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Business, Fuel, Logistics, Private

ADM Strikes Supply Deal for US Plant-Based Chemical Factory

Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.

Gerson Freitas Jr. | Bloomberg News
October 30, 2023
Business, Technology, Private

Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion

Amazon CEO Andy Jassy gave investors much of what they wanted: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.

Matt Day | Bloomberg News
October 27, 2023
Private

Sysco Breaks Ground on Distribution Facility in Arizona

Arizona state and local officials gathered for a groundbreaking ceremony at the site of Sysco Corp.’s future $102 million distribution center in Mesa.

Noël Fletcher | Staff Reporter
October 20, 2023
Government, Business, Technology, Autonomous, Private

Amazon to Test Prescription Delivery by Drone

Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications.

Tom Murphy and Haleluya Hadero | Associated Press
October 18, 2023
Business, Private

Sysco to Buy Food Service Distributor Edward Don & Co.

Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.

Keiron Greenhalgh | Staff Reporter
October 16, 2023
Government, Business, Private

Rite Aid Files for Bankruptcy

PHILADELPHIA — Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.

October 16, 2023
Government, Business, Private

California Eyes Lawsuit to Block Kroger-Albertsons Deal

California is preparing a lawsuit to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on concerns the deal could hurt consumers and workers, Attorney General Rob Bonta said.

October 12, 2023
Business, Technology, Equipment, For-Hire, Private

Mercedes Challenges Tesla's Battery-Powered Semi

Mercedes-Benz Trucks revealed a heavy-duty #electric #truck to take on Tesla’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics. 

October 12, 2023
Business, Private

PepsiCo Boosts Forecast as Sales Withstand Ozempic Threat

PepsiCo Inc. says appetite-suppressing drugs haven’t affected sales of its snacks and sodas, though the company is focused on package size as it aims to reach its raised annual forecast.

Brett Pulley | Bloomberg News
October 10, 2023
Business, Technology, Equipment, For-Hire, Private

Mercedes Unveils Longhaul Electric Truck

Mercedes-Benz Trucks revealed a heavy-duty electric truck to take on Tesla Inc.’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics.

William Wilkes | Bloomberg News
October 10, 2023