New ALDI Distribution Center to Provide Access to Fresh, Affordable Groceries to 8 Million Customers
Today, ALDI unveiled its completed regional headquarters and distribution center in Loxley, Alabama, which will ultimately serve as many as 100 stores across the Gulf Coast. As one of America's fastest growing grocers, ALDI is committed to bringing fresh, award-winning groceries and products at an affordable price to consumers from coast to coast, and the Loxley distribution center will support this commitment.
"At a time when inflation is putting pressure on American wallets, we believe our mission to save people money on the food...
To Read Full Story Login Below.
Armanino Foods of Distinction, Inc. Reports the Highest Frist Quarter Profits in Company's History
Armanino Foods of Distinction, Inc. reported its highest quarterly profits ever for the first quarter ending March 31, 2024. Armanino continued its profitability streak for the 83rd quarter in a row.
Net sales for the first quarter of 2024 were $15,720,317 compared to $16,351,866 for the same period last year, a decrease of 4%. Income before taxes for Q1 2024 was $3,116,504 compared to $2,561,406 for the same quarter in 2023, an increase of 22%. Net income for this period was...
Full Story »
Apr 23 10:09 AM, Urner Barry
Vertical Cold Storage Surges to Sixth Largest Cold Storage Provider in North America
Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, moved from 15th to sixth on the Global Cold Chain Alliance’s (GCCA) North American Top 25 List of Refrigerated Warehousing and Logistics Providers. The company now has more than 77 million cubic feet of capacity in nine locations and employs more than 400 full-time team members.
In the past 12 months, Vertical Cold acquired MWCold in Indiana, purchased a second facility in the...
Full Story »
Apr 23 10:32 AM, Urner Barry
Amazon Launches Low-Cost Grocery Delivery Subscription Plan in US
Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits.
The subscription plan would allow Amazon's Prime members to get unlimited grocery delivery at $9.99 per month on orders over $35 from Whole Foods Market, Amazon Fresh, and other local grocery and specialty retailers on the platform, including Save Mart, Bartell Drugs, Rite Aid and Pet Food Express...
Full Story »
Apr 23 8:33 AM, General News
ADM CFO to Resign as Company Faces US Government
Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.
Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data.
ADM had put Luthar on administrative leave in January as it launched an internal investigation focused on accounting practices involving the smallest of its three business units...
Full Story »
Apr 23 8:41 AM, General News
Prologis Warns of Slowing Industrial Real-Estate Market
Prologis, the world's largest industrial property company, logged better-than-expected revenue in the latest quarter but warned of a slowdown in warehousing markets in the coming quarters as customers focus on tamping down logistics costs.
The San Francisco-based real-estate giant cut its annual guidance for 2024, in the latest sign that the rapid growth in warehousing demand driven by the pandemic is waning amid broader shifts in consumer spending and tighter inventory controls by retailers and manufacturers.
Prologis Chief Executive Hamid Moghadam...
Full Story »
Apr 23 8:00 AM, General News
Iconic Trio Alert: Taco Bell, Lebron James and Jason Sudeikis for a Taco Tuesday Experience
Taco Bell is bringing icons together to shake up Taco Tuesdays with a new offering that builds on its long history of satisfying cravings with unparalleled value. Available exclusively on Taco Tuesdays from April 23 through June 4, the new $5 Taco Discovery Box brings together three of Taco Bell's most iconic tacos, including the brand-new Cantina Chicken Crispy Taco, and a medium fountain drink, delivering value, variety and craveability in one simple bundle. The limited time offer is accompanied by...
Full Story »
Apr 23 10:19 AM, Urner Barry
China E-Commerce Exports, Unreliable Red Sea Shipping Boost Air Cargo
Resurgent air cargo demand and rising rates, powered by the quasi-blockade of Red Sea shipping and continued growth in bookings by Chinese e-commerce platforms, during a normally slow shipping period is creating high expectations among air carriers for peak season and making logistics providers nervous about securing adequate capacity.
Air cargo demand has grown by double digits for four consecutive months, while rates have risen steadily since late February. The strength of the market rebound after a prolonged downturn that bottomed out last...
Full Story »
Apr 23 8:00 AM, General News
Brazil says Malaysia Clears Four More Halal Poultry Plants for Export
Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.
The South American country, the world's largest exporter of chicken meat, sold 13,600 metric tons of halal chicken to Malaysia in 2023, which was worth some $20 million, according to government data.
The new licenses were granted to plants located in the states of Parana, Minas Gerais...
Full Story »
Apr 23 10:47 AM, General News
Olymel to Close Quebec Processing Facility Focused on Poultry
Canadian meat processor Olymel announced last Friday the definitive closure of its Saint-Jean-Sur-Richelieu plant as of 19 July.
The plant had mainly processed poultry products, although it also made a small number of pork products.
“This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity,” explained the company. “A reorganization of production within the Olymel family will enable operations to be redeployed to neighbouring plants with residual capacity to handle these volumes.”...
Full Story »
Apr 23 8:00 AM, FeedInfo
Primark Owner AB Foods Lifts Profit Outlook, Sending Shares Up 10%
Associated British Foods forecast "significant growth" in full-year profit after reporting a 39% jump in the first half driven by margin recovery in both its Primark fashion retail business and its food operations.
The group, whose shares soared 10% in morning trading, had previously forecast "meaningful progress" in full-year profit.
The improved outlook reflected an expectation that Primark would continue to perform well in the second half, driven by new store openings and modest levels of like-for-like sales growth as it focuses on driving volumes...
Full Story »
Apr 23 8:07 AM, General News
