Articles tagged under: truck shortage
Hormel Reports 2Q Financials
Published May 25, 2018
Hormel Foods reports second quarter profits of $237 million. That’s up nearly 13 percent from last year, but it was below trade expectations. The truck shortage is driving up costs for the Minnesota-based company. The Jennie-O Turkey Store business has…Costs Expected to Rise for Tyson Foods
Published May 8, 2018
Tyson Foods reports a second quarter profit of $315 million. That’s down from $340 million last year. Sales for the food company increased nearly eight percent, but that was below the expectations of most analysts. Tyson officials said costs will…