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Freight Forwarding Pricing Turned Upside Down

Just a few short weeks after reporting on the significant ongoing price rises in the cost of international container shipping and predicting that there was yet more to come, industry sources are now saying that the situation has been turned upside down, with many companies now cutting prices in competition with each other.

“Things have been turned on their heads in recent days and this is having a significant knock on effect on rates. Some of the shipping lines didn’t raise rates recently when many of the others did and now many carriers are price cutting to remain competitive and are aggressively targeting new customers,” Rob Shelley of Suffolk-based freight forwarder Maritime Cargo Services told Tyres & Accessories.

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  1. How Will Shipping Fair in 2011?
  2. Rate fluctuations mean it pays to manage tyre freight effectively
  3. Why choosing the right freight forwarder matters to tyre distributors
  4. Bridgestone to establish Vietnam sales company

Kumho Tires, Union Reach Agreement

An agreement between management at Kumho Tires and the union representing employees has finally been reached. The Korea Times states that on April 18, during the 26th round of negotiations, both parties found common ground on all major issues. As per the terms of this final agreement, the decision to lay-off 189 Kumho Tires workers has been revoked on the condition that employees submit written assurances regarding the adherence to company regulations. The Korea Times adds that a further plan to outsource 1,006 employees will be cancelled should the agreement gain worker approval when voted upon.

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  1. Kumho Tire Workers Reject Pay Cut Agreement
  2. Kumho Workers Accept Restructuring Proposal
  3. Restructuring at Kumho Tire Likely
  4. Acceptance of Daewoo Sale to Aid Kumho Restructuring Plan

Michelin Worker Wins £23,300 Asbestos Damages

The High Court has ruled that Michelin Tyre Plc must pay £23,300 in compensation to an ex-employee from the company’s Campbell Road, Stoke factory for respiratory disease reportedly caused by exposure to asbestos. Michelin's insurers are said to have previously offered £20,000 to settle out of court. Some reports have suggested the tyre manufacturer could be facing as many as “hundreds” of further damages claims former workers as a result of the cases.

According to local newspaper The Sentinel, 78 year old pipe fitter Roy Ibbs worked for Michelin between 1969 and 1985. He received the damages after he “was exposed to, ‘frequent and heavy’ clouds of asbestos dust,” the newspaper quoted Ibbs’ barrister Colin McCaul QC as saying. He now suffers from asbestosis. McCaul is further quoted as saying: “There must have been a significant amount of dust at the factory. It's probably fair to say there were former colleagues exposed to the same conditions. The exposure seems to have come from maintenance work on pipes layered with asbestos.”

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  1. Triangle to work with University of Akron in rubber and elastomer research projects
  2. Michelin reaches 30 million mark at Ballymena
  3. Is Michelin considering European plant closures?
  4. Investments, closures – Michelin announces €800M plan

Techking Developing Service Centre Network in 2010

Techking Tires says it intends to place a focus on tyre management systems in 2010. During an interview, company president Sheng Rongsheng said “this year, Techking is going to invest on the research of the total tyre management system. We hope the system would help our customers to manage and use their tyres more efficiently.” To help deliver tyre management solutions, during 2010 Techking is establishing six new Techking Service Centers within China and more than 20 will be built up in overseas markets.

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  1. Goodyear Hiring Staff as Luxembourg Production Increases
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Triangle tyre to invest 275 million expanding TBR capacity
  4. Evergreen prepares for further growth

Spare Tyre Cable Concerns Prompt US Toyota Recall

The risk that cable corrosion could lead to spare tyres coming loose and causing safety hazards has led Toyota to begin the voluntary recall of around 600,000 vehicles in the US. The manufacturer is recalling first and second generation Siena 2WS minivans sold between 1998 and early 2010 to address a problem that may occur on vehicles that have been driven in cold climate areas where salt is frequently used to de-ice the roads. Toyota says it is currently working to develop a remedy for this condition, and until this remedy is developed, customers will receive an interim notice instructing them to bring their vehicle to a dealership for a preliminary inspection. Once the remedy has been developed, customers will receive a secondary notice advising the customer of the remedy availability.

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  1. ATS Euromaster to distribute Primewell commercial vehicle tyres
  2. Pirelli US consumer tyre prices to rise
  3. Toyo USA increases commercial tyre prices 9% from 5 July
  4. Bridgestone event honours staff innovation

Al Saeedi Expands into Africa With Tyrexpress Operation

Al Saeedi Group, a leading Middle Eastern tyre distributor, has expanded its operations into Uganda. The UAE based company set up Tyrexpress (U) Ltd. on 13 April 2010. The company was inaugurated by Niraj Srivastava, High Commissioner of India in the presence of company directors, distinguished guests and customers.

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  1. Visitor Pre-Registration Opens for Tyrexpo Africa 2008
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TyreSafe Warns Bikers of Pothole Threat

TyreSafe has continued its April campaign to promote motorbike tyre safety by reminding bikers that they can reduce some of the problems associated with damaged roads by ensuring their tyres are properly inflated. The increase in the number of potholes on the UK’s roads following the harsh winter has increased the vulnerability of tyres running at incorrect pressures, especially from the angular edges of potholes or kerbstones. This damage can result in dangerous bulges in the sidewall, or cuts that render the tyre illegal.

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Cooper Avon a Potential F1 Tyre Supplier

The BBC reports that another contender for next year’s Formula One tyre supply has emerged. Cooper Avon has apparently joined Michelin as a possible replacement for Bridgestone, who ends its tyre supply arrangement at the end of the current race season – and Bernie Ecclestone has told BBC Sport he doesn’t mind which company ends up taking over tyre supply “as long as the teams are happy.”

According to the BBC, race teams appear to have a preference for Michelin, as concerns exist over the much smaller Avon's capacity to do the job, even though it is believed the plan is for it to use tyres supplied by Bridgestone.

Should Michelin be selected, the 13-inch wheel rims currently used on F1 vehicles will be replaced by 18-inch wheel rims. This will change the cars’ suspension set-up – at the moment, the taller tyre sidewalls are effectively used as part of the suspension to absorb bumps, but the smaller sidewalls of the lower-profile tyres fitted to the 18-inch wheels would perform this role less effectively, and therefore suspension would have to be changed to accommodate this.

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  1. Pirelli Still Interested in Formula One Tyre Supply
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  4. Is Bridgestone Also Pulling out of MotoGP?

Button’s Use of Soft Tyre in Shanghai “Intelligent Driving”, says Bridgestone’s Hamashima

Reigning Formula One World Champion Jenson Button used Bridgestone's soft compound and intermediate tyres to win the Chinese Grand Prix in mixed weather conditions at Shanghai International Circuit on April 18. The British driver piloted his Vodafone McLaren Mercedes across the line just one and a half seconds ahead of team-mate and fellow countryman Lewis Hamilton. Button started the race using soft dry compound tyres, with two sets of intermediates seeing use later in the day. Hamilton made four stops, employing a soft-intermediate-hard-intermediate-intermediate tyre strategy.

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  1. Bridgestone Takes Super Soft, Medium Potenzas to Brazilian GP
  2. Bridgestone Prepares for Shanghai’s “High Lateral Forces”
  3. Hamilton Wins as Tyre Choices Take Priority in Variable Weather
  4. Alonso Scores Ferrari Home Win at Monza

Europeans Soft on Tyre Inflation

Results from 15 European countries where Bridgestone’s “Think Before You Drive” campaign was conducted last year show 81 per cent of motorists to be driving on under-inflated tyres. The tyre maker drew this conclusion after conducting tyre safety checks on some 52,400 vehicles in the UK and on the Continent, and notes that this inattention to correct tyre pressure wastes the annual equivalent of four billion litres of fuel and adds 9.3 million tons of unnecessary CO2 emissions to the air we breathe.

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  1. Under-inflated tyres costing European motorists £2.4m a year
  2. IAM Issues "Check Your Tyres" Warning
  3. Bridgestone Survey Reveals Cost of Under-Inflated Tyres
  4. National Supporting Tyre Safety Month with Tyre Checks

Hankook Opens Second Canadian Distribution Centre

Hankook Tire Canada Corp. opened its second Canadian distribution centre in Richmond, British Columbia this month, bringing Hankook’s total number of distribution centres serving North America to eight, reports Tire Review. The new distribution centre will support retailers and multiple distribution points in western Canada, according to the company.

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  1. Conti signs North American deal with TravelCenters
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Goodyear to Announce First Quarter Results on 28 April

Goodyear has announced it will report its first quarter 2010 financial results before markets open on Wednesday 28 April, following the announcement up with an investor conference call at 10:00 that morning (Eastern US time). The newly appointed president and chief executive officer Richard J Kramer will participate, alongside Darren R Wells, executive vice president and chief financial officer, and Damon J. Audia, senior vice president, finance and treasurer.

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Avon Tyres backs Molyneux at the 2010 Isle of Man TT

Avon rubber is once again the tyre of choice for Isle of Man sidecar legend, Dave Molyneux. Last year, Molyneux took his victory tally on the Island to 14, thanks in part to the Avon Tyres on his outfit. This year, it is all changed as Molyneux has a new passenger – Patrick Farrance – and now has Kawasaki power for the coming road-race season.

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  3. Cooper Tire Motorsports brings Mickey Thompson Tyres to the UK
  4. British Superbike to stick with 16.5-inch tyres in 2013

Rubberking Anticipates Increased African Presence

Rubberking Tyres India reports a successful 2010 show: "Tyrexpo Africa has always been a good platform for us to establish and promote our tyre brand and product range to the African market,” stated Dipti Jambhekar, Rubberking’s senior executive of international sales. “Though the number of visitors appeared to be less than normal, we were able to generate some serious quality inquiries, revive our relations with old customers and network with our existing ones.

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  1. MOU Signing Brings Michelin’s Indian TBR Plant a Step Closer
  2. 17,421 trade visitors from 120 countries attended Automechanika Middle East
  3. Al Saeedi opens tyre service facility at DIP
  4. Rubber King Tyres India: King Of The Road

UK the Largest European Car Market in March

In March, new passenger car registrations in the EU (excluding Cyprus and Malta) were 10.8 per cent higher than in the same month of 2009, according to ACEA figures. Over the first quarter of 2010 registrations rose by 9.2 per cent compared to the first three months of last year, yet were still 9.4 per cent lower than in the initial quarter of 2008. Most major European markets recovered ground in comparison with early 2009, reflecting the ongoing effect of government incentive programmes. The UK, for example, accounted for almost 400,000 new cars, or 26.6 per cent more than in 2009 – thereby becoming the largest EU market during the month. In contrast, Germany – which in 2009 had successfully boosted registrations through its own scrappage scheme – saw registrations in this post scheme month shrink 26.6 per cent to 294,375 units.

Related news:

  1. European New Car Registrations Down 5.5% in 2010
  2. New car registrations continue positive trend
  3. EU car markets all show growth in December
  4. Scrappage Scheme Ends

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