logo
Top Parkland Holder Backs Sunoco Deal, Urges Others to Adhere

Top Parkland Holder Backs Sunoco Deal, Urges Others to Adhere

Bloomberg06-06-2025
The top shareholder in Parkland Corp. said it supports the Canadian fuel distributor's proposed takeover by Sunoco LP, describing the deal as a turning point for the company.
Barbados-based investment firm Simpson Oil Ltd., which holds 19.8% of Parkland's outstanding common shares, said it will vote in favor of the transaction and urged other shareholders to do the same.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Airlines say AI won't set fares by passenger. Experts aren't so sure.
Airlines say AI won't set fares by passenger. Experts aren't so sure.

Yahoo

time12 minutes ago

  • Yahoo

Airlines say AI won't set fares by passenger. Experts aren't so sure.

Cruising Altitude is a weekly column about air travel. Have a suggestion for a future topic? Fill out the form or email me at the address at the bottom of this page. It's no secret that airline pricing can be opaque and confusing to many travelers – even to experts. When I spoke to William J. McGee, senior fellow for aviation and travel at the American Economic Liberties Project, we joked that one of the worst questions an aviation expert can get asked at a party is, 'how do I find a good deal on airfare?' The answer is usually best represented by the shrugging emoji: ¯\_(ツ)_/¯ However, flight pricing is getting a renewed round of attention after Glen Hauenstein, president of Delta Air Lines, acknowledged on the company's earnings call last month that the airline is testing a new AI tool to help set its fares. Panic from consumers, advocates and even lawmakers naturally ensued as the specter of a new way for corporations to squeeze every penny out of us appeared on the horizon. For now, Delta (and other airlines) insist that they're not using AI to make prices truly individualized, but as technology gets more sophisticated, the already-dynamic pricing model used in the aviation industry is likely to get more granular. How do airlines price tickets today? Again, I say: ¯\_(ツ)_/¯ 'This is such an opaque process, there is so much that we don't know about what they know about us,' McGee said. Airlines acknowledge using some of our personal data in setting prices even now but say that such information is used only in the aggregate, not to tailor fares to individual travelers. In a letter to senators after last month's earnings call, Delta Air Lines' Executive Vice President of External Affairs, Peter Carter, explained how the carrier does and doesn't use passenger data for setting prices. 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data. ... Our AI-powered pricing functionality is designed to enhance our existing fare pricing processes using aggregated data,' the letter said. 'Given the tens of millions of fares and hundreds of thousands of routes for sale at any given time, the use of new technology like AI promises to streamline the process by which we analyze existing data and the speed and scale at which we can respond to changing market dynamics.' Still, McGee said airlines have a history of testing the limits of price differentiation. 'It's really a much longer story going back 20 or 25 years at least. The technology has improved for them, and that has increased the airline industry's ability to tailor surveillance pricing, individualized pricing,' he said. For now, Delta says it's just using AI technology to streamline the work of its human analysts, who ultimately set and file its fares. Kyle Potter, editor of Thrifty Traveler, a travel and flight deal website, said it makes sense that airlines don't have the technical capability right now to target prices at specific passengers, because the system airlines use to file their fares relies on outdated technology. 'The technology in how airlines set fares and distribute them to their own website and other third-party sites, is really a roadblock to offering truly individualized airfare,' he said. 'There's no way to weave in the massive amount of data that airlines have or could have into offering a truly dynamic set of prices that varies from person to person. That's just not possible today at any kind of scale that I'm aware of.' How could AI be used for airline pricing in the future? For a third time I say: ¯\_(ツ)_/¯ There are just too many variables to be sure about how all this will develop. 'Where we're at right now is that we're going to come to look at Delta's comments last month to investors as a trial balloon for just how far Americans would be willing to go to accept some level of personalized pricing,' Potter said. 'The answer, at least for the last month, has pretty clearly been not at all.' Delta, which is the poster child for pricing developments in the airline world right now, insists it has no intention to ever set truly individualized prices. 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,' Carter's letter said. But McGee, who works as a consumer advocate, said it's important for both passengers and regulators to not get complacent as predictive pricing technology gets more powerful. 'It's going to be very hard, but it's necessary, for regulators and legislators to get their hands around this and understand it,' he said. 'It's not unimaginable that if this goes unchecked and there's not action by Congress or (the Department of Transportation), we may all be paying a different fare for the same flight within a few years. That's going to be a tough thing to undo.' Potter agreed with McGee's assessment. 'I think what we saw this year, what we've seen again and again and again over the last several decades is that airlines will do whatever it takes to charge people the highest fares possible within the constraints of the technology that they currently have,' he said. 'The global airline industry has been trying to push towards a future of personalized airfare. Just because there's a backlash now doesn't mean this isn't going to happen eventually.' Last week's Cruising Altitude: Travel tips every senior should know for stress-free flights How do I find the best airfares? For one final time, I say: ¯\_(ツ)_/¯ Airfares are subject to change at any time, and the prices are set by people working in a black box behind a curtain. In general, the advice experts have always given me is to trust your gut. If you feel like you're getting a good deal on airfare when you look for flights, you probably are. Also: it's a good idea to leverage consumer-facing price prediction tools, like those available on Google Flights, Expedia and other airfare aggregators. Zach Wichter is a travel reporter and writes the Cruising Altitude column for USA TODAY. He is based in New York and you can reach him at zwichter@ This article originally appeared on USA TODAY: Could AI make your plane ticket more expensive than your neighbor's?

Top companies for women in NY: See who made Forbes' 2025 list
Top companies for women in NY: See who made Forbes' 2025 list

Yahoo

time12 minutes ago

  • Yahoo

Top companies for women in NY: See who made Forbes' 2025 list

Over 70 New York companies are some of the best employers for women in the country, according to a recent study by business magazine Forbes and market research firm Statista. To compile their 2025 Best Employers for Women list, more than 140,000 women working for U.S. companies with at least 1,000 people were asked how likely they were to recommend their current and previous employers as well as employers they knew within the industry or through friends or family who worked there. The collected data and survey data from the past three years was then put into a scoring system. Greater weight was given to the more recent data and the responses from current employees. Seven hundred U.S. companies with the highest scores, including 75 in New York, made the final ranking. "These high-ranking companies, among others that have made our list, have likely learned that when women are represented in leadership — and across an organization — it can lead to material benefits not just for those women but for all employees," Forbes said. Here's where New York-based companies stand on the list. Which New York companies made it into the top 100 of Forbes' Best Employers for Women 2025 list? Forbes and Statista asked the participants to rate their current employers in areas such as pay equity, advancement opportunities, benefits for childcare or eldercare and the company's handling of incidents related to sexual misconduct and discrimination. Forbes' Best Employers for Women list for 2025 includes 75 New York-based companies from Long Island to Western New York. Here are the 10 that made it into the top 100: New York-Presbyterian Hospital, ranked No. 21 Goodwill Industries of Greater New York & Northern New Jersey, ranked No. 31 New York Life, ranked No. 32 JPMorganChase, ranked No. 56 New York Times, ranked No. 70 H&M - Hennes & Mauritz, ranked No. 73 American Express, ranked No. 80 Morgan Stanley, ranked No. 83 New York Power Authority, ranked No. 89 Roswell Park Comprehensive Cancer Center, ranked No. 94 How many other upstate NY companies made the list? Excellus BlueCross Blue Shield: Headquartered in Rochester and ranked No. 130 University of Rochester Medical Center: Located in Rochester and ranked No. 141 Upstate Medical University: Located in Syracuse and ranked No. 163 Wegmans Food Markets: Headquartered in Rochester and ranked No. 308 Corning: Headquartered in Corning and ranked No. 363 Constellation Brands: Headquartered in Victor and ranked No. 662 Vote now: What's the coolest thing made in New York? Forbes' top 10 employers for women NASA, headquartered in Washington, D.C. Johnson & Johnson, headquartered in New Jersey Kansas State University, located in Kansas Children's Healthcare of Atlanta, headquartered in Georgia Mutual of Omaha, headquartered in Nebraska hoag, headquartered in California BlueCross BlueShield of Tennessee, headquartered in Tennessee Nationwide Children's Hospital, located in Ohio Presbyterian SeniorCare, headquartered in Pennsylvania Fairway Independent Mortgage Corporation, headquartered in Wisconsin Emily Barnes reports on consumer-related issues for the USA TODAY Network's New York Connect Team, focusing on scam and recall-related topics. Follow her on X and Instagram @byemilybarnes. Get in touch at ebarnes@ This article originally appeared on Rochester Democrat and Chronicle: Top companies for women in NY: See who made Forbes' 2025 list Solve the daily Crossword

Global Green Building Materials Market to Hit $708.9 Billion by 2030
Global Green Building Materials Market to Hit $708.9 Billion by 2030

Yahoo

time12 minutes ago

  • Yahoo

Global Green Building Materials Market to Hit $708.9 Billion by 2030

"Sustainable Materials Reshape Construction: Rising Demand, Regulatory Pressure, and ESG Goals Drive Surge in Green Building Solutions for Healthier, Low-Carbon Infrastructure" BOSTON, Aug. 20, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the "Green Building Materials: Global Markets" is expected to grow from $368.7 billion in 2025 to $708.9 billion by the end of 2030, at a compound annual growth rate (CAGR) of 14% during the forecast period of 2025 to 2030. This report presents a detailed analysis of the global green building materials market, emphasizing environmentally responsible products that reduce impact across their lifecycle. It segments the market by application (insulation, siding, framing, finishes, and roofing), building type (residential, commercial, institutional, and infrastructure), and region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The study draws on data from major green building councils and industry sources to highlight trends, market dynamics, and growth drivers, with estimates provided in U.S. dollars and forecasts based on industry feedback, regulatory developments, and capacity expansions. This report is highly relevant today as global efforts intensify around sustainable construction. Governments and developers are increasingly adopting green certifications such as LEED, BREEAM, and Green Star, which emphasize the use of environmentally responsible building materials. The evolution of building codes is playing a key role by establishing formal sustainability standards and mandatory performance benchmarks that influence material choices across the industry. In the Asia-Pacific region, rapid urbanization and smart city initiatives are accelerating the demand for green materials. Additionally, many countries are embracing circular construction practices through policies that promote renovation and deconstruction instead of demolition, further driving the need for sustainable building solutions. The factors driving the market's growth include: Rising Demand for Sustainable Construction: As environmental awareness grows, there's increasing demand for buildings that minimize energy use, reduce carbon emissions, and promote healthier living. Consumers, businesses, and governments are prioritizing eco-friendly designs, driving the use of green materials in new construction and renovations. Favorable Government Regulations and Policies: Governments worldwide are encouraging green building practices through incentives, subsidies, and mandatory standards. These policies support the adoption of sustainable materials by making them more financially viable and by often making them required for compliance in public and private projects. Development of Building Codes: Building codes are being updated to include sustainability requirements, such as energy efficiency, use of non-toxic materials, and climate resilience. These codes push developers to use green materials to meet legal standards and improve building performance. Circular Economy Efforts in Buildings and Construction: The construction industry is embracing circular economy principles by designing buildings for material reuse, recycling, and reduced waste. This shift promotes the use of durable, recyclable, and modular green materials that support long-term sustainability. Potential for Extended Producer Responsibility (EPR): EPR policies may require manufacturers to take responsibility for the environmental impact of their products throughout their lifecycle. In construction, this could lead to more sustainable product designs and increased use of materials that are easier to recycle or repurpose. Request a sample copy of the global market for green building materials report. Report Synopsis Report Metric Details Base year considered 2024 Forecast period considered 2025-2030 Base year market size $332.1 billion Market size forecast $708.9 billion Growth rate CAGR of 14% for the forecast period of 2025-2030 Segments covered Building Type, Application, and Region Regions covered North America, Europe, Asia-Pacific, South America, and the Middle East and Africa Countries covered U.S., Canada, Mexico, Germany, Sweden, U.K., France, Italy, Spain, China, Japan, India, South Korea, Brazil, and Argentina Market drivers • Rising demand for sustainable construction. • Favorable government regulations and policies for green buildings. • Development of building codes. • Circular economy efforts in buildings and construction. • Potential for extended producer responsibility in the construction sector. Interesting facts: Carbon-negative concrete is a promising alternative to clay bricks and autoclaved aerated concrete blocks. It is produced by combining processed agricultural wastes with mineral binder. Carbon-negative concrete has a carbon-negative profile as sequestration is built into its composition and production. Electrochemical cement production creates cement that has a distinct crystal structure by removing silicates and reactive calcium from raw materials. The approach reduces carbon emissions more than conventional methods since it does not need kilns that burn fossil fuels. By converting electrical energy into chemical energy, the technique ensures minimal waste. Emerging startups: Terratico: This U.S.-based startup turns waste plastic into a building material, called terratico for concrete. It blends concrete's strength with plastic's lightweightedness and ensures that plastic trash is efficiently recycled, promoting environmental sustainability. Terratico comes in a range of surface treatments and hues. The company's sustainable approach helps urban planners and construction companies looking for environmentally sustainable yet aesthetic building solutions. Eco Material Technologies: U.S.-based Eco Material Technologies reengineers pozzolanic cement to improve its performance and reactivity. PozzoSlag concrete offers greater strength in less time and eliminates the need for non-sustainable cement additions. Its capacity to withstand sulfate and alkali-silica reactions improves the workability and flowability of concrete while decreasing the permeability of chloride. PozzoSlag also keeps the curing process from overheating and reduces carbon emissions compared to ordinary cement. Geobind Limited: This New Zealand-based startup produces Rockstead Geobind, a bioaggregate mineral binder that improves the performance of hempcrete. This solution speeds up setting times compared to conventional binders while improving the hempcrete's strength, flexibility, durability, and carbon sequestration properties. Additionally, it streamlines the manufacturing of prefabricated objects, encouraging a broader adoption of climate-positive construction techniques. The report addresses the following questions: What are the projected size and growth rate of the market?The global market for green building materials is projected to grow from $332.1 billion in 2024 to $708.9 billion in 2030 at a compound annual growth rate (CAGR) of 14% during the forecast period. Which factors are driving the growth of the market?The growth of the green building materials market is driven by rising demand for sustainable construction, favorable government regulations and policies for green buildings, and evolving building codes. What are the challenges/restraints and opportunities of the market?The challenges/restraints in the green building materials market include high initial costs and investment barriers, limited availability and supply chain gaps, compatibility issues, and lack of opportunities in the green building materials market include circular economy efforts in buildings and construction and the potential of extended producer responsibility in the construction sector. Which market segments are covered in the report?The global market for green building materials is segmented into:Application: insulation, exterior siding, framing, interior finishes and Type: residential, commercial, institutional and North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Which application segment will be dominant through 2030?The insulation application accounts for the largest share of the green building materials landscape. Because insulation directly affects heating and cooling loads, it is a primary driver for reduced energy consumption and carbon footprint. Green insulation materials such as cellulose, sheep wool, mineral wool, cotton denim, aerogel panels, and spray foam made from bio-based polymers are gaining in popularity due to their low embodied energy, high R-values, recyclability, and non-toxicity. Which region has the largest market share?The North American region holds the largest market share driven by infrastructure maturity, strong adoption of building certification, government incentives, and net-zero goals in the U.S. and Canada. Market leaders include: ALUMASC GROUP PLC. CEMEX S.A.B. DE C.V. CHINA NATIONAL BUILDING MATERIAL CO., LTD. EVEREST INDUSTRIES LTD. HEIDELBERG MATERIALS AG HOLCIM INTERFACE INC. JAMES HARDIE INDUSTRIES PLC. KINGSPAN GROUP KNAUF INSULATION OWENS CORNING SAINT-GOBAIN SIKA AG ULTRATECH CEMENT LTD. VULCAN MATERIALS CO. Related reports: Global Green Steel Market: This report explores the growing potential of the green steel industry, driven by sustainability and increasing global steel demand. It covers production methods like electric arc furnaces, hydrogen-based techniques, and carbon capture, and highlights applications in construction, transportation, and machinery. With a global and regional market analysis, the report evaluates green steel as an eco-friendly alternative to traditional steel, offering insights into market trends and opportunities. Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets: This report reviews the global BIPV (Building-Integrated Photovoltaics) market, focusing on technology, application, end users, and geography. It highlights market trends, challenges, and key players, while excluding utility-scale projects and pre-development designs. It also covers ESG developments, patents, and emerging technologies, offering insights into the competitive landscape and future market opportunities. Purchase a copy of the report direct from BCC Research. For further information on any of these reports or to make a purchase, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USA Email: info@ Phone: +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo - View original content to download multimedia: SOURCE BCC Research LLC 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store