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Toyo to Raise Medium Truck, Bus, OTR Tire Prices

(Akron/Tire Review) Toyo Tire USA Corp. will raise prices on medium truck, bus and OTR tires, effective Apr. 1.

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Commercial (medium truck and bus) tire prices will increase by 5%, and OTR tire prices will be bumped up 7%.

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“Toyo Tires has made every effort to maintain stability in our product pricing for this market,” said Steve Weinger, senior vice president, sales and marketing, at Toyo. “However, escalating costs of raw materials, as well as transportation costs, has dictated this price increase.”

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