Summer time is rubber price hiking time
NASHVILLE, Tenn. — Most commercial tire makers have announced price increases that take effect this spring and summer.
Bandag retread material is up 6 percent and Firestone and Dayton brand truck and bus radial tires will increase by the same amount, effective June 1.
Meanwhile, Hankook will also boost medium truck tire prices up 6 percent on June 1, while Continental will implement an upcharge of up to 7 percent for medium truck tires.
Michelin North America replacement truck tires sold in the U.S. are now 7 percent higher; its U.S. and Canada ag tire prices are also up by an average of 4.5 percent, Modern Tire Dealer reports.
As well, Goodyear Tire & Rubber’s truck tires went up in price by 8 percent and tread rubber prices increased by 7 percent on May 1.
Earlier in March, Yokohama hiked prices on its light and medium commercial truck tires by up to 7 percent.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.