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US Foods Teamsters Overwhelmingly Ratify New Contract
Following a credible strike threat, more than 200 drivers and warehouse workers at US Foods in Indiana, represented by Teamsters Local 135, have overwhelmingly ratified a new four-year collective bargaining agreement. The contract is the direct result of members' readiness to strike, which forced US Foods management to agree to a strong, comprehensive deal that delivers significantly higher wages, a defined benefit pension, protections against automation, and safer working conditions.
"This contract is the result of the militancy and unity of our members, and it will hold management accountable," said Dustin Roach...
US Foods Serves Up Strong Financial Results; Sales Soar, Profits Rise
US Foods released its financial results for the third quarter, showcasing continued growth and strong business momentum.
During the quarter, total case volume increased 1.1% year over year (YOY), contributing to a 4.8% rise in net sales to $10.2 billion. This growth underscores the company’s solid market presence and steady demand for its products and services.
Gross profit rose 5.2% to $1.8 billion, representing 17.2% of net sales. Net income increased 3.4% to $153 million, while adjusted...
Teamsters Secure Major Contract Victory for US Foods Drivers Across the South
Following the threat of a strike, more than 200 US Foods drivers across Georgia, North Carolina, South Carolina, Tennessee, and Virginia have overwhelmingly ratified a new four-year collective bargaining agreement.
"We showed US Foods that we would not settle for less," said Glenn Tyler, a driver at US Foods and member of Local 71. "It feels great heading into work knowing we are protected and rewarded under such a strong Teamsters contract."
The workers, represented by Teamsters Locals 61, 71, and 391, won significant gains including wage increases...
US Foods Achieves Solid Q1 Results with Gains Across Key Segments
US Foods has released its financial results for the first quarter of fiscal year 2025, highlighting strong performance driven by a focused strategy and the company's ability to manage controllable factors while adapting to broader macroeconomic conditions.
“During the first quarter we outperformed the industry and again delivered strong profitability, with Adjusted EBITDA growing 9% and Adjusted Diluted EPS increasing 26%, despite the challenging operating environment and weather-related headwinds. Our results speak to the strength of our customer value proposition and relentless execution of our strategy,”...
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