| Archives/Subscribe | Printer-Friendly | Send to a Friend | www.foodshippersofamerica.org | September 14, 2015 |
2016 Scholarship Awards Increase:
$7,500 John J. Murphy Award, followed by individual awards of $5,000, $4,000, $3,000, $3,000 and $1,000.
A total of $22,500 will be distributed in 2016!
Link to access John J. Murphy Scholarship Application: www.foodshippersofamerica.org/scholarship.html.
We are pleased to offer the following sponsorship opportunities for the 61st Annual Food Shippers of America Conference February 28-March 2, at the J.W. Marriott Desert Springs Resort in Palm Desert, California.
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General Electric (NYSE: GE) has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
"With the sale of our Transportation Finance business to BMO, we have again found a buyer with a customer centric culture who is committed to the industry and growing this business with the help of our tenured and experienced team," said Keith Sherin, GE Capital chairman and CEO. "We continue to execute on our asset sales and are on track to reduce our ending net investment (ENI) by US$100 billion by the end of 2015 and expect to be substantially done with our exit strategy by the end of 2016," he added. Learn More... XPO Logistics Inc. said Wednesday it will acquire trucking company Con-way Inc. for $3 billion, capping a run of acquisitions that will make the company one of the largest freight transportation and logistics providers in the U.S.
The acquisition, following the $3.5 billion purchase of French trucker Norbert Dentressangle SA in June, will increase XPO’s annual revenue to $15 billion, more than six times the $2.4 billion revenue reported in 2014, the company said. Learn More... 
Matt Druten is no longer the president of Freightquote. On Tuesday, Mike Wilken, a spokesman for parent company C.H. Robinson Worldwide Inc., released a statement affirming that Druten, Freightquote’s president since early this year, has moved on.
Learn More... U.S. sales of Class 8 tractors declined 5.9 percent from July to August, but year-to-date sales are a healthy 22.1 percent over the first eight months of 2014. According to WardsAuto, U.S. sales in August were 21,998 compared with 19,627.
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Research firm Zacks has rated C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) and has ranked it at 3, indicating that for the short term the shares are a hold. 20 Wall Street analysts have given the company an average rating of 2.84. The shares have received a hold rating based on the suggestion from 15 analysts in latest recommendations. One brokerage house has given a strong sell on the shares. One market expert has a sell on the stock. Strong buy was given by three Wall Street analysts.
Learn More... The organic food and organic beverages market is growing at a significant rate, due to government regulations supporting the organic food and beverages, changing consumer perception towards organic food, and widening distribution channels. The increasing research and development activities for new products development are providing ample opportunities to the organic food and organic beverages market to grow, in the coming years. However, high cost issues of organic food and beverages, as compared to conventional food and short shelf life are some of the factors, restraining the growth of the organic food, and organic beverages market.
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A marketing message once bet consumers they could not eat just one Lay’s potato chip. It turns out they will buy more than one sized bag, too. Frito-Lay North America is having success with a new, smaller 8-oz bag of Lay’s, said Tom Greco, chief executive officer of Frito-Lay North America, in a September 9 presentation at the Barclays Global Consumer Staples Conference in Boston.
Learn More... Shares of Knight Transportation (NYSE:KNX) have earned a consensus recommendation of "Buy" from the 20 analysts that are currently covering the firm, Analyst Ratings Net reports. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.73.
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Truck buyers in the region around North Central Texas (and far beyond with the magic of the Internet) will get the opportunity to bid of a bevy of trucks, tractors and trailers two weeks hence during a Ritchie Bros. event slated for September 23-24 at its Fort Worth facility and also accessible online.
Learn More... CH Robinson Worldwide Inc. announced that Jeroen Eijsink has joined the company as President of C.H. Robinson Europe, B.V. Eijsink will report to President and Chief Executive Officer John Wiehoff.
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