Sonoco Products Co. (SON), a diversified global packaging company, said Monday that it has implemented a fuel surcharge for all of its Sonoco Recycling operations in the United States and Canada.
The Hartsville, South Carolina-based company noted that the surcharge will be based on the Energy Information Administration of the U.S. Department of Energy's Weekly Retail On-Highway Diesel Prices Index for collection suppliers and added as a separate line item to all invoices on or after August 1.
"We are investing in productivity initiatives throughout our operations, but we simply have not been able to offset the magnitude of these higher fuel prices and must make appropriate adjustments to reflect these higher costs," said Jim Bowen, Senior Vice President.
SON closed Monday's trading down $0.33 or 1.01% at $32.24 on a volume of nearly 433 thousand shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.