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Trucker Shortage Sinks Profits for Food Manufacturers

Mar 27, 2018 at 10:24 AM CST

What do magically delicious Lucky Charms have in common with long-haul truckers?

Major packaged food companies are getting slapped with headwinds, says Bloomberg, and it’s transportation and distribution costs that are having a significant impact on their margins. General Mills was recently forced to cut its profit outlook for the year, something it attributes to “higher freight and commodity expenses.”