Impact Of Rising Shipping Costs Will Likely Reach Vending Supplies Soon

[phantom power]

"Freight costs are skyrocketing," said one major supplier. "Suppliers have been eating these costs and struggling to stay afloat. If operators don't believe that some major price increases are headed our way, then it's time for a reality check. They should prepare their business for a major rise in cost of goods, definitely double-digit increases."

While bulk vending suppliers are reluctant to speak on the record, shipping industry officials have acknowledged the increased rates. "Ocean carriers have been raising their rates," reports Dan Meylor of Carmichael International Services, one of the nation's leading freight forwarders. "They've been operating at a loss for the past two years, during the roughest part of the economy, and now they are raising their rates to become profitable again. During the economic crisis, demand wasn't there -- so to keep market share they lowered their rates to keep customers. And there have been substantial and sustained increases."

...

As the economy shows signs of recovery, the commercial shipping fleets are charting a course toward profitability by raising their rates anywhere from 50% to 100%, Lau reported.

http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=D5E6BD86A29144C39E1F85695FA0ABA4

[no_hypocrisy]

1. Gee! I have a GREAT idea!

Manufacture the products, here, in this country and save on shipping and import fees!

[DJ13]

2. Cotton prices are at levels not seen since the Civil War

Sugar, corn, and precious metals all near multi decade highs.

But the government swears theres no inflation, so you old people can just get screwed.

[Sherman A1]

3. +1000

Yup, there is no inflation...........:banghead:

[Newsjock]

4. There is no inflation, and stop saying that there is

:(