convention Center in Memphis, Tenn.  Eugenio (“Gene”) Sevilla-Sacasa, Ryder’s Vice President of International Supply Chain Solutions, will be speaking at the conference about Ryder’s industry-leading experience with U.S.-Mexico and U.S.-Canada cross border network services.

TWEET THIS: Gene Sevilla, VP of @RyderPR’s International Supply Chain Solutions to speak at #Inland2015 about cross border solutions. @JOC_Events

During the Inland Distribution Conference, Mr. Sevilla-Sacasa will participate on a panel titled, “Crossing the Border: Are Canada and Mexico Really the Answer?”  The panel discussion will involve topics such as the history of North American Free Trade Agreement (NAFTA), North American cross border trade growth, cross border security, and tactics to avoid delays and extra costs at the borders.  The panel will be held on October 8 at 1:15 p.m. CST inside Ballroom C.

Mr. Sevilla-Sacasa is responsible for overseeing Ryder’s Supply Chain Solution business in Mexico, Canada, and parts of Asia.  Mr. Sevilla-Sacasa holds a M.B.A. in Finance from the Wharton School of Business at the University of Pennsylvania and a Bachelor of Science degree in Industrial and Systems Engineering from the Instituto Technologico de Monterrey in Monterrey, Mexico.  He was a past President of the U.S.–Mexico Chamber of Commerce, InterAmerican Chapter, Latin American Board-Member of the Wharton School of the University of Pennsylvania, and past member of the Society of International Business Fellows.

In addition to the panel, Ryder Director of Customer Logistics for Supply Chain Solutions, Frank Bateman, will present at the event with one of Ryder’s global automotive customers about the types of cross border solutions that the customer has implemented in its operations today. The presentation will take place on October 8 at 2:15 p.m. CST inside Ballroom C.

Ryder provides comprehensive logistics and supply chain management solutions to companies with operations in the U.S., Canada, Mexico and the U.K., as well as in parts of Asia.  In Mexico, Ryder manages more than 3.4 million square feet of warehouse and handles more than 11,200 cross-border freight movements between the U.S., Canada, and Mexico a month.  Globally, the Ryder Supply Chain Solutions business segment manages approximately 35 million square feet of warehouse space and contracts with more than 1,600 carriers in all modes of transportation in the markets it serves.

The Company, founded in 1933, operates behind the scenes, managing critical transportation and logistics functions for more than 50,000 customers, many of which make the products that consumers use every day.  Ryder employs more than 30,000 people and manages a fleet of more than 216,000 commercial vehicles.

The Inland Distribution Conference, brought to you by the JOC Events and its IHS parent company, is designed for retailers, manufacturers and other companies that utilize trucking, intermodal and seaports and need strategies to manage tight trucking capacity and rising prices associated with today's challenging transportation landscape.  For more information on the conference, visit http://events.joc.com/inland2015/.

About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company.  Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index.  Ryder has been named among FORTUNE’s World’s Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs.  The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts.  For more information, visit www.ryder.com, and follow us on our Online Newsroom, Facebook, LinkedIn, Twitter, and YouTube.

Note Regarding Forward-Looking Statements:  Certain statements and information included in this news release  are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions.  Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission.  New risks emerge from time to time.  It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business.  Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Friday, September 18, 2015


Strategic support of industries at the site, combined with $100 million in ongoing capital projects, are key to grow top employers

SAN ANTONIO, Sept. 18, 2015 —Port San Antonio is working hand-in-hand with its customers and public partners as it leads an effort to add 5,000 new jobs at the large industrial complex by 2020.

Port President and CEO Roland Mower unveiled the ambitious goal to business leaders and public officials at the annual State of the Port briefing, hosted by the West San Antonio Chamber of Commerce.

To achieve this goal, the organization’s priorities will focus on ongoing modernization of the former Kelly Air Force Base property and further growing the Port’s strategic collaboration with its customers as they pursue important opportunities locally, nationally and globally.

Mower pointed to ongoing capital improvement projects totaling over $100 million dollars that are central to converting the former base so that it meets 21st-century industry requirements. He noted these investments by the Port, its customers and public partners lay the foundation to retain and grow the site’s key employers. These include large aerospace, manufacturing, business services, logistics and Department of Defense operations. Those industries based at the Port already employ 12,000 workers and generate over $4 billion in regional economic activity each year.

“There is a lot that has already happened at the Port over the past 20 years,” he said, citing the 1995 decision by the Department of Defense to close Kelly Air Force Base. “But it’s no exaggeration to say that we’ve only just begun.”

“We are proud to be a vital part of San Antonio’s history and to be a key player in helping shape its future,” said Port Board Chairman Dan Weingart. “We’ve built a strong foundation for industries that have grown here and provided good jobs to thousands of people. There are many opportunities ahead to grow that number significantly. The time is now to take bold action and add to that record of success—to benefit today’s and future generations.”
“The Port is a vibrant and growing part of our community,” said San Antonio District 4 Councilman Rey Saldaña, who introduced Mower at the event. “As it redevelops the land that was once Kelly, the Port is part of an enduring legacy that is almost 100 years old and has transformed countless lives. With Roland’s continued leadership and ongoing support from partners at the City and elsewhere, I know there are new victories ahead. We are excited and energized by the Port’s bold vision to accelerate its job-creation mandate.”

Mower pointed out that only 40 percent of the Port’s 1,900 acres have been redeveloped to date. The expansive property, which is minutes from downtown and directly accessible by air, truck and rail, is a unique industrial and commercial platform for South Texas. Hundreds of acres are still available for strategic industrial and commercial expansions.

“This land holds the promise of future jobs. We need to move full speed ahead to align our property with growing opportunities that our customers are pursuing at this very moment,” he added.

Among the capital improvement projects that support ongoing operations and new development is the upcoming demolition of 500,000 square feet of obsolete warehouses adjacent to the north airfield. The effort will clear over 170 acres and make way for the construction of hangars and workshops. The $5 million project is a collaboration between the Port, City of San Antonio and the U.S. Economic Development Administration. Once cleared, the air-served acreage will represent an important opportunity for the region, making it one of only three sites in Texas that can accommodate large aerospace facilities that require direct airfield access.

Mower also noted that the City of San Antonio has begun work extending 36th Street by an additional half-mile into the heart of the property. The new road, which by 2016 will end close to large aerospace and Department of Defense facilities, will support growing commuter and logistics activity. It will also facilitate the development of mixed-use sites in the central part of the Port.

Similarly, CPS Energy and the San Antonio Water System (SAWS) are conducting nearly $16 million in upgrades to electric and water infrastructure at the Port—facilitating the work of current industries as well as upcoming land development.

In addition to the capital projects underway, Mower underscored the importance of working in close partnership with established customers to provide them strategic support as they grow their businesses.

He pointed to CIG Logistics as an important example. The operation, which specializes in the transfer of cargoes between railcars and trucks, has experienced a four-fold increase in activity since it opened for business at the Port’s East Kelly Railport in 2007. The transloader initially focused on transferring steel, lumber and other bulk commodities in support of the region’s manufacturing and construction industries.

Since 2011, with the advent of the Eagle Ford Shale play, the operation has seen a surge in demand for the movement of oilfield equipment and supplies. Accordingly, in 2012 the Port and CIG partnered with rail developer and operator Watco Companies, investing a combined $15 million in new track and storage infrastructure to accommodate the growing volumes.

Mower also highlighted the 15-year trajectory of Xerox, one of the Port’s earliest customers. Since 2000, the company’s operation (previously known as Affiliated Computer Services) has grown its local workforce from 100 startup workers to over 1,000 employees today. In August, Xerox announced that it will hire hundreds of additional workers to provide services in payment processing and customer support to public- and private-sector clients, which include Texas state government and major retailers.

He likewise noted that Boeing, which since 1998 has operated a 1.6 million square-foot aircraft maintenance facility at Kelly Field, recently renewed its lease at the Port by another 15 years.

“This is a powerful affirmation of our customer’s confidence in our community, our workforce and the Port. We stand ready to help Boeing and our other aerospace customers prepare for the future,” said Mower.

He explained that the aerospace industry has especially important growth opportunities taking place right now and in the years ahead. Boeing’s latest analysis foresees a doubling in the global commercial aircraft fleet within less than 20 years—from 21,000 aircraft today to 42,000 by 2034.

“The great news for San Antonio is that you get to build an aircraft only once, but you maintain it for decades after that,” said Mower. He pointed to the 100-year legacy of aircraft maintenance, repair and overhaul at Kelly Field—first as a military-run depot and, since the late 1990’s, as a place where Boeing, other top names in the industry and their combined workforce of 3,000 employees continue to provide an array of services to support military and commercial aircraft.

An integral component of the Port’s vision to help create 5,000 new jobs by 2020 is to collaborate with established aerospace industries on its property and elsewhere in the community to grow the diversity of services they provide. Given the opportunities presented by the fast-growing commercial sector, in recent months the Port’s efforts have sharply focused on helping position San Antonio as a “one-stop” aerospace support center.

“Aircraft owners and operators value efficiency," said Mower. "Being able to provide 'one-stop' maintenance by offering an array of services in a single community provides real value and makes the Port's customers and other aerospace businesses in San Antonio even more competitive in a global market."

As part of that effort, Mower noted the arrival of GoAeroMX earlier this year—among the Port’s newest customers. GoAero’s new workshop at Kelly Field has added avionics and in-cabin entertainment systems capabilities to the range of expertise available from the aerospace community at the Port.

Wednesday, September 16, 2015


OAK BROOK, Ill., Sept. 16, 2015 - Hub Group, Inc. (NASDAQ: HUBG) announced that Donald G. Maltby has been appointed President and Chief Operating Officer, effective today.  Mr. Maltby replaces Mark A. Yeager, who resigned on August 8, 2015.

David P. Yeager, Hub's Chairman and Chief Executive Officer, stated, "I am very pleased that Don has chosen to take on the role of President and Chief Operating Officer.  He is a hard worker and a strategic thinker with deep knowledge of the logistics industry as well as Hub's business and culture.  I look forward to working with him to drive our company forward."

Mr. Maltby has been providing consulting services to Hub's Board of Directors since January 2015.  He was Chief Strategy Officer for Hub from May 2014 until January 2015.  Previously, Mr. Maltby served as Chief Supply Chain Officer from January 2011 until May 2014.  Mr. Maltby has held several other positions at Hub since joining the company in 1990, including Executive Vice President-Logistics Services, President of Hub Online, the company's e-commerce division, and President of Hub Cleveland.  Prior to joining Hub, Mr. Maltby served as President of Lyons Transportation, a wholly owned subsidiary of Sherwin Williams Company. In his career at Sherwin Williams from 1981 to 1990, Mr. Maltby held a variety of management positions including Vice-President of Marketing and Sales for the Transportation Division. Mr. Maltby has been in the transportation and logistics industry since 1976, holding various executive and management positions.  Mr. Maltby received a Masters in Business Administration from Baldwin Wallace College in 1982 and a Bachelor of Science degree from the State University of New York in 1976.

About Hub Group:

Hub Group is a transportation management company providing intermodal, truck brokerage and logistics services throughout North America.  A top 50 publicly-traded company in the Chicago area, Hub Group, which has over 2,500 employees and $3.6 billion in revenue, focuses on solutions that offer customers better control of their supply chain while also controlling their costs.  For more information, visit www.hubgroup.com.

CN recognized as a transportation industry sustainability leader

Named to Dow Jones Sustainability World Index for the fourth year in a row

MONTREAL, Sept. 16, 2015 - CN (TSX: CNR) (NYSE: CNI) said today its sustainability practices have earned it a place on the Dow Jones Sustainability World Index (DJSI). This marks the fourth consecutive year that CN has been listed on the DJSI World Index and the seventh consecutive year that CN has been listed on the DJSI North America Index.

The DJSI follows a best-in-class approach, surveying sustainability leaders from each industry on a global and regional level. The annual review of the DJSI family is based on a thorough analysis of economic, environmental and social performance, assessing issues such as corporate governance, risk management, climate change mitigation, supply chain standards, stakeholder engagement and labour practices.

Jim Vena, executive vice-president and chief operating officer of CN, said: "Our sustainability agenda integrates our activities and shapes our thinking in a way that allows us to go further. CN leads the North American rail industry in fuel efficiency, consuming 15 per cent less fuel per gross-ton-mile overall than our peers. This important recognition highlights our ongoing commitment to operating a safe and environmentally responsible railroad."

CN's sustainability achievements are also marked by its ongoing commitment to its "EcoConnexions – From the Ground Up" program, which since 2012 has sponsored tree-planting projects in 85 communities. In combination with a mass reforestation program, this has resulted in over one million trees being planted across Canada and the U.S.

The DJSI World Index selects for inclusion the top 10 per cent of the 2,500 largest companies in the Dow Jones Global Total Stock Market Index from each sector based on their sustainability score.
Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading, sustainability-driven companies. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices.
CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. CN – Canadian National Railway Company, along with its operating railway subsidiaries -- serves the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America.


ATLANTA, September 16, 2015 – UPS® (NYSE: UPS) was named to the Dow Jones Sustainability World Index (DJSI World) for the third consecutive year. This index is one of the most highly-regarded sustainability indices that evaluates global companies on their sustainability performance. This ranking positions UPS in the top 10 percent of sustainability performers among the 2,500 largest companies tracked in the S&P Global Broad Market IndexSM. For the 11th straight year, UPS also was named to the DJSI North America Index. These indices help investors who integrate sustainability considerations into their portfolio decisions.
      “It is rewarding and exciting to see UPS’s industry-leading efforts in sustainability recognized by both the prestigious DJSI World Index as well as the DJSI North America Index,” said Rhonda Clark, UPS chief sustainability officer and vice president of environmental affairs. “We have worked hard to make a difference with our sustainability efforts. We will continue to set goals that improve the environment and the communities in which we live and work.”
      Earlier this year, UPS helped launch the American Business Act on Climate Pledge at the White House and pledged to reduce its greenhouse gas emissions intensity by 20 percent by 2020. UPS also recently announced that it plans to purchase up to 46 million gallons of renewable diesel fuel over the next three years. These efforts build upon UPS’s 14.1 percent reduction in carbon intensity in 2014 from a 2007 baseline.
      Companies are selected for inclusion on DJSI based on an in-depth analysis of various economic, environmental and social factors with an emphasis on long-term shareholder value. Created in 1999, the DJSI is the first global index to provide complex benchmarks for measuring corporate sustainability. The use of primary research, rules-based methodology and focus on best-in-class companies by DJSI make these indices valuable tools for examining leading sustainability-driven companies around the globe.  More than 3,400 companies were invited to participate in this year’s Corporate Sustainability Assessment.
      UPS has been honored with several other sustainability distinctions, including recognition as one of the “World’s Most Ethical Companies” by Ethisphere in 2015, being named among the “Best Global Green Brands” by Interbrand in 2014 for the fourth consecutive year, and CR Magazine named UPS to its “100 Best Corporate Citizens” list for the sixth consecutive year in 2015.

      For more information on UPS's sustainability initiatives, please visit www.ups.com/sustainability.
About UPS

UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world.  Learn more about our efforts at ups.com/sustainability. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com.

Thursday, September 10, 2015

XPO Logistics to Acquire Con-way

XPO will become the second largest provider of less-than-truckload (LTL) services in North America, and will expand its global contract logistics platform. The $3.0 billion transaction will increase XPO's revenue to $15 billion and will nearly double EBITDA to $1.1 billion, according to XPO. XPO intends to increase Con-way's annual operating profit by $170 million to $210 million over the next two years through synergies and operational improvements. 

GREENWICH, Conn. and ANN ARBOR, Mich. - September 9, 2015 - XPO Logistics, Inc. ("XPO Logistics" or "XPO") (NYSE: XPO) and Con-way Inc. ("Con-way") (NYSE: CNW) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Con-way. The transaction will enhance XPO's range of supply chain solutions by making XPO the second largest less-than-truckload (LTL) provider in North America, and will expand the company's global contract logistics platform. XPO will also capitalize on synergies from the combination with Con-way's managed transportation, truckload and freight brokerage businesses.

Headquartered in Ann Arbor, Mich., Con-way is a Fortune 500 company with a transportation and logistics network of 582 locations and approximately 30,000 employees serving over 36,000 customers. For the full year 2015, consensus analysts' estimates for Con-way are $5.7 billion of revenue and $528 million of adjusted EBITDA. The transaction is expected to be substantially accretive to XPO's earnings in the first 12 months.

All of the acquired operations - Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal - will be rebranded as XPO Logistics.

XPO intends to raise its year-end 2015 target run rates for revenue and EBITDA, and issue new long-term targets, upon completion of the acquisition.
Highlights of the Proposed Transaction
• Under the terms of the agreement, XPO will launch a tender offer for all of Con-way's outstanding shares at a cash price of $47.60 per share. Following the tender offer, if successful, Con-way will merge with a subsidiary of XPO, becoming a wholly owned subsidiary of XPO, and all remaining outstanding shares of Con-way will receive the same consideration paid to stockholders who participated in the tender offer.
• The total transaction value is approximately $3.0 billion, including $290 million of net debt. The transaction value represents a multiple of approximately 5.7 times Con-way's 2015 consensus EBITDA of $528 million. The per-share cash price represents a premium of approximately 31.6 percent compared to the closing price of Con-way common stock on September 8, 2015, and a premium of 22.9 percent compared to the average closing price over the trailing 90 trading days as of September 8, 2015.
• Bradley Jacobs, chairman and chief executive of XPO Logistics, will retain these positions and lead the combined company. Douglas Stotlar, Con-way's president and chief executive officer, will serve in a limited role as an independent advisor to the combined company through the first quarter of 2016.
• The transaction is not conditioned on financing. XPO has received committed financing from Morgan Stanley in the aggregate amount of $2.0 billion. The company has approximately $1.2 billion in cash and an undrawn $415 million ABL revolver, and Con-way has approximately $424 million of cash. XPO expects to substantially increase its ABL capacity based on the addition of receivables from the acquisitions of Norbert Dentressangle and Con-way.
• XPO will remain asset-light with net capex of 3.3% of revenue, and with asset-based operations accounting for about a third of sales.
• The transaction is expected to close in October 2015, following the successful completion of the tender offer and subject to the satisfaction of customary conditions, including regulatory approvals. The boards of directors of XPO and Con-way have unanimously approved the transaction.
• Download the full Investor Presentation.

• Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "Our opportunistic acquisition of Con-way will make XPO the second largest provider of less-than-truckload transportation in North America, a $35 billion market. LTL is a non-commoditized, high-value-add business that's used by nearly all of our customers. Con-way is a premier platform that we will run with a fresh set of eyes as part of our broader offering. Importantly, we'll gain strategic ownership of assets that will benefit our company and our customers during periods of tight capacity.

• "Another crown jewel in this transaction is Con-way's subsidiary, Menlo Logistics, an asset-light top 30 global contract logistics provider with additional lines of business in freight brokerage and managed transportation. Menlo serves blue chip contract logistics customers in verticals such as high tech, healthcare and retail, which complement the verticals we serve at XPO."

• Jacobs continued, "The Con-way transaction will nearly double our pro-forma full year EBITDA to approximately $1.1 billion and increase our revenue to $15 billion upon closing. We'll immediately begin executing our plan to improve the operating profit of the acquired operations by $170 million to $210 million over the next two years. We'll raise our year-end 2015 target run rates for revenue and EBITDA, and issue new long-term targets, when we close."

• Douglas Stotlar, president and chief executive officer of Con-way, said, "This landmark transaction provides immediate cash value for our shareholders and reflects the outstanding contributions of our employees over our 86-year history. The combination will mean more services for our customers, more miles for our drivers, and more career opportunities for our employees as part of XPO's global organization. We look forward to working with the XPO team to complete the transaction and ensure a smooth transition."

Compelling Rationale for the Transaction
The company will further its growth strategy with the addition of Con-way's transportation and logistics platform:
• XPO will offer best-in-class LTL services to its 16,000 customers in North America as the second largest LTL provider, with world-class capabilities for reliable, time-definite service. Nearly all of XPO's current brokerage customers require LTL transportation, and the majority of Con-way's 36,000 customers can utilize multiple XPO services.
• XPO expects to increase annual operating profit from the acquired operations by $170 million to $210 million through cost savings and operational improvements executed over the next two years.
• The combination will expand XPO's global contract logistics platform by 22 million square feet, to a total of 151 million square feet, and will add 160 facilities to the footprint. The acquired operations serve blue chip customers in verticals such as high tech, healthcare and retail, complementing XPO's expertise in aerospace, retail, telecom, agriculture, chemicals and food and beverage.
• The combination will strengthen XPO's position in the highly desirable e-commerce sector, which is projected to grow at a pace of 18% to 21% annually. XPO and Con-way both have e-fulfillment contract logistics platforms in North America and Europe.
• Between the recent acquisition of Norbert Dentressangle, and the planned acquisition of Con-way, XPO will have significantly more ground transportation capacity to serve customers in Europe and North America. XPO's network of brokered, owned and contracted capacity will have lane density covering approximately 99% of all postal codes in the United States, as well as the regions that produce 90% of the eurozone's GDP.
• The addition of Con-way's truckload fleet, including dedicated carriage, will increase cross-border Mexico services, which include intermodal, truck brokerage and expedite. Cross-border growth is projected to outperform industry growth, due to the near-shoring of manufacturing.
• The combination will grow XPO's global ground transportation network to approximately 19,000 owned tractors and 46,000 owned trailers, 10,000 trucks contracted through independent owner operators, and access to more than 50,000 independent carriers. In North America, XPO will have approximately 11,000 owned tractors and 33,000 owned trailers, 6,000 trucks contracted through independent owner operators, and access to more than 38,000 independent carriers.
• XPO will share best practices between its extensive LTL networks in North America and Europe to increase asset utilization and serve customers more efficiently. In Europe, XPO has leading LTL positions in the United Kingdom, France, Spain and Portugal.
• The company will have combined scale of approximately 84,000 employees at 1,469 locations in 32 countries. XPO will fully integrate all Con-way's operations under the single global brand of XPO Logistics and will expand the sharing of best practices throughout its organization.
$170 Million to $210 Million of New Operating Profit from Acquired Operations
XPO intends to increase annual operating profit from the acquired operations by $170 million to $210 million through cost savings and operational improvements executed over the next two years.

Within 12 months of closing the acquisition, the company expects to realize cost synergies through the following actions:
• Improving purchasing and supplier management related to facility operations, equipment, fuel, professional services, maintenance, supplies and marketing;
• Leveraging its combined technology infrastructure to reduce Con-way's annual technology spend of $227 million, which is largely outsourced;
• Eliminating duplicative back office and public company costs; and
• Expanding its freight brokerage platform with the integration of Con-way's $200 million brokerage business, to share capacity and data through XPO's proprietary Freight Optimizer technology.

In the second year, the company expects additional profit improvements by:
• Reducing its $3.6 billion combined spend on purchased transportation;
• Using the larger flow of data from its combined $2.7 billion of freight under management to identify carriers, assign loads and fill backhauls more efficiently; and
• Utilizing its extensive intermodal network to improve LTL line-haul efficiency.

J.P. Morgan and Morgan Stanley are serving as financial advisors to XPO Logistics, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor. Citigroup is serving as financial advisor to Con-way, and Sidley Austin LLP is acting as legal advisor.

About XPO Logistics, Inc.
XPO Logistics, Inc. (NYSE: XPO) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world. The company provides high-value-add services for truck brokerage and transportation, last mile logistics, intermodal, contract logistics, ground and air expedite, drayage, global forwarding and managed transportation. XPO serves more than 30,000 customers with a highly integrated network of over 54,000 employees and 887 locations in 27 countries. www.xpo.com

XPO's corporate headquarters is in Greenwich, Conn., USA, and its European headquarters is in Lyon, France. The company holds an 86.25% controlling interest in Norbert Dentressangle SA. The remaining ND stock is traded as GND on Euronext Paris / Euronext London ?- Isin FR0000052870. www.norbert-dentressangle.com

About Con-way Inc.
Con-way Inc. (NYSE: CNW), a Fortune 500 company, provides transportation, logistics and supply-chain management services to more than 36,000 customers in the manufacturing, industrial and retail sectors. The company is the second largest provider of less-than-truckload transportation and operates four additional lines of business: contract logistics, managed transportation and truck brokerage through its subsidiary, Menlo Logistics; and full truckload transportation. Headquartered in Ann Arbor, Mich., Con-way has 582 locations in 18 countries, and approximately 30,000 employees. The company had $5.8 billion of revenue for the full year 2014. www.con-way.com

Tuesday, September 8, 2015

Old Dominion Freight Line Announcement

Old Dominion Freight Line Announces LTL Tons Per Day and Revenue Per Hundredweight for July and August 2015

THOMASVILLE, N.C. Sept. 8, 2015 - Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today reported its results for less-than-truckload ("LTL") tons per day and revenue per hundredweight for July and August 2015. LTL tons per day increased 7.7% and 5.8% in July and August 2015, respectively, compared to July and August 2014. These increases reflected growth in shipments of 12.9% in July 2015 and 11.7% in August 2015 compared to the same months in 2014, partially offset by a year-over-year decline in LTL weight per shipment of 4.6% and 5.3% in July and August 2015, respectively.

Old Dominion also experienced a year-over-year decrease in LTL revenue per hundredweight of 0.8% for July 2015 and 1.2% in August 2015 compared to the same months in 2014, primarily due to declines in fuel surcharges. LTL revenue per hundredweight, excluding fuel surcharges, increased 5.3% and 5.6% in July and August 2015, respectively, compared to July and August 2014.

David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion, commented, "We are pleased to report the strong growth in our LTL shipments for July and August, which were consistent with our long-term growth trends. Our LTL tons per day also continued to grow against difficult year-over-year comparisons of 18.8% and 19.0% growth for July and August 2014, respectively, and the continued decline in our LTL weight per shipment. We believe the pricing environment continues to be stable and are confident in our ability to continue to gain market share while also improving our yield."

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could cause actual events and results to be materially different from those expressed or implied herein, including, but not limited to, the following: (1) the competitive environment with respect to industry capacity and pricing, including the use of fuel surcharges, such that our total overall pricing is sufficient to cover our operating expenses; (2) our ability to collect fuel surcharges and the effectiveness of those fuel surcharges in mitigating the impact of fluctuating prices for fuel and other petroleum-based products; (3) the negative impact of any unionization, or the passage of legislation or regulations that could facilitate unionization, of our employees; (4) the challenges associated with executing our growth strategy, including the inability to successfully consummate and integrate any acquisitions; (5) changes in our goals and strategies, which are subject to change at any time at our discretion; (6) various economic factors such as economic recessions and downturns in customers' business cycles and shipping requirements; (7) increases in driver compensation or difficulties attracting and retaining qualified drivers to meet freight demand; (8) our exposure to claims related to cargo loss and damage, property damage, personal injury, workers' compensation, group health and group dental, including increased premiums, adverse loss development, increased self-insured retention levels and claims in excess of insured coverage levels; (9) cost increases associated with employee benefits, including compliance obligations associated with the Patient Protection and Affordable Care Act; (10) the availability and cost of capital for our significant ongoing cash requirements; (11) the availability and cost of new equipment and replacement parts, including regulatory changes and supply constraints that could impact the cost of these assets; (12) decreases in demand for, and the value of, used equipment; (13) the availability and cost of diesel fuel; (14) the costs and potential liabilities related to compliance with, or violations of, existing or future governmental laws and regulations, including environmental laws, engine emissions standards, hours-of-service for our drivers, driver fitness requirements and new safety standards for drivers and equipment; (15) the costs and potential liabilities related to various legal proceedings and claims that have arisen in the ordinary course of our business, some of which include class-action allegations; (16) the costs and potential liabilities related to governmental proceedings; (17) various risks arising from our international business operations and relationships; (18) the costs and potential adverse impact of compliance with, or violations of, current and future rules issued by the Department of Transportation, the Federal Motor Carrier Safety Administration, including its Compliance, Safety, Accountability initiative, and other regulatory agencies; (19) seasonal trends in the less-than-truckload industry, including harsh weather conditions; (20) our dependence on key employees; (21) the concentration of our stock ownership with the Congdon family; (22) the costs and potential adverse impact associated with future changes in accounting standards or practices; (23) potential costs associated with cyber incidents and other risks, including system failure, security breach, disruption by malware or other damage; (24) the impact of potential disruptions to our information technology systems or our service center network; (25) damage to our reputation from the misuse of social media; (26) dilution to existing shareholders caused by any issuance of additional equity; and (27) other risks and uncertainties described in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Our forward-looking statements are based upon our beliefs and assumptions using information available at the time the statements are made. We caution the reader not to place undue reliance on our forward-looking statements (i) as these statements are neither a prediction nor a guarantee of future events or circumstances and (ii) the assumptions, beliefs, expectations and projections about future events may differ materially from actual results. We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.

Old Dominion Freight Line, Inc. is a leading, less-than-truckload ("LTL"), union-free motor carrier providing regional, inter-regional and national LTL services, which include ground and air expedited transportation and consumer household pickup and delivery through a single integrated organization. In addition to its core LTL services, the Company offers a broad range of value-added services including container drayage, truckload brokerage, international freight forwarding, supply chain consulting and warehousing.

Thursday, September 3, 2015

Americold Wins Bid to Build Temperature Controlled Storage Facility in Portland, Maine

The State-of-the-Art Port Facility will be Instrumental in Supporting Maine Port Authority’s Growth 

ATLANTA, Georgia, September 3, 2015 - The Maine Port Authority has awarded Americold (www.americold.com), the global leader in temperature-controlled supply chain solutions for the food industry, the bid to build a 150,000 sq. ft. facility on 6.3 acres of land adjacent to the International Marine Terminal in Portland, ME.

“Americold has been a fixture in the local community for more than 60 years, and this project solidifies our commitment to the City, the Port and the State,” commented Fred Boehler, President and COO of Americold.  “We’re excited about the opportunity to add a brand new, state-of-the-art showpiece building to the area and be a part of the future of the Port of Portland.  We plan to leverage our world-class ‘design, build and operate’ expertise to create a world-class facility to bring new business to Portland, while maintaining our existing relationships with local seafood companies, food producers, and retailers.”

Americold will partner with the Maine Port Authority to generate new opportunities for the Port, attracting business currently served at other ports and accommodating increased local demand by leveraging the site’s access to rail and road networks that are spared the congestion of ports to the south.

Eimskip, a global temperature-controlled shipping line based in Iceland, has invested in the Portland market establishing the Port of Portland as its primary U.S. port of call and has partnered with Americold on the development.  “We’re very pleased with the award and the opportunity to work with Americold and the Maine Port Authority to provide New England with the most advanced cold storage and transportation options on the east coast,” commented Larus Isfeld, Managing Director of Eimskip USA.

Eimskip will become an anchor tenant and is considering relocating its North American headquarters to the new facility once it’s completed.  Together, Americold and Eimskip will offer the market full temperature-controlled supply chain capability with multi-model transportation (Rail, Ocean, Over-the-Road), anchored by a state-of-the-art facility located on the Port offering enhanced services with lower costs, and expansion capabilities for both existing and new potential customers entering the market.

“New England is in need of port-based, temperature-controlled transportation and storage solutions outside of Boston.  Americold’s new facility will bring the latest in cold chain innovation right to our region’s doorstep, significantly reducing transportation times and costs associated with trucking down to Boston,” remarked John Henshaw, Executive Director of the Maine Port Authority.

The proposal for the new facility design took into consideration the needs of the Port, the local community, current customers and future occupiers.  Full final details are not yet available, but options for automation, sustainable operations and 24/7 services are all under consideration. The new site will provide work for approximately 200 personnel during construction and up to 30 full time jobs once the facility is in full operation.

Americold will now begin exclusive negotiations with the Maine Port Authority on a ground lease.  It is anticipated that the groundbreaking could occur in the latter half of 2016 with operations commencing within a year.

About Americold

Americold is the global leader in temperature-controlled supply chain solutions for the food industry, offering the most comprehensive warehousing, transportation and logistics solutions in the world. Based in Atlanta, Georgia, Americold owns and operates over 175 temperature-controlled warehouses, with more than 1 billion cubic feet of storage, in the United States, Australia, New Zealand, China, Argentina and Canada. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers. Americold serves more than 3,000 customers and employs 11,000 associates worldwide.

Tuesday, September 1, 2015

C.H. Robinson Worldwide, Inc. European Announcement

September 1, 2015, Eden Prairie, MN - C.H. Robinson Worldwide, Inc., one of the world’s largest logistics companies, announced today that Jeroen Eijsink has joined the company as President of C.H. Robinson Europe, B.V.

“Jeroen is a focused and proven collaborative leader who brings extensive European transportation expertise and significant leadership experience to his new role with C.H. Robinson,” said John Wiehoff, president and CEO at C.H. Robinson.

Since 1993, C.H. Robinson has offered road transport and freight forwarding services via a dynamic network of offices throughout Europe. Over the past three years, the company has accelerated growth in the European region by adding 18 offices, for a total of 52, and doubled headcount to over 1,000 customer-focused employees.

CP's President and COO to address investor conferences September 16 and 17

CALGARY, Sept. 1, 2015 - Keith Creel, Canadian Pacific (TSX: CP) (NYSE: CP) President and Chief Operating Officer, will address two investor conferences:

September 16, 2015 - CIBC's 14th Annual Eastern Institutional Investor Conference at 1:30 p.m. eastern daylight time in Montréal, Quebec.

September 17, 2015 - Morgan Stanley's 3rd Annual Laguna Conference at 2 p.m. pacific daylight time in Laguna, California.

There will be a live audio webcast of Mr. Creel's presentations. Replays of the webcast will be available in the Investors section of CP's website: www.cpr.ca

About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP.

HighJump Acquires Wesupply

Supply chain solutions provider expands strong European reach of HighJump TrueCommerce

MINNEAPOLIS and COVENTRY UK – SEPT. 1, 2015 -- HighJump, a global provider of supply chain management solutions, today announced that it has acquired Wesupply, a United Kingdom-based premier provider of supplier enablement and B2B integration solutions across multiple industries including retail, building, CPG, energy and manufacturing. With this acquisition, HighJump further expands its global footprint and extends its growing leadership position in the market for trading partner connectivity and omni-channel enablement.

Wesupply’s comprehensive electronic trading platform increases HighJump TrueCommerce EDI Solutions’ global reach to over 10,000 trading partners and 130,000 trading connections. The acquisition of Wesupply empowers the growth initiative of HighJump TrueCommerce with the addition of a true multi-tenant SaaS solution that enables quick onboarding of new trading partners and rapid time-to-value for community members.  The addition of Wesupply adds further to TrueCommerce’s significant scale in Europe and growing international presence.

“With the dynamics of today’s supply chain, retailers around the world are embracing omni-channel enablement as a top priority to remain profitable while meeting customers’ expectations across channels,” said Michael Cornell, CEO of HighJump. “With the addition of Wesupply’s platform, HighJump TrueCommerce will enhance its global trading network to offer a complete solution for retailers and suppliers, optimizing fulfillment sources and reducing procure-to-pay cycles.”

Wesupply has successfully deployed EDI and e-invoicing solutions to leading UK hubs and suppliers such as the UK grocer, Sainsbury’s, and builders merchant Saint-Gobain. The company offers a fully managed service platform complemented by a best of breed application for B2B message tracking, order fulfillment and invoice processing.

“The combination of Wesupply and HighJump will allow us to further expand our customer offerings while we continue to bring a unique approach to electronic trading and supplier onboarding,” said David Grosvenor, CEO of Wesupply. “We are constantly looking for ways to remove complexity from the supply chain and trading partner relationships. We look forward to continuing to execute on that vision with the HighJump TrueCommerce team and furthering the growth of the offering in Europe.”

About Wesupply 

Wesupply Limited provides a fully managed and outsourced electronic business-to-business integration service, using a unique approach that maximizes supply chain collaboration between independent organizations. This approach has consistently helped customers secure tangible operational cost savings along with improved customer service, since the business was founded in 1999. Companies across all industries, including Retail, Building, CPG, Energy and Manufacturing rely on Wesupply to manage business-critical information flows for their extended supply chain processes. To learn more, visit http://www.wesupply.com.

About HighJump 

HighJump is a global provider of supply chain management software and trading partner network technology that streamlines the flow of inventory and information from supplier to store shelf. We support more than 15,000 customers in 77 countries, ranging from small businesses to global enterprises. Our functionally rich and highly adaptable solutions efficiently manage customers' warehousing, manufacturing, transportation, distribution, trading partner integration, delivery routes, retail stores, and eCommerce. For more information, visit http://www.highjump.com.
HighJump is a trademark of HighJump Software Inc., registered in the U.S. and other countries. True Commerce is a trademark of True Commerce, Inc., an affiliate of HighJump.