Traeger CEO Jeremy Andrus told CNBC’s Jim Cramer on Monday that rising shipping expenses were a major reason for the grill maker’s declining profit margin in its third quarter. “Bringing a 40-foot container from Asia to the U.S. 12 months ago was about $1,500. Today, you’re spending upwards of $30,000 and we’re certainly averaging close …
The post Cost of shipping a container from Asia jumped over 500% since last year, Traeger Grills CEO says first appeared on Hellenic Shipping News Worldwide.