IFCO Systems has opened the 100th location in its nationwide warehouse and logistics management network.
This segment of IFCO’s pallet management services business complements the company’s pallet recycling facilities. The network now includes operations in 92 major retailer distribution centers in addition to eight IFCO-owned
The Reverse Logistics Centers enable retailers to outsource all handling and management of reusable pallets, containers and other reusable and recyclable materials to IFCO at an off-site location.
Transferring these non-core warehouse activities to an IFCO RLC enables IFCO’s customers to maximize their warehouse productivity and reduce costs. “An efficient logistics network is a huge cost-reduction opportunity for our customers,” says, Tony Zinna, IFCO’s VP of Warehouse and Logistics Management Services. “These RLCs free up valuable space previously dedicated to pallet and container management and maximize merchandise backhaul opportunities.”
The Sterling facility, opened the first of this month, is located in Rock Falls, Ill. The Sterling RLC has the capacity to efficiently handle large volumes of inbound and outbound trailers carrying thousands of pallets and containers on a daily basis.
TJX Settles with State Attorneys General Over Data Breach
TJX Companies has settled with 41 state Attorneys General related to the company’s failure to protect its customers’ financial information and guard against a large data breach affecting thousands of customers.
As part of the agreement, TJX has agreed to pay $9.75 million to the states and to implement and maintain a comprehensive information security program, designed to safeguard consumer data and address any weaknesses in TJX’s systems in place at the time of the breach.
The settlement resolves the states’ investigation relating to the criminal intrusion into TJX’s computer system that was announced by the company more than two years ago.
“Under this settlement, TJX and the Attorneys General have agreed to take leadership roles in exploring new technologies and approaches to solving the systemic problems in the U.S. payment card industry that continue to plague businesses and institutions and that make consumers in the United States worldwide targets for increasing cyber crime,” said Jeffrey Naylor, chief financial and administrative officer for TJX.
Under the settlement, TJX has agreed to:
•Provide $2.5 million to establish a new Data Security Fund for use by the States to advance effective data security and technology;
•Provide a settlement amount of $5.5 million together with $1.75 million to cover expenses related to the States’ investigations;
•Certify that TJX’s computer system meets detailed data security requirements specified by the States; and
•Encourage the development of new technologies to address systemic vulnerabilities in the United States payment card system.
Following the data breach, 11 indictments were announced by the United States Attorney last August. To date, two of these indicted cyber criminals have pled guilty, and two other individuals have pled guilty to related charges.
The 41 States participating in the agreement are Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Vermont, Washington, West Virginia, Wisconsin, and the District of Columbia.