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.

(todaystrucking.com)