THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
By managing a tire throughout its lifecycle – from selection to removal – fleet managers can make a big impact on the bottom line, all while making mobility more efficient for their fleet.
Continental's pre-cured tread plant in Mt. Vernon, Ill., adds a second production shift, and is expected to reach a 300% increase in production compared with 2018.
Bridgestone Americas Tire Operations LLC and Bridgestone Canada Inc. will increase the price of Firestone brand truck and bus radial tires on Feb. 1, 2019.
The new lab is set as the base for future research on farming and the extraction process of Russian dandelion as an alternative raw material source to the rubber tree in the tropics.
The new training center is Continental's first completed structure on the site of the future truck tire plant.
Pep Boys will take its Amazon.com Ship-to-Store tire installation national. Customers can now choose their neighborhood Pep Boys for the installation of any brand of tires purchased on Amazon.com.
The domestic tire industry reached two milestones in 2017. Replacement truck tire shipments totaled 19.2 million units, a record high.
For the past four years, tire costs have been stable. But new cost pressures have emerged in 2017, primarily with higher prices for commodities used to manufacture tires and the trend to larger diameter, more expensive, tires.
Replacement tire prices for CY-2016 are flat because of less volatility in the global prices of commodities used to manufacture tires, namely oil, rubber, and steel. The forecast is for a continuation of price stability into CY-2017.
According to the recently released TechSci Research report, "Saudi Arabia Tyre Market Forecast & Opportunities, 2019," the tire market in Saudi Arabia is forecast to grow at a CAGR of 17.19 percent in value terms during 2014-19.