McCarthy Tire Service Co. Inc. purchased Terry-Haggerty Tire Co. from Jim and Tom Terry in a transaction that closed Aug. 11, 2014. The acquisition gives McCarthy a combined commercial-retail location and a stand-alone retread shop in Albany, N.Y.
Bridgestone Corp. reported net income of 142 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2014. That compares to income of 117 billion yen on sales of nearly 1.7 trillion yen for the same period last year.
Groupe Michelin’s Michelin Earthmover division announced the introduction of the Michelin X-Straddle 2, 450/95R25, a more advanced port tire for use on the massive straddle carriers that load and unload container ships at the world’s ports.
Best-One Tire & Service recently increased its presence in northeastern Ohio with the purchase of four commercial facilities -- one housing a Bandag retread plant -- from American Tire Distributors Inc. (ATD).
Yokohama Rubber Co. Ltd. posted net income of 18 billion yen on net sales of 283.9 billion yen for the first half ended June 30, 2014. That compares to income of 13 billion yen on sales of 269.7 billion yen for the same period last year.
Michelin Americas Truck Tires announced it has launched a new and innovative website that includes some industry-first features and is designed to be more customer-driven and mobile-friendly than the previous version, which was considered a benchmark when first introduced.
Cooper Tire & Rubber Co. posted net income of $38.2 million on net sales of $888.7 million for the second quarter ended June 30, 2014. That compares to income of $35.5 million on sales of $884.1 million for the same period last year.
The Tire Industry Association (TIA) is reminding interested attendees that the early bird registration rate for the 2015 OTR Conference will end Sept. 1, 2014. The event takes place Feb. 18-21, 2015, at the Westin La Paloma Resort and Spa in Tucson, Ariz.
The maxim “business as usual” has become “business unusual” for the dealers on this year’s MTD 100. They emerged from a global recession to find an increasing threat to their margins: tire pricing on the Web. Their willingness to adapt to change has given them the competitive edge to grow their businesses.
The S.2 Tire and Wheel Study Group of the American Trucking Associations’ Technology and Maintenance Council (TMC) recently conducted a tire management survey, which produced some eye-opening statistics.
It should be a good time to be a commercial truck tire dealer. According to the Quarterly Commercial Vehicle Report by IHS Automotive driven by Polk, there were 11,850,000 commercial vehicles registered for use on U.S. highways in December 2013. That was 255,000 more than in the previous year.