RMD Technologies teams with Verizon for new 'smart' temperature monitoring technology

RMD Technologies, LCC recently launched the D-Mometer and TAM Network, a "machine-to-machine" (M2M) solution that provides businesses and consumers real-time information on the time and temperature exposure of meats, produce and other perishable items.

FEATURES


Latest China supply crisis hits Yum! Brands stock hard

An abundance in refinery production is keeping gas prices in check.

Gas prices drop for 24th straight day despite geopolitical tensions

Wheat is down more than 40 cents in two weeks.

Wheat prices fall 32 cents in a week

Gas prices continue to drop from Independence Day spike.

Cheese remains below $2 for second week in a row

After hitting 6-year highs, gas prices tumble in a week.

How corn affects food prices

Corn prices were up 13 percent in the first six weeks of 2014 which will adversely affect the price of many of the foods you stock in your restaurant.

Gas prices hit 6-year highs over holiday weekend

Public pizza company stocks ride the positive jobs report.

Wheat prices remain solidly below $7

Pizza Hut parent company hits another fresh 52-week high last week.

The (half) year in review for the pizza segment

Digital ordering should make up more than half of sales for the bigger brands within the next year.

All eyes on Iraq as gas prices rise

Yum! Brands reach a fresh 52-week high on Friday.

Cheese prices rise sharply week over week

Gas prices inch higher as summer approaches.

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NEWS


Tyson’s tender offer for Hillshire set at $63 per share

Tyson Foods has commenced a cash tender offer for all outstanding shares of common stock of The Hillshire Brands Company at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies. The tender offer period will expire at midnight Aug.

Report: 93% of restaurant chains plan to raise menu prices

This year's unexpected food cost increases will likely to force chain restaurants to raise menu prices even as competition gets tighter. A new report from supply chain co-op SpenDifference shows that sharp increases in commodities have raised concerns that consumer food-inflation could reach 3 percent by the end of this year.

Tyson submits bid to buy Hillshire for $8.55B

Tyson Foods Inc. today announced it has submitted a unilaterally binding offer to acquire all outstanding shares of The Hillshire Brands Company for a price of $63 per share in cash.

(Updated) Tyson Foods expresses interest in purchasing Hillshire Brands

The Hillshire Brands Company issued the following statement in response to the unsolicited proposal by Tyson Foods on Thursday to acquire Hillshire Brands for $50 per share in cash. “Consistent with its fiduciary duties, and in consultation with its independent...

Restaurant chains ready to pull the trigger on menu price hikes

The majority of America’s chain restaurants held the line on price hikes the first part of the year but plan to start raising them, according to a new survey from SpenDifference, a restaurant supply chain co-op. The survey included nearly...

Pork prices expected to continue climbing due to virus

Due to the spread of a virus (PEDv) affecting hogs, pork supply shortages are expected in many countries in the near term. According to the Rabobank Pork Quarterly Q2 report, the ongoing spread of the virus in the Americas and...

Study: Charging for condiments will drive away consumers

With pressures from rising food costs, restaurant operators are seeking ways to increase check size without increasing the cost of popular menu items, but charging for condiments won't be the easy fix, according to new research from The NPD Group....

Toolkit published to help operators reduce food waste

The Food Waste Reduction Alliance has published the Best Practices and Emerging Solutions Toolkit to help foodservice businesses reduce food waste. The FWRA is a cross-sector industry initiative led by the Food Marketing Institute, the Grocery Manufacturers Association and the...

Report: Consumption shift in beef requires more cost control

Rabobank has published a new report on the U.S. cattle industry, calling for changes in the way beef is produced in order for the industry to remain competitive. In the new report, "Ground Beef Nation," Rabobank says that changing consumer preferences and a production model tailored to production of top-shelf steaks has put the U.S.

Survey finds food cost increases will beef up menu prices

A recent survey from SpenDifference found that American chain restaurants plan to increase menu prices as part of a move to offset higher food costs. Last year, 83 percent of the chains surveyed increased prices somewhat, while this year 92...

SeafoodGrabber creates social networking for buyers and sellers

The B2B networking site SeafoodGrabber has launched in Boston, offering a marketplace that accumulates and organizes prices from wholesale seafood suppliers and then displays unique pricing to each buyer, according to a company news release. SeafoodGrabber streamlines how unique pricing...

Restaurant groups pen letter to Congress over corn ethanol proposal

A group of restaurant and foodservice organizations has signed a letter addressed to Congress this week, asking for the elimination of the corn ethanol mandate in the Renewable Fuel Standard proposal. The letter, signed by the National Council of Chain...

Pizza operators plan for higher cheese prices if farm bill deal isn't reached

With the new farm bill still on the table less than a week before the Congressional Christmas break, some pizza operators are wondering how much cheese prices could rise if a deal isn't reached before the New Year. WNCT, a...

Restaurant organizations respond to EPA's Ethanol proposal

The Environmental Protection Agency's proposal to lower the biofuel-blending requirement, including corn-based ethanol, generated mixed responses from restaurant organizations. The EPA's proposal, announced late last week, is a step in the right direction to fix the "broken" Renewable Fuel Standard...

LeanPath releases latest food waste prevention system

LeanPath Inc., specialists in food waste prevention systems, announced the availability of its next-generation food waste measurement solution — the LeanPath 360 Food Waste Prevention System. The LeanPath 360 Food Waste Prevention System consists of the LeanPath Tracker 2.0, a...

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