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Freight costs

Business
COVID-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs COVID-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs
Covid-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs Discount chain Dollar Tree is poised to start selling some merchandise at prices above $1 amid COVID-19 pandemic-related global supply chain issues. The discount chain said it wants to begin adding price points above $1 in selected legacy Dollar Tree stores, in addition to offering $1, $3, and $5 products across its Dollar Tree Plus stores. "Our brand promise is that customers get great value for what they spend at Dollar Tree," CEO Michael Witynski said in a statement. "We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $…

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by Nicole Valinote
Lifestyle
Rise In Grocery Prices Prompted By Shortage Of Truck Drivers, New Report Says Rise In Grocery Prices Prompted By Shortage Of Truck Drivers, New Report Says
Rise In Grocery Prices Prompted By Shortage Of Truck Drivers, New Report Says A new report has shown a link between the rise in grocery costs and the national shortage of long-distance truck drivers, according to Supermarket News. The analysis, which was released Monday, Dec. 3 by Florida-based driver virtual simulation company Advanced Training Systems (ATS), demonstrated that higher freight costs and even ingredients costs are the culprits.  Several major food manufacturers have already announced their price hikes for the upcoming year, including Hershey, Nestle, Unilever, Mondelez, and Coca-Cola. John Kearney, CEO of ATS, said that the situation is some…

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by Valerie Musson