Business, Technology, Logistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

A DoorDash delivery bag sits on the floor inside a Washington, D.C., restaurant on March 26. Andrew Harrer/Bloomberg News

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

December 9, 2020
Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

Doordash's logo is displayed on an iPhone. (Gabby Jones/Bloomberg News) Gabby Jones/Bloomberg News

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020
Government, Business, Safety, Logistics

Smithfield Goes On Defensive Over COVID-19 Response

Smithfield plant in Sioux Falls, S.D. The Smithfield Foods plant in Sioux Falls, S.D. Smithfield Foods Inc. took out a full-page ad in Sunday’s edition of The New York Times to accuse its critics of false narratives and misinformation. (Dan Brouillette/Bloomberg News)

Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.

August 3, 2020
Business, Safety, Top 100

JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak

A Kroger employee restocks meat at a store location in Kentucky in March 2019. A Kroger employee restocks meat at a store location in Kentucky in March 2019. Recent meat plant closures are stoking concern about the national supply. (Luke Sharrett/Bloomberg News)

JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.

April 20, 2020
Government, Business, Logistics, TCA

Kroger CEO: ‘There’s Plenty of Food in the Supply Chain’

An employee restocks shelves in the meat section at a Kroger Co. supermarket in Louisville, Ky. An employee restocks shelves in the meat section at a Kroger Co. supermarket in Louisville, Ky. (Luke Sharrett/Bloomberg News)

Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.

Alexander Coolidge | Cincinnati Enquirer/The Columbus (Ohio) Dispatch
March 18, 2020

Apollo Offers $1.1 Billion to Buy Back Smart & Final Stores

Smart & Final A Smart & Final store in West Los Angeles, Calif. (WikiMedia)

Apollo Global Management is getting back into the grocery business in a big way.

Daniel P. Bearth | Senior Staff Writer
April 22, 2019
Business, Technology

FoodMaven Secures $10 Million Funding Round

vegetables closeup TT file photo

FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said.

January 29, 2019

H.I.G. Capital Acquires Lipari Foods

Lipari Foods A Lipari sign. (Great Lakes Aerial Video Services via YouTube)

Global private equity firm H.I.G. Capital has acquired Lipari Foods from Sterling Investment Partners, per a Jan. 8 press release. Financial terms were not disclosed.

January 16, 2019
Business, Logistics

MonarchFx Launches Fulfillment Systems for Food and Beverage Sector

MonarchFx, a business unit of Tompkins International, announced the launch of its customer-centric fulfillment systems for the food and beverage sector.

Monarch logo

Dan Ronan | Senior Reporter
June 27, 2018
Government, Business

Dot Foods to Expand Operations in Western Maryland

Dot Foods

Dot Foods will expand operations in western Maryland with a two-phase project that will add at least 100 new jobs over the next seven years, many of which will be truck drivers, the company announced on Sept. 14.

Dan Ronan | Senior Reporter
September 16, 2016