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Corporate America’s new dilemma: raising prices to cover higher transport costs
February 26, 2018 1:30 AM ESTBy Eric M. Johnson and Chris Prentice
SEATTLE/BOCA RATON, Fla. (Reuters) - The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc (NYSE: GIS) and Hormel Foods Corp (NYSE: HRL) to spend more on deliveries and consider raising their own prices as a way to pass along the costs.
Interviews with executives at 10 companies across the food, consumer goods and commodities sectors reveal that many are grappling... More
