Dive Brief:
- PepsiCo will not renew a transportation and logistics contract with Worley Cos, ending a business relationship that lasted 35 years.
- The soft drink and snack-maker said it signed a deal with Genco, a Pittsburgh-based logistics company, to handle transportation and warehousing services for PepsiCo's manufacturing operations in Cedar Rapids.
- The move follows a series of similar actions across the country by PepsiCo. The company closed warehouses in two cities in Maine, shuttered a warehouse in upstate New York, and signed a new deal related to vending machine transport - all within the past few weeks.
Dive Insight:
There's no telling what is going on with PepsiCo, as there hasn't been any announcement of a major effort to revamp logistics. But four large-scale deals within a month would suggest that something is afoot.