Two of the largest names in the tire industry will become one. Discount Tire, the largest independent tire dealer in the U.S. with 1,100 stores, is acquiring Tire Rack, the industry's oldest and largest online tire seller.
The Biden Administration has set the deadline for employers with at least 100 workers to ensure either every employee is fully vaccinated against COVID-19, or unvaccinated employees are tested weekly. Employers also will be required to provide paid time for their workers to get the shot.
American Tire Distributors Inc. (ATD) has released its first Environmental, Social, Governance (ESG) report. ATD officials say the company is committed to identifying opportunities and investing "in solutions that are designed to improve its holistic community impact."
'This Transaction Reflects ATD's Financial Momentum and Progress'
October 26, 2021
American Tire Distributors Inc. has successfully closed the refinancing of its debt capital structure, including its existing Asset Based Line of Credit facility and replacement and issuance of a new Term Loan B.
The supply chain issues have escalated all the way to the White House and this week President Joe Biden unveiled efforts and initiatives to relieve bottlenecks, including those affecting the tire industry at the all-important Ports of Los Angeles and Long Beach.
Countrywide Tire and Rubber Inc. has created the Multiple Access Distribution (MAD) program for retailers of specialty tires. It offers a custom mix of inventory and delivery options to dealers throughout the U.S.
With 12 warehouses and a wholesale tire operation that covers much of New York and Pennsylvania, Moore’s Tire Sales Inc. is experiencing a big business boom. In the first three months of 2021, owner Bill Watkins said the company recorded a $4 million increase in sales. And at the start of the second quarter, the 43-person sales team hit its monthly quota more than a week ahead of schedule.
2021 Tire Shipments Expected to Beat Pre-Pandemic Figures
August 3, 2021
The U.S. Tire Manufacturers Association expects total tire shipments in 2021 to exceed pre-pandemic levels, according to the group’s latest estimates. And the newest projections show a notable increase in every segment of the replacement tire market.
Monro Inc.’s latest financial report shows the nation’s third-largest independent tire dealer is emphasizing automotive service in its rebound from the COVID-19 pandemic. Alignments and brake sales were both up more than 50% in the most recent quarter.
American Tire Distributors Inc. is increasing its flat-rate shipping rates on passenger, light truck and trailer tires ordered through ATD Total Access, a program that gives independent tire dealers access to ATD’s national inventory beyond their local network.
The International Trade Commission has ruled most of the tariffs on passenger and light truck tires imported from South Korea, Taiwan, Thailand and Vietnam will remain in place, but there is one big exception.
Cooper Tire & Rubber Co. has opened a new, one million-square-foot distribution center in Whiteland, Ind. The facility "will provide Cooper with additional capacity for product storage and a modern design for optimizing operations."
Marty Krcelic, president and COO of TBC Brands and executive vice president of TBC Corp., will retire on June 30 after nearly 21 years with TBC. Succeeding Krcelic and leading TBC Brands is Geoff Doster as senior vice president of sales.
In our latest exclusive interview with Peter Gibbons, CEO of TireHub LLC, we cover all the essentials, including the current state of tire supply, expansion plans, and what the potential Goodyear-Cooper deal could mean for TireHub and its customers.
Yokohama Tire Corp. will open a new, 430,000-square-foot distribution center in the Dallas suburb of Wilmer, Texas, this summer. The addition will give Yokohama four distribution centers in the United States.