Lineage, Inc. Reports Third-Quarter 2024 Financial Results

Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.

Third-Quarter 2024 Highlights

• Raised $5.1 billion in gross proceeds from the Company's July 2024 IPO, marking the largest IPO of the year and largest real estate IPO of all-time
• Total revenue increased 0.5% to $1.3 billion
• Net loss of ($543) million, or ($2.44) per diluted common share
• Total NOI increased 2.1% to $439 million
• Adjusted EBITDA increased...

US Foods Announces Private Offering of $500 Million of Senior Unsecured Notes

US Foods Holding Corp. (NYSE: USFD) today announced that its wholly-owned subsidiary, US Foods, Inc. (“US Foods”), intends, subject to market and other conditions, to offer (the “Offering”) $500 million in aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). US Foods intends to use the net proceeds of the Offering to repay a portion of the amounts outstanding under its term loan facility.

The Notes and the related guarantees thereof will be offered in a private offering exempt from the registration...

Walmart's Grocery Network Transformation: The Next Steps on Our Supply Chain Modernization Journey

In the last several years, something has become very clear: Walmart customers love options. From the strength of our delivery business to our innovative aisles in-store and online, we’re witnessing shoppers make use of every opportunity to save money and live better.

As customers change the way they shop, we’re taking steps to build even more trust with them, ensuring the things they want – and need – are on shelves faster than ever before. To do that, we've been investing... 

Checkers & Rally's Announces Strategic National Distribution Partnership with McLane

Checkers & Rally's, an iconic drive-thru restaurant chain known for flavorful, craveable food at a great value, today announced it has entered a partnership for distribution services with McLane Company, the largest systems distributor in America. The strategic alliance aims to strengthen operational efficiency and cost-effectiveness for Checkers as the company focuses on long-term growth.

"We are pleased to announce McLane as our exclusive national distribution partner, an important transition for our business as we reinforce our commitment to strengthening our operations in order to...

United Natural Foods, Inc. Extends Distribution Partnership with Whole Foods Market to 2032

United Natural Foods, Inc. announced today that it has extended its wholesale grocery distribution partnership with Whole Foods Market, an affiliate of Amazon.com, Inc. (NASDAQ: AMZN), by entering into an eight-year extension agreement with the company to serve as their primary distributor. The term of the newly extended distribution relationship between the parties will now run until May 2032, replacing the term of the prior agreement, which was set to expire in September 2027.

“We are proud to extend our longstanding partnership with Whole...

US Foods Reports First Quarter Fiscal Year 2024 Earnings

rew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion

Net Income of $82 Million

Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance

Closed on IWC Food Service Acquisition in April

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

First Quarter Fiscal 2024 Highlights

• Net sales increased 4.8% to $8.9 billion
• Total case volume increased 4.2%...

Performance Food Group and Industry-Leading Partners Unveil Sustainable Distribution Center

Advanced Energy Machines, FreeWire, GridMarket and Volvo Trucks North America played key roles in facility transformation

In recognition of Earth Day 2024, Performance Food Group Company (PFG) (NYSE: PFGC), Advanced Energy Machines (AEM), FreeWire Technologies, GridMarket and Volvo Trucks North America, partnered to hold a special open house event at PFG’s Gilroy, CA facility to show how the companies have collaborated to help create a sustainable distribution center model of the future.

PFG is committed to mitigating its carbon footprint and being responsible stewards of the environment...

Navis Food Partners Announces Partnership with Prime Source Foods

Prime Source Foods, a center-of-the-plate distributor based in Londonderry, NH, announced today that it joined Navis Food Partners, a partnership of independent foodservice distributors in the Northeast. Prime Source Foods is a large independently owned, center-of-the-plate food distributor in New England and eastern New York.

The acquisition of Prime Source Foods strengthens Navis Food Partners’ presence in the protein category as well as its geographic service footprint in New England. Together with City Line Distributors, Navis Food Partners now covers northern...

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Fourth Quarter Fiscal 2023 Highlights

• Net sales increased 4.9% to $8.9 billion
• Total case volume increased 5.6%; independent restaurant case volume increased 7.3%
• Gross profit increased 9.4% to $1.6 billion
• Net income available to common shareholders was $147 million
• Adjusted EBITDA increased 10.9% to $388 million
• Diluted EPS increased 59.5% to $0.59; Adjusted...

Amazon Could Face Government Order Making It Liable for Third-Party Products

Order from Consumer Product Safety Commission could classify company as a distributor, giving it the same safety responsibilities as traditional retailers

Amazon.com is facing a government order that could make it responsible for the safety of goods that it sells for outside vendors on its website and ships for them through its logistics network.

The U.S. Consumer Product Safety Commission is preparing an order that could classify Amazon's online retail business as a distributor of goods, according to people familiar with the matter. That designation could give Amazon...

United Natural Foods Expands Supply Chain Evolution with A.I.-Powered Warehouse Automation System

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center (DC), in Manchester, PA. This advanced system, manufactured by Symbotic, is the second installation for UNFI and part of the Company’s commitment to further enhance the effectiveness and efficiency of its distribution center network. Once installed, UNFI expects the system to enhance the customer experience, improve quality and service to customers, increase capacity within its facilities, and lower...

GS Foods Group Acquires Diamond Foods – Expanding Operations in Louisiana

GS Foods Group, Inc. (“GS Foods”), a world-class foodservice partner owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), today announced its acquisition of Diamond Foods, a regional K-12 food distributor based in New Orleans, Louisiana.

A leader in food service distribution and product solutions, GS Foods has nearly 50 years of experience meeting the unique needs of its customers nationwide. By integrating Diamond Foods into their operations in Louisiana, GS Foods builds on its recent acquisition of Lamm Foods...

GSF Leaders Appointed to Charity and Industry Boards

In recent months, several GSF leaders joined charity and industry boards, offering expertise and support to a variety of organizations. Serving on a board enables GSF associates to broaden their leadership skills, heighten their industry influence, and make a positive impact in the communities where GSF does business and where associates live.

For a three-year term beginning in 2024, the Association for Dressings and Sauces (ADS) appointed Trisha McRoberts, GSF’s Corporate Vice President and Chief Procurement Officer, to its Board of Directors. ADS represents manufacturers of salad dressing, mayonnaise, and condiment...

Baldor Specialty Foods Announces New Hires; Further Expanding Its Senior Leadership Team

Baldor Specialty Foods, the Northeast and Mid-Atlantic's largest premium produce and specialty foods distributor announced today several additional strategic hires and structural changes aimed at enhancing customer service, achieving future goals, and ensuring continued growth and success.

Today, the company reported:

Seth Gottlieb joins as Senior Vice President of Logistics, bringing over a decade of experience from Fresh Direct, where he served as the VP of Logistics and Operations Planning. At Baldor, Gottlieb will oversee inbound and outbound logistics, further elevating efficiency from vendor deliveries to final... 

Sysco Launches One Planet. One Table.

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, launched its One Planet. One Table. assortment, the foodservice industry’s largest offering of certified and sustainably focused products.

The Sysco One Planet. One Table. assortment includes over 3,000 items across 15 categories that are:

• Backed by one of 20+ leading sustainability certifications and standards,
• Included in Sysco’s sustainability commitments for seafood or fresh produce, or
• Plant-based alternative proteins.

“At Sysco, we're taking action to protect the health of our one and only planet. We have a growing market of customers looking for more...