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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
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
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:
“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...
FourKites Appoints Industry Veteran Bill Maw as Chief Financial Officer to Drive Continued Growth
Leading supply chain visibility provider FourKites today announced the addition of Bill Maw as the company’s new chief financial officer (CFO). Maw brings a decades-long track record of successfully leading high-growth companies through financing rounds, mergers and acquisitions, and IPO readiness, and has built finance teams supporting businesses across the globe. He joins FourKites at a time of tremendous opportunity and growth for the company and the supply chain industry as a whole, as the real-time visibility pioneer leads the transition to increasingly...
RLS Logistics New Jersey Cold Storage Warehouse Expansion Opens
RLS Logistics, a leading cold chain solutions provider, announces the opening of its expansion at its Newfield, NJ cold storage warehouse. The expansion has brought capacity for all teams at this campus.
"We are excited to bring cold storage capacity to our Newfield cold storage warehouse. This development provides growth opportunities not only in our cold storage business but also in our direct to consumer fulfillment and cross docking warehouse business units," said Russell Leo, CEO of RLS Logistics.
Their New Jersey 3PL warehouses offer frozen and refrigerated shippers looking for...
United Natural Foods Deploys New Zero-Emission Refrigerated Delivery System
United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announces that it is taking its next steps toward a zero-emissions future by deploying two battery-electric semi-trucks and five regenerative electric refrigerated trailer systems. UNFI is deploying the trucks and trailers in the Sacramento and Gilroy, California markets, just in time for the peak holiday selling season.
UNFI worked with Penske Truck Leasing to secure two, class-8 electric trucks, which include the Freightliner eCascadia, and the Volvo VNR Electric models. Both vehicles are well equipped...
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