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April 24, 2008

Checking Tire Pressure Can Save Lives and Increase Fuel Efficiency

PHILADELPHIA – Recognizing that underinflated tires are a leading cause of dangerous tire blowouts, the Pep Boys have once again partnered with the Rubber Manufacturers Association (RMA) to promote consumer tire safety education during this week's National Tire Safety Week Apr. 20-26.

Tags: Pep Boys, Rubber Manufacturers Association, tires

April 11, 2008

Kumho Will Raise Prices in May

RANCHO CUCAMONGA, CA – Kumho Tire U.S.A. Inc. will raise its tire prices up to 10 percent depending on tire line and model, effective May 1, according to Modern Tire Dealer magazine.

Tags: Federal Corp., Groupe Michelin, Kumho Tire U.S.A., price increases for raw materials , rising transportation costs , tires

February 8, 2008

Toyo to Raise Tire Prices March 1

CYPRESS, CA – Toyo Tire U.S.A. Corp. will increase its consumer and commercial tire prices up to 6 percent on March 1.

Tags: tires, Toyo

December 26, 2007

Cooper Will Raise Passenger, Light Truck Tire Prices

FINDLAY, OHIO – Cooper Tire & Rubber Co. will raise its passenger- and light-truck tire prices up to five percent on Feb. 1.

Tags: Cooper, tires

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Fuel Continues to be the No. 1 Threat to Fleet

By Mike Antich
The number one threat to fleets continues to be the price of fuel, despite the fact that fuel prices have been declining due to the global economic slowdown. Year-to-date, the cost of fuel has increased 30 percent in 2008 compared to 2007. The Energy Information Administration is projecting fuel to average $3.82 per gallon in calendar-year 2009. Fuel is the potential game changer of the fleet industry. Consider two recent examples as harbingers of things to come.

Federal Reserve Invokes Emergency Powers to Support the Commercial Paper Market

By Mike Antich
Today, Oct. 7, the Federal Reserve Board announced that it is invoking emergency powers to create a special fund to support the U.S. commercial paper market. The announcement by the Federal Reserve allows corporations to bypass the current credit gridlock gripping the nation’s economy. This has an impact on the fleet market since one source of financing for large fleets is the commercial paper market.