Armstrong Increases Freight Rates
[Lancaster, Pa.] Armstrong will initiate an average five percent increase to its freight programs for commercial and residential floor products, effective Dec. 1, 2014.
The company attributes the increase to the record amounts of freight and a continued national driver shortage, which have affected supply-demand balances and have caused significant inflationary pressures on transportation networks despite the moderations in fuel costs.
“The North American trucking industry continues to be challenged by unprecedented conditions. Carriers are passing on rate increases to Armstrong, and while we continue our best efforts to mitigate costs wherever possible, we are no longer in a position to keep absorbing these increases,” said Dominic Rice, vice president, commercial, Armstrong Floor Products. “We understand the burden this places on our customers and we are committed to ongoing efforts to defray costs wherever possible.”
In September, FCW reported that Mohawk would be increasing its freight rates. (See story September 15, 2014 for details.)
Source: www.floorcoveringweekly.com (published on 10th Nov 2014)