Sun Chemical has formed a Food and Nutrition Group. The recently formed group will extend existing Sun Chemical and DIC Corporation expertise in color and algae cultivation to provide coloring solutions and nutraceutical ingredients to the dietary supplement, food and beverage industries. The Food and Nutrition Group was developed as part of DIC Corporation’s vision of transforming portfolios to achieve continued future growth. The group will leverage Sun Chemical’s advanced research and development coloring expertise to support new product development initiatives for both natural and synthetic food color. The research and development team at DIC Corporation headquarters is actively working with venture capital groups in developing bio-based nutraceutical ingredients, and Sun Chemical is committed to grow the new business group and will make additional investments to accelerate its growth.

UPS has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. for $800 million, subject to working capital and other adjustments. “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” The decision to sell UPS Freight was reached following a thorough evaluation of the UPS portfolio, and aligns with the company’s “better not bigger” strategic positioning. UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS’ domestic package network to fulfill shipments, for a period of five years.

National Average Price for Regular Unleaded Current: $3.538; Month Ago: $3.454; Year Ago: $3.541. National Average Price for Diesel Current: $3.878; Month Ago: $3.792; Year Ago: $3.849.