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Showing posts from October 24, 2014

Extension of international import container demurrage free time at the Port of Long Beach

By: AJOT | Oct 23 2014 at 03:09 PM | Ports & Terminals

As a result of peak congestion at container terminals, the Port of Long Beach has exercised tariff provision 406(c) to allow container terminals in the Port to provide up to three additional working days of free time for the delivery of international import containers. This temporary provision will be in effect and applicable for containers discharged from vessels on October 18, 2014, through October 31, 2014.

We strongly urge that the import containers be picked up as soon as possible. 

Please consult with your ocean carriers and container terminals in which your import containers are discharged for details regarding how this applies to specific shipments.

During this period, all of the stakeholders in the ocean transportation industry need to continue do what we can to relieve congestion and bring the terminal service levels back to normal. 

Once again, the Port of Long Beach strongly urges importers to pick up their containers a…

YOU ARE WHAT YOU READ : Political Polarization & Media Habits

OCTOBER 21, 2014
BY  AND  When it comes to getting news about politics and government, liberals and conservatives inhabit different worlds. There is little overlap in the news sources they turn to and trust. And whether discussing politics online or with friends, they are more likely than others to interact with like-minded individuals, according to a new Pew Research Center study. The project – part of a year-long effort to shed light on political polarization in America – looks at the ways people get information about government and politics in three different settings: the news media, social media and the way people talk about politics with friends and family. In all three areas, the study finds that those with the most consistent ideological views on the left and right have information streams that are distinct from those of individuals with more mixed political views – and very distinct from each other. These cleavag…

Chiquita to Talk With Cutrale-Safra as Fyffes Rejected

By Jack Kaskey 

Oct 24, 2014 8:42 AM PT

Chiquita Brands International Inc. (CQB) will begin negotiations to be acquired by Cutrale Group and Safra Group after its shareholders rejected a proposed purchase of fellow banana producer Fyffes Plc. (FFY)

Chiquita is sitting down with Cutrale-Safra after rebuffing three prior takeover proposals from the Brazilian companies. 

Shareholders of Charlotte, North Carolina-based Chiquita didn’t back its bid for Fyffes at a special meeting today, according to a company statement, clearing the way for discussions on Cutrale-Safra’s sweetened $14.50-a-share offer.

“The likelihood is that Cutrale-Safra will ultimately succeed in acquiring Chiquita,”
said David Holohan, a Dublin-based analyst with Merrion Capital Group Ltd., which owns Fyffes shares on behalf of clients.

Cutrale, a closely held fruit juice company, and banks controlled by Brazil’s second-richest man, Joseph Safra, initially offered $13 a share, or $611 million, to buy Chiquita in August. 


NEW SHERIFF IN TOWN : Chiquita shareholders reject deal to buy Fyffes

Oct 24, 2014, 9:29am EDT


Ed Lonergan, CEO of Chiquita, says the Charlotte-based company will now "continue to discuss" a $14.50-per-share unsolicited proposal by two Brazilian companies, Cutrale Group and Safra Group, to take the company private.

Chiquita Brands International Inc. shareholders said "no" to the banana's company's plans to buy Fyffes plc.

The preliminary results of shareholders' votes were disclosed during an eight-minute special meeting of the Chiquita board of
directors this morning.

See Also

Cutrale-Safra boosts offer for Chiquita; stock price up

Chiquita rejects $14-per-share offer from Cutrale-Safra

Ed Lonergan, CEO of Chiquita, says the Charlotte company will now "continue to discuss" a $14.50 a share unsolicited proposal by Cutrale and Safra Groups to take the company private.

The vote brings a brief end seven months of uncertainty about the fate of Chiquita. In March, Chiquita announced the plan to buy Ireland-based Fyffes an…


George Hurst from Roundy’s Supermarkets honored as 2014 Mango Retailer of the Year

The National Mango Board (NMB) has honored George Hurst of Roundy’s Supermarkets as their 2014 Mango Retailer of the year. Each year, the NMB selects four Model Mango Retailers, one from each region of the U.S. All of these retailers are honored for their dedication to supporting the growth of the mango category. The winner was announced at the NMB’s Mango Industry Reception on October 18th during PMA Fresh Summit.

Mango Model Retailer and Mango Retailer of the Year program seeks to identify retailers that go beyond the efforts of a typical retailer in terms of supporting the mango industry. 

One of the four Mango Model Retailers is further honored as the Mango Retailer of the Year. 

The Mango Model Retailers for 2014 are:

 ** Chris Keetch of Ahold USA, 

** John Higgins and Mark DeCosta of Costco Wholesale 


 ** Ricardo DiMarzio of Shopper’s Food & Pharmacy. 

Each of the Mango Model Retailers has personif…