GSF Promotes Bill Chiou to Vice President, Global Applications & Welcomes Guillermo Hernandez Garcia

In recent leadership news, GSF is pleased to announce the promotion of Bill Chiou to Vice President, Global Applications and the appointment of Guillermo Hernandez Garcia as Group Vice President, Supply Chain.

In late April, Bill assumed his elevated information technology role of Vice President, Global Applications. In this position, he oversees the strategic development, implementation, management, and continuous improvement of GSF’s global applications portfolio. He ensures business applications support and advance the company’s strategic objectives, operational efficiency, and digital transformation initiatives across all divisions and geographies.

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,”...

Sysco Corporation Delivers Q3 Financial Results

Sysco Corporation released its financial results for the third quarter of its fiscal year, highlighting some growth despite a challenging operating environment. Unfavorable foreign exchange movements, disruptive weather events, wildfires, and softening consumer confidence have all impacted results for the period.

Total Sysco

Sysco Corporation reported a 1.1% increase in sales for the third quarter, despite a 2.0% decline in U.S. Foodservice volume. Gross profit edged down 0.8% to $3.6 billion, while operating income fell 5.7% to $681 million. Adjusted operating income declined 3.3% to $773...

GSF Appoints Everton Harris as Corporate Senior Vice President and Chief Human Resources Officer

Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice industry, is pleased to announce the appointment of Everton Harris as corporate senior vice president and chief human resources officer, and the promotion of Campbell Cooper to corporate senior vice president and chief customer and strategy officer.

Based in Irvine, California, Harris joined GSF in December 2024 to serve as a strategic business partner and trusted advisor to the chief executive officer, senior executive team and board of directors...

Teamsters at Sysco Houston Authorize Strike

Over 430 drivers, warehouse workers, and mechanics represented by Teamsters Local 988 have voted overwhelmingly to authorize a strike after Sysco failed to present an acceptable contract offer.

"Nothing our members are demanding is unreasonable," said Robert Mele, President of Local 988. "These workers want what everyone in this country deserves: fair wages, quality health care, and a secure retirement. If Sysco refuses to get serious at the bargaining table, we are ready to hold them accountable for their greed."

The Teamsters represent more than 10,000 workers at Sysco...

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...