Axis Purchasing, the group purchasing organization, identified savings for its foodservice
members of more than $15 million in 2014.
Gas prices have fallen 50 cents in the past month and are more than $1 lower than they were this time last year.
Fuel experiences its longest streak of declining prices on record, according to AAA.
Despite a number of headwinds such as high cheese and beef prices and labor pressures, many operators remain optimistic for 2015.
The average cost of fuel is nearly 70 cents lower per gallon than it was last year at this time, and has dropped below the $2 mark in 13 states.
On top of record-high commodities prices, labor inflation, technology costs and health care/menu labeling logistics, there is also intensified competition in foodservice.
Gas prices drop another dime in a week.
Domino's shares are up 3,000 percent compared to where they were before the company's turnaround effort in 2010.
Heading into the busiest travel day of the year, gas prices have fallen for 60 consecutive days.
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Gas prices are down more than a quarter from a month ago.
The Federal Trade Commission alleges that if the merger between Sysco and US Foods goes forward as proposed, foodservice customers, including restaurants, would likely face higher prices and diminished service.
News comes at a time when beef prices are at historic highs, as is demand for premium beef; new Irish supply could bring price relief.
Last week, the Environmental Protection Agency announced it will delay the 2014 ethanol volume mandate, a move that will continue to affect commodities costs. The announcement was greeted with strong opposition from restaurant industry organizations. "We are disappointed that the...
Mars Inc. and Barry Callebaut, two chocolate giants, have warned of an impending chocolate shortage.
XPIENT offers integrated cloud-based human resources, staffing and scheduling, food cost control and inventory and supply management solutions.
Research and Markets has released the "Global Cheese Market 2014-2018" report to their line of products.
Restaurants Canada is calling on a government commission to be more transparent as it investigates the cost of production formula used in setting the price of Ontario chicken.
Culinary Software Services recently released ChefTec xt4, featuring simplified entry of Hazard Analysis & Critical Control Points information, a new EDI interface with FreshPoint and improved interfaces.
Participants will be entered in a drawing to win a $100 Amazon gift card and will receive a complimentary copy of the findings.
Restaurant supply chain co-op SpenDifference has launched the latest survey in its menu price tracking study program. U.S.
The webinar, sponsored by the US Department of Agriculture, will offer information on reducing food waste through food donation.
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.
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.
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.
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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.