Goodyear reports August shipment declines
Goodyear Tire & Rubber Co.'s shipments of original equipment consumer, original equipment commercial and replacement commercial tires fell in August.
However, Goodyear officials report that the company gained consumer replacement market share as its shipments in that segment increased "more than the industry."
"Segment operating income declined year-over-year due to significantly higher raw material and energy costs. Conversion costs were higher due to lower production volume and higher wage and benefit costs."