The Wakefern Food Corporation, founded in 1946 and based in Keasbey, New Jersey, U.S., is the largest Retailers' co-operative group of supermarkets in the United States, and the largest employer in New Jersey (35,000 people). The name "Wakefern" is a portmanteau of the founders' names: W for Louis Weiss, A for Sam and Al Aidekman, K for Abe Kesselman, E for Leo Eisenberg, and FERN for Dave Fern, although the company adopted the name ShopRite for its stores in 1951. Wakefern owns one of the Northeasts largest trucking fleets and is the fourth-largest cooperative in the United States. In fiscal year 2016, its revenue was US$ 16 billion. In 2011, Supermarket News gave Wakefern its Retailer Excellence Award and The Griffin Report and Progressive Grocer named Wakefern its Retailer of the Year. In 2012, this company was named one of the Best Places to Work in N.J. by NJBIZ Magazine. As of 2011, Wakefern was ranked 17th by sales among all supermarket operators in the U.S. It operates more than 300 stores.