Oats Shortage Spurs Rail Delays Hit Canadian Supply Chain
A Canadian oat shortage due to rail bottlenecks delays in moving oats into the United States, affecting availability for PepsiCo Quaker Oats at Cedar Rapids. Canadian National and Canadian Pacific face overdue grain car orders. 25,000 cars exist with weekly grain allocations of 10,000 to 11,000. Authorities warn several months needed to boost supply with Europe deliveries taking longer.
MENTIONED IN THIS ARTICLE
PepsiCo
Cedar Rapids
Canada
United States
Canadian National Railway
Canadian Pacific Railway
Candace Mueller-Medina
Quaker Foods North America
CPR
CNR
U.S
Bloomberg News
Europe
Shawn McCambridge
Jefferies Bache LLC
Chicago
McCambridge
Frozen custard maker finds ready market
David Gott, a stock broker turned founder of Gott Ice Cream in North Liberty, expands into frozen custard with David's Famous Gourmet Frozen Custard. The product uses 4 percent egg yolk solids and is produced at the University of Minnesota plant, then packed at Crest Foods in Ashton and stored in Des Moines. With 29 of 30 grocery stores showing interest, Gott weighs building a dedicated plant to increase production.
MENTIONED IN THIS ARTICLE
David Gott
Gott
Gott Ice Cream
North Liberty
David
New York
Graeters
Cincinnati
Haagen-Dazs
Midtown Manhattan
Trader Joe’s
University of Minnesota
Crest Foods
Ashton
Des Moines
Ae Mamin Pnolws
He Geeetle
Hannah Theisen
Iowa City
Dave Gott
Lantern Park Plaza
Coralville
Aaron Moka
Durable goods orders fall less than forecast in January
Commerce Department data show a 1 percent drop in durable goods bookings in January, smaller than the median Bloomberg forecast of a 1.7 percent decline. Excluding transportation, orders rose 1.1 percent, the best gain since May, suggesting tentative manufacturing revival as winter eases and demand stabilizes.
MENTIONED IN THIS ARTICLE
Commerce Department
Bloomberg
Brett Ryan
Deutsche Bank Securities
New York
Best Buy Profit Rises as Costs to be Cut Sharply
Best Buy posts a fourth quarter profit of 310 million or 88 cents per share on continuing operations for the period ended February 1, reversing a 461 million loss a year earlier. Revenue declines 3 percent to 14.47 billion, missing expectations, as the retailer plans about 1 billion in annualized cost cuts to fund its turnaround.
MENTIONED IN THIS ARTICLE
Best Buy
Thomson Reuters
Wal- Mart
Amazon.com
Also Mentioned on This Page
Quaker
George C. Ford
the Gazette
George
Ford
Nedia
Sourcemedia
Vantu
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