Penn Traffic posts Q2 loss, enters new deal with C&S

The Penn Traffic Co. posted a loss of $3.4 million for the second quarter of fiscal 2009 versus a $4.9 million loss posted in the same quarter last year. The company has signed a new eight-year agreement with food wholesaler C&S Wholesale Grocers, a move that Penn Traffic expects will cut its costs by up to $22 million annually.

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Ithaca Journal (N.Y.), The · Central New York Business Journal (Syracuse), The

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