Can Socialism Work for Business in NYC?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Americold opens $100M food hub in Kansas City
Cold storage provider Americold announced Tuesday that is has opened a 335,000-square-foot import-export hub in Kansas City, Missouri. The company partnered with Class I railroad Canadian Pacific Kansas City (CPKC) to develop the $100-million-plus facility. The new site can handle containers exceeding 50,000 pounds and will provide USDA inspections to circumvent potential border delays. The location will directly cover a 300-mile radius for food storage and distribution and act as a consolidation point for long-haul shipments. This is Americold's (NYSE: COLD) first location on the CPKC (NYSE: CP) line. The site is touted as a key hub for CPKC's single-line rail service for temperature-controlled shipments between the U.S. and Mexico. 'This is more than infrastructure – it's a fully integrated solution that connects food producers to consumers faster and more efficiently,' said Americold CEO George Chappelle in a news release. 'Simply put, we've unlocked a better way to move food.' The new hub is expected to create 190 jobs in Kansas City. 'With direct rail connectivity through CPKC and a talented local workforce, this new facility highlights how strategic partnerships can reshape industries and accelerate innovation,' said Kansas City, Missouri Mayor Quinton Lucas. 'We're excited to be at the center of that transformation.' Americold said the new location is part of a larger plan to open a network of import-export hubs through strategic partnerships with the goal to 'improve how food moves from origin to destination.' The company announced in May that it began construction on its first import-export hub in Canada. The location at Port Saint John in New Brunswick, Canada will be served by CPKC and global ports operator DP World. 'This facility is the first of many across our unrivaled North American network,' said CPKC President and CEO Keith Creel. 'By combining Americold with our secure, single-line cross-border service, we have created a new refrigerated supply chain for our customers shipping food and other temperature-controlled products across Canada, the United States and Mexico.' Americold's portfolio includes 1.4 billion cubic feet of refrigerated space at 235 facilities throughout North America, Europe, Asia-Pacific and South America. More FreightWaves articles by Todd Maiden: Forward Air misses Q2 mark; investors waiting to see if company will be sold GXO encouraged by pre-peak season activity, well positioned for 2026 Lineage says high food prices weighing on warehouse occupancy The post Americold opens $100M food hub in Kansas City appeared first on FreightWaves.
Yahoo
10 minutes ago
- Yahoo
Sherrod Brown to launch U.S. Senate bid against Ohio Sen. Jon Husted
COLUMBUS, Ohio - Sherrod Brown will run for U.S. Senate in 2026, seeking a political comeback in Ohio as Democrats hope for a sweeping rejection of President Donald Trump and his party, according to multiple news reports. The decision by Brown, 72, came months after he lost his U.S. Senate seat to Sen. Bernie Moreno in one of the country's most expensive races. This time, Ohio's most beloved Democrat will take on Sen. Jon Husted, who joined the Senate earlier this year after serving as lieutenant governor. first reported that Brown has shared his decision with Ohio labor leaders. Politico and Axios also reported his plans, citing unnamed sources. More: 11 pivotal Senate races for 2026 The Statehouse Bureau, a USA TODAY Network partner, is trying to confirm the news independently. A spokesperson for Brown did not immediately respond to a request for comment. Gov. Mike DeWine appointed Husted to replace Vice President JD Vance. Husted must run in November 2026 to keep his seat. Whoever wins in 2026 will be up for reelection two years later. Brown's decision ended speculation that he would run for governor against the presumptive GOP nominee, Vivek Ramaswamy. Former Ohio Department of Health Director Amy Acton is the only Democrat in that race, although former Congressman Tim Ryan is mulling a bid. Running for governor would have placed Brown at the top of Ohio's ticket in 2026. He also could have sat out the election and focused on a nonprofit he launched earlier this year. Instead, Brown opted to pursue a familiar job and the chance to help his party flip the Senate. Despite Brown's loss in 2024, Democrats in Ohio and nationally view him as key to breaking the hold Republicans have on the Buckeye State. GOP leaders control control every statewide executive office, but they're all term limited in 2026 and playing musical chairs in an effort to maintain power. Brown received 117,250 more votes than former Vice President Kamala Harris. Democrats contend that math will be in their favor when the president isn't on the ballot and GOP candidates face questions about Medicaid cuts, immigration raids and the widespread firing of federal employees. Husted, for his part, has been a reliable supporter of Trump's agenda since he took office. He supported the budget bill that slashed $1 trillion from Medicaid, eliminated taxes on tips, increased the child tax credit and enacted tax cuts that primarily benefit high earners. This story will be updated. State government reporter Haley BeMiller can be reached at hbemiller@ or @haleybemiller on X. What do you think about Sherrod Brown running for U.S. Senate? This article originally appeared on The Columbus Dispatch: Sherrod Brown to launch Ohio Senate Bid against Jon Husted
Yahoo
10 minutes ago
- Yahoo
Under Armour (UAA) Declines on 3rd Day as Analysts Turn Pessimistic
We recently published . Under Armour Inc. (NYSE:UAA) is one of the best-performing stocks on Monday. Under Armour extended its losing streak to a third consecutive day on Monday, shedding another 5.88 percent to close at $5.12 apiece following the rating and price target downgrades from two investment firms. In its market note, Truist Securities lowered its price target for shares of Under Armour Inc. (NYSE:UAA) to $5 from $7 previously, while maintaining a 'hold' rating, amid tariff headwinds that continue to put incremental pressure on its bottomline. While Under Armour Inc. (NYSE:UAA) has previously expressed optimism about emerging positive indicators, Truist said it was waiting for more signs that turnaround initiatives and heavy brand investments would help drive demand before meriting an upgrade. For its part, Stifel gave a price target higher than Truist, at $9, albeit a downgrade from the $10 previously. Stifel also maintained a 'buy' recommendation for the stock. According to Stifel, its revision reflected Under Armour Inc.'s (NYSE:UAA) weaker outlook guidance for the second quarter of fiscal year 2026, adding that the full fiscal 2026 could be half of 2025 levels. Copyright: halfpoint / 123RF Stock Photo On Friday, Under Armour Inc. (NYSE:UAA) said it narrowed its net loss for the first quarter of fiscal year 2026 by 99 percent to $2.6 million from $305 million in the same period last year. While we acknowledge the potential of UAA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
