March 24, 2022
(press release)
–
Dear valued customer, The unanticipated rapid rise in fuel cost has resulted in our suppliers implementing increased delivery charges, fuel surcharges and or previously unannounced price increases on shipments beginning as soon as this week. Already this year we have seen increases on drywall, insulation, ceilings, FRP products, and steel. Nearly every supplier has communicated that there will be continued price escalation throughout 2022. For example, we have seen transportation charge increases of $300 per truck from Armstrong and price hikes as high as 35% from Crane on FRP products. Due to the turmoil in Europe, worldwide supply chain issues, and a worldwide energy calamity we believe we will be dealing with many of these issues throughout 2022. Your Regional FBM Contacts will be reaching out to you with the details of these increases and freight or transportation charges for your specific region which will be implemented on April 1, 2022. Thanks for your continued support. Sincerely, Kirby Thompson
Foundation Building Materials
Chief Sales Officer
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