Search:

The search returned 17 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

Harbor Wholesale Announces Acquisition of MTC Distributing Co.

Today, Harbor Wholesale, the Northwest's top family-owned, independent distributor, acquired Modesto, CA-based MTC Distributing Co. The combined 200 years of market leadership forms the premier customer-focused and family-owned distribution company on the West Coast. Justin Erickson, Harbor Foods' CEO and 4th generation owner, states, "this is an incredible opportunity to bring our family companies together into the 4th generation and beyond, maintaining and enhancing the culture that's made MTC and Harbor successful for a century. MTC celebrated 100 years in 2021, and...

Full Story »
Nov 23 8:32 AM, General News



Lineage Logistics Extends U.S. EPA SmartWay® Transport Partnership

Lineage Logistics, LLC, the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has renewed its participation in the U.S. Environmental Protection Agency’s (EPA) SmartWay Transport Partnership, a program that provides a framework to assess the environmental performance and energy efficiency of goods moving through supply chains so partnering companies can reduce their environmental footprint.

Launched in 2004, the SmartWay program helps companies advance supply chain sustainability by measuring, benchmarking and improving freight transportation efficiency. Moreover, the program also helps companies select more efficient...

Full Story »
Nov 9 9:08 AM, General News


Talks Break Down Between Sysco, Drivers as Strike Continues

Labor negotiations between food distribution giant Sysco, and the International Brotherhood of Teamsters, Local 653 in Boston and Local 317 in Syracuse, have stalled and the strike will continue.

Sysco wrote that despite its “best efforts” to bring an end to a work stoppage, the Teamsters’ leadership rejected its offer.

“The parties have not been able to reach an agreement because Local 653 demanded Sysco Boston associates participate in the critically underfunded union-sponsored pension plan, a move that Sysco Boston believes is not good for its associates,” Sysco wrote in a press release.

Full Story »
Oct 6 11:52 AM, General News


REPORTER: Will AB5 Spread Across the U.S.?

This article was originally featured in the Fall 2022 Edition of Urner Barry's Reporter magazine. Want a FREE subscription? Click HERE.

The trucking industry has taken its lumps over the last several years be it due to the COVID-19 pandemic, lack of drivers, chaos at ports due to ongoing supply chain issues, and other factors. Now comes the potential impact of a bill that has been around for a couple of years and is finally starting to make significant waves in California, the state where it was enacted. It’s called...

Full Story »
Sep 30 9:15 AM, Urner Barry


New Cold Storage Facility in SoCal Lands Safe Quality Foods Certification

West Coast Cold Storage, a Southern California-based food-grade warehousing service provider, attained Safe Quality Foods (SQF) certification for their new state-of-the-art facility.

The woman-owned facility boasts 124,000 Sq. Ft. of space and wrapped up the SQF auditing processing within six months of starting operations. The facility garnered a 97 out of 100 in its first audit.

The certification was administered by the Food Marketing Institute and recognized by the Global Food Safety Initiative (GFSI), the company shared in a press release...

Full Story »
Aug 31 9:46 AM, General News


Maersk’s Terminals Business Exits Russia with Sale of Russian Operator Global Ports

A.P. Moller-Maersk (Maersk)-owned APM Terminals (APMT) will divest its shares of Russian container terminal operator Global Ports Investments (GPI) to a long-term partner Delo Group.

The move follows Maersk’s decision to discontinue activities in Russia following the country’s invasion of Ukraine earlier in the year.

Specifically, APMT has now entered into a binding agreement, subject to regulatory approvals, to divest its entire 30.75% shareholding in GPI to APMT’s long-standing joint venture partner Delo Group who also owns 30.75% of the shares in GPI...

Full Story »
Aug 30 10:55 AM, SeafoodNews


Port of LA Hits New June Cargo Record

The Port of Los Angeles announced it moved 876,611 Twenty-Foot Equivalent Units (TEUs) in June, edging out last year as the best June in the Port’s 115-year history.

At the mid-point of 2022, the Port has handled more than 5.4 million TEUs, matching last year’s record-setting pace, the Port shared in a press release.

“Halfway through the year, we’ve been able to reduce the number of vessels waiting to berth by 75%, allowing dock workers to efficiently process more vessels...

Full Story »
Jul 18 8:00 AM, General News


USDA to Invest up to $65 Million in Pilot Program to Strengthen Food Supply

President Biden joined leaders from across the Western Hemisphere to present the Los Angeles Declaration on Migration and Protection at the Summit of the Americas. The Declaration seeks to mobilize the entire region around strong actions to bring the historic migration crisis under control. The Declaration is organized around three key pillars: (1) stabilization; (2) legal pathways and protections; and (3) humane migration management. In preparation for the Summit, the United States and other countries in the region developed a suit of bold new...

Full Story »
Jun 14 7:30 AM, General News


Latest Maersk Cold Storage Facility Set to Open in New Jersey This Fall

A cold storage facility serving both imports and exports of fish, poultry, beef, pork, fruits and vegetables will open in Dayton, New Jersey in October, Performance Team – A Maersk Company, announced on June 6.

Maersk explained that end-to-end supply chain solutions are made by the company’s Oceans services calling APM Terminals Elizabeth, New Jersey that can be integrated with Maersk Customs Services, USA Inc. customs clearance expertise and Performance Team – A Maersk Company’s 60+ warehouses and Transportation services - designed to serve storage, fulfillment...

Full Story »
Jun 8 9:39 AM, General News


Lineage Logistics Acquires Supply Chain Software Firm Turvo

Lineage Logistics acquired Turvo Inc., a leading provider of supply chain management, collaboration, and visibility software, per a June 1 announcement. The financial terms of the deal were not disclosed.

The move to acquire Turvo follows an initial investment made by Lineage Ventures and Lineage’s vision for improved supply chain collaboration. Turvo will now become a wholly-owned subsidiary of Lineage under its own brand.

“Lineage’s acquisition of Turvo was a natural extension of our partnership, through which we successfully launched Lineage Link™ last year,” said Adam Forste, Co-Executive Chairman...

Full Story »
Jun 2 11:36 AM, SeafoodNews


Lineage Logistics Named to CNBC Disruptor 50 List for Second Year in a Row

Lineage Logistics appeared on CNBC Disruptor 50 list in back-to-back years the company announced on May 17. The company landed on the #3 spot after debuting at the #17 spot in 2021.

CNBC’s list displays the 50 fast-growing private companies in a number of industries. 

Companies named as a CNBC Disruptor 50 are selected by CNBC and CNBC.com editorial staff using a proprietary blend of quantitative and qualitative information submitted by more than 1,400 nominated companies, Lineage shared in a press release...

 

Full Story »
May 20 8:20 AM, General News


Sysco to Deploy 800 Electric Trucks by 2026 for U.S. Customers

Food distribution giant Sysco signed a Letter of Intent (LOI) with truck manufacturer Daimler Truck North America (DTNA) to deploy nearly 800 battery-electric trucks set to serve Sysco customers by 2026, both companies announced jointly on May 19.

"Sysco is committed to making meaningful investments to support achievement of our climate goals, including those that encourage the development of electric tractors and trailers. We are eager to partner with a like-minded industry leader like Daimler Truck North America to deploy battery electric trucks nationwide,” said Marie Robinson...

Full Story »
May 20 8:06 AM, SeafoodNews


Diesel Prices Climb to Fresh Record High

According to data from AAA, diesel prices surged to a fresh record high this week at $5.55 per gallon. This is up about 13 cents from the week prior and a whopping 78% higher than a year ago.

Elevated diesel prices are intensifying inflationary pressures and raising the costs of production for a variety of industries including farming and manufacturing. 

The U.S. Bureau of Labor Statistics reported that inflation climbed to 8.3% in April. This was down slightly from the month prior but still a near 40-decade high. U.S. stocks were mixed following the latest CPI data...

Full Story »
May 11 9:29 AM, UB Newswires


Lineage Logistics’ Latest Acquisition Sets Groundwork for Significant Singapore Expansion

Cold storage giant Lineage Logistics has made another acquisition. This time the company has bought Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore.

Lineage said the financial terms of the deal were not made public, but the move sees Lineage acquire the market leader in Singapore for the provision of cold storage services and automated operations.

“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,” Jeff Hogarth...

Full Story »
May 9 8:00 AM, SeafoodNews


Lineage Logistics Expands Footprint in Canada Through Latest Acquisition

Lineage Logistics announced the acquisition of VersaCold Logistics Services, a Canadian cold chain solution provider from TorQuest Partners (“TorQuest”) and its co-investment partners, The Investment Management Corporation of Ontario (“IMCO”) and OPTrust on April 13.

VersaCold was founded in 1941 and has grown to run 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its network spans nine provinces and features facilities in some of the key metropolitan markets in the country.

“Our acquisition of VersaCold represents yet another...

Full Story »
Apr 13 11:03 AM, General News


Maersk Enters Air Cargo Sector as Customers Search for Shipping Options

Maersk has debuted Maersk Air Cargo which will become the shipping giant’s main air freight offering serving the logistics needs of its clients with integrated logistics.

At the same time, Maersk chose Denmark’s second largest airport, Billund, as its air freight hub for Maersk Air Cargo with daily flights creating several jobs in the region, the company announced in a press release.

“Air freight is a crucial enabler of flexibility and agility in global supply chains as it allows our customers to tackle time-critical supply chain...

Full Story »
Apr 8 10:56 AM, SeafoodNews







Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.