Tyson Foods Is ‘Resetting The Table’ For The Protein Industry

Chickens, cows and pigs don’t take themselves to market. And with fewer trucks, trailers and drivers, the trip to market for the aforementioned agri products has resulted in rising costs for Tyson Foods.

Tyson Foods President and CEO Tom Hayes, speaking to the investment community at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Fla., on Tuesday (Feb. 20), said the driver shortage is problematic and Tyson Foods has been working with its carriers to negotiate rates in a very tough environment.

“The second quarter is usually a little choppy for us and with transportation costs rising we’ll see some negative impact on earnings growth,” he said.   MORE

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