NASHVILLE, Tenn.—Bridgestone Americas is planning to raise prices on OTR and farm tires in the U.S. and Canada by up 8 percent, effective June 1.
Bridgestone cited market dynamics, including escalated logistics, business and raw-materials costs, as reasons for this "necessary step."
The new pricing affects Bridgestone- and Firestone-brand OTR tires and Firestone-brand agricultural tires and tubes. Separately, the company is planning to raise prices on its Firestone Tracks portfolio by an average of $14, also effective June 1.
Price adjustments will be implemented at the specific pattern and article level for each business. Specific details will be communicated by Bridgestone account managers directly to national account customers, original equipment manufacturers and dealers no later than May 18.