Port closures cause Yokohama to postpone price increases
Yokohama Tire Corp. will postpone the previously announced price increases on its retail and commercial tires until Dec. 1. Originally, the price increases were scheduled to go into effect tomorrow.
"Inventory challenges following the recent West Coast port closures" was the reason for the one-month extension, according to the company.
On Dec. 1, Yokohama will raise its passenger and light truck tire prices by 4% to 6%. Its medium truck, off-the-road and commercial light truck tire prices will be raised anywhere from 3% to 5%.