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Hershey's chocolate is about to get more expensive.The candy company is planning to raise the prices of a fifth of its products by about 2.5%, Hershey reiterated on Thursday. The changes will go into effect next year.One of many companies getting squeezed by rising commodity and shipping costs, Hershey hopes higher prices will offset those costs without scaring away customers.Hershey (HSY) first said that it would raise prices over the summer, citing rising operational costs. "Our new pricing approach is much more precise," said CEO Michele Buck at the time.Chief Financial Officer Patricia Little said on Thursday that Hershey started feeling the impact of higher freight and logistics last year."I don't expect that to change going forward into next year," she said.The company is doing more than just increase prices to drive growth.Hershey is investing in digital to keep impulse shopping alive online. It's also introduced new products like Hershey's Gold, a "caramelized creme" bar with pretzels and peanuts baked inside, and Reese's Outrageous, a peanut butter chocolate bar with Reese's candy inside.Next year, the company will introduce Reese's Thins, a 40% thinner Reese's peanut butter cup.Plus, the company has been scooping up healthier brands, including Pirate Brands, which makes Pirate's Booty, Smart Puffs and Original Tings.Last year, Hershey's bought Amplify Snack Brands, which makes SkinnyPop popcorn and Oatmega whey-protein bars, for .6 billion. Pirate Brands will operate within Amplify's hub in Austin, Texas.The acquisitions boosted sales in the third quarter. Sales increased by 2.9% in the three months that ended in September compared to the same period last year.The-CNN-Wire 1721

Have you noticed your favorite foods or products at the grocery store have gone up in price? It could be because a shortage of truck drivers is driving shipping prices up.Currently 50,000 truck drivers are needed to help ship your favorite everyday products across the country. Quincy Jones is the director at Sage Truck Driving School and says there are a few reasons why people aren’t becoming drivers.“Part of the reason is because the average truck driver is 55 years old and with the shortage of millennials coming in," Jones said.With drivers retiring and young people choosing four-year degrees, it's affecting deliveries. Companies like Coke, Hershey’s and General Mills have all said they have to pay more to get their items shipped to stores, which means wallets take a hit."I think ecommerce has a lot to do with it — just with the demand of everybody having to order stuff to have it delivered to their houses instead of actually going out and shopping for it,” Jones said.Being a truck driver can be a lucrative job right out of the gate, and it only takes four weeks of training. That’s one of the reason Sage student Miguel decided to sign up.“The money is really good, especially in this field — and I mean it’s just a lot to offer, benefits and money,” Miguel said.With a shortage of drivers, some companies are offering big signing bonuses for those considering driving. Solo drivers could receive a ,000 signing bonus, and team drivers could receive up to ,000.Jones believes more people would become drivers if they could afford the training.“With increased funding from the government helping with these new students through and getting them into the industry I think that’s a possible way,” he said.Even though Miguel is sacrificing a lot starting this career, he knows it’s beneficial to everyone.“It’s a full cycle. I get to provide for my family to provide for you guys. It’s a good turn around," Miguel said.  1984

He was there when man first landed on the moon in 1969 and on Friday, Buzz Aldrin endorsed a new galactic effort — the Trump administration's Space Force."One giant leap in the right direction. #SpaceForce," the retired astronaut tweeted, quoting a message from Vice President Mike Pence about the initiative.On Thursday, Pence called for the establishment of a Space Force by 2020 and noted the Department of Defense would be taking to steps to reform the military's approach to space. The announcement comes after President Donald Trump said in June that he was directing "the Pentagon to immediately begin the process necessary to establish a Space Force as the sixth branch of the armed forces." The establishment of the new military service would require congressional approval. 791

Hawaii warned residents and airplanes to stay away after a plume of ash from the Kilauea volcano rose 12,000 feet into the air.Since the Kilauea volcano erupted May 3, it's been one nightmare after another for residents in the southeast part of the Big Island.The US Geological Survey issued a red alert Tuesday, which means a major eruption is imminent or underway and ash could affect air trafficMichelle Coombs of the USGS described it as " very hazardous for aviation," and said her team isn't quite sure what caused Tuesday's slightly more intense ash emissions.US Geological Survey officials have said a phreatic eruption could happen at a crater at the top of the Kilauea volcano. It could send ash plumes as far as 12 miles from the summit crater, the Hawaiian Volcano Observatory said. 802

Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585