This increase is based on increasing logistics, raw material cost, and other market factors that have affected internal costs.
Bridgestone is announcing it will increase prices by 8% on Firestone brand truck and bus radial tires sold in the U.S. and Canada.
Effective May 1, the company has given a heads up to those who purchase tires for consumer and commercial use.
The Goodyear Tire & Rubber Co. has entered into an agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction is expected to close in the second half of 2021.
Topics include how fuel prices may be impacted by a potential increase in the federal and state fuel taxes and an increase in CAFE fuel efficiency standards; how rising commodity prices may impact the price of fleet products; and how the ongoing global shortage of microchips is slowing vehicle production and increasing lead times.
Goodyear has launched a new digital portal that allows fleets to buy tires, activate services, and gain deeper insight into their tire programs.
Reduced tire demand and a decrease in overall miles driven have caused tire manufacturing volume to decline in 2020, creating a downstream ripple effect softening commodity prices for natural rubber, but this may change in 2021.
The difference between the most and least efficient drivers is a 30% difference in fuel consumption. Fuel is a fleet’s No. 1 operating expense and the best way to control this expenditure is to modify driving behavior, which is the major variability influencing fuel consumption.
Last-mile operations place special demands on the tires used on light- and medium-duty delivery vehicles.
Goodyear has extended its shutdown of tire manufacturing plants in the Americas "until further notice."