Bridgestone Americas announced that they will be increasing prices by 8 percent on Firestone brand truck and bus radial tires, in response to rising material costs.
The company said in a statement this week that the new pricing will take effect for all tire orders shipped on or after May 1.
Last month, Bridgestone announced an 8 percent price increase that was applied to Bridgestone brand truck and bus radial tires and Bandag retreads. This price increase went into effect on April 1.
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Media outlets reported that Goodyear Tire & Rubber Co. has also implemented a price increase of up to eight percent on its Goodyear, Dunlop and Kelly-brand consumer tires. The company reportedly said the up to 8 percent increase is being implemented “in response to changing market dynamics in the industry.”