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By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.
The price for a container of goods from China to the U.S. West Coast and European ports has hovered near record highs for several months, and conditions are ripe for more increases even though spot rates usually soften this time of year. What’s more, new contracts being signed by some of the biggest U.S. importers indicate the spike won’t be a short-term blip.
Most large retailers and manufacturers sign annual deals with the ocean carriers to lock in their container freight rates, in private negotiations that typically take place this time each year.
Higher Shipping Costs Are Here to Stay, Sparking Price Increases
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Danby Appliances wins Vendor of the Year award from MEGA Group
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Danby’s 10 Days of Giving Back Donated Over a 100 Products Across North America
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Danby donated over $10k worth of products to charities using a social media contest to get nominations.
“Doing the Right Thing isn t just on our logo, we hope these 100 donations to community charities in the US and Canada makes the holidays a little brighter for those in need” Jim Estill, Danby President & CEO. FOXBORO, Mass. (PRWEB) December 21, 2020 Danby Appliances, one of North America’s leading manufacturers and distributors of compact appliances, has helped 10 charities this holiday season by donating over $10k worth of product.
Danby Appliances is not new to social media contests, in fact they run them almost monthly on their social media pages, but this month they decided to run a contest awarding those who need the winnings the most – local charities, foundations and shelters. The charities were no