Sysco Breaks Ground on New Facility in Mesa, Arizona

$102 Million Investment Will Bring 257 New Jobs and a 353,600 Square Foot Facility to the Community
MESA, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation, the leading global foodservice distribution company, held an event today to celebrate the groundbreaking of its new 353,600-square-foot facility, Sysco Arizona East.

Attendees at the event included Sysco executives as well as:

• Mayor John Giles, City of Mesa,
• Arizona State Representative Neal Carter District 15,
• Arizona State Representative Lorena Austin District 9, and
• Arizona State Representative Seth Blattman District 9...

Tyson Foods and Gatik to Deploy Autonomous Trucks in Northwest Arkansas to Optimize Efficiency 

Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies, and Gatik AI, Inc. (Gatik), the leader in autonomous middle mile logistics, announced a multi-year collaboration to deploy autonomous refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. Operating 18 hours a day, trucks will deliver Tyson®, Jimmy Dean® and BallPark® products, among others, to the company’s distribution and storage facilities in the Rogers and Springdale, Arkansas areas.

The deployment will introduce Gatik trucks equipped with commercial...

Protein Association Heads to Florida for Annual Fall Meeting

The National Protein and Food Distributors Association (NPFDA) has announced that the 2023 NPFDA Fall Meeting will be held at the Hard Rock Hotel within the Universal Orlando Resort, September 17-20, 2023. Industry professionals will gather for networking opportunities, camaraderie, and a range of educational activities. The event will feature respected speakers, Roger Tutterow and Russ Webb.

Tutterow holds the prestigious role of Professor of Economics at Kennesaw State University and serves as the endowed chair of Henssler Financial. Dr. Tutterow's expert analysis of economic,business, and political environments has...

Curtis Frank Appointed President and CEO of Maple Leaf Foods

Maple Leaf Foods Inc today announced the appointment of Curtis Frank as its new President and Chief Executive Officer. Frank, who has built an impressive career at Maple Leaf Foods over more than two decades, takes on the role as Michael McCain steps down as CEO after 25 years of leading the Company. This transition represents the final step in a detailed succession plan that was announced last year, which will also see McCain continuing as Executive Chair of the Board of Directors.

"I am incredibly proud and humbled to...

Ferraro Foods Announces Major Expansion of Long Island Distribution Business

Ferraro Foods, one of the country’s largest specialty distributors of food and foodservice supplies to Italian restaurants and pizzerias, announced a major expansion of its Long Island distribution business with the addition of a 230,000-square-foot warehouse and distribution center located at 80 Wilshire Blvd in Edgewood, N.Y., positioning the company to greatly increase its share of the world’s largest, most concentrated local pizza market.

Situated near several major highways at the geographical center of Long Island, which accounts for the largest sales volume of specialty Italian foods in...

Sysco Reports Record Q3 Operating Income, Higher Operating Expenses

Sysco released its third-quarter earnings on Tuesday, reporting its adjusted Earnings Per Share (EPS) at $0.90. This was below what analysts were anticipating, contributing to a roughly 2% decline in Sysco’s shares (SYY) during premarket trading. On the year so far, Sysco's shares have advanced by about 0.5%. 

Sysco is a global leader in selling, marketing, and distributing food products to various outlets including healthcare and educational facilities. The company operates over 300 distribution facilities around the world. 

While the company's Q3 earnings missed expectations, gross profit for its 13-week...