Management & Operations

IC announces bus price hikes for 2007

Posted on December 13, 2006

The rising costs of commodities such as rubber, steel and plastic, combined with increased prices from suppliers, have forced IC Corporation to raise its 2007bus prices. The Warrenville, Ill.-based company estimates that bus prices will increase $2,500 to $3,000 per unit, effective Feb. 1, 2007. This increase is in addition to previously announced increases, which also included the costs associated with meeting 2007 federal emissions standards. A high percentage of the material value of a bus consists of steel and petrochemical products. Since 2003, all commodity prices have increased: steel and oil have doubled, copper has risen 150%, aluminum has increased more than 50% and platinum, which goes into new after-treatment devices, has also gone up significantly. “IC Corporation is making this announcement as early as possible to allow for customers, especially school districts who are already confined to tight budgets, to plan accordingly,” said Michael Cancelliere, vice president and general manager of IC Corporation. “As a company, we’re continuing our attempts to absorb as much of the rising material costs as possible, while at the same time working to improve our manufacturing process and products. All efforts are being taken to minimize passing these cost increases on to our customers.”

View comments or post a comment on this story. (0 Comments)

More News

GMs discuss impact of first-, last-mile solutions

We asked top transit officials which mobility option (microtransit, autonomous vehicles or bike-share) do you feel could have the most impact at your agency?

Transit Industry Survey Finds Customer Experience is Vital

Transdev is sharing results of a recently completed survey to help the entire industry understand how the goals and vision of transit agencies are evolving across the country.

D.C. Metro inspector to review Silver Line construction issues

Including concerns around the quality of concrete used in the project and other construction elements and practices.

Transportation workers form coalition to stop driverless buses in Ohio

If transportation authorities introduce autonomous vehicles or wages start to fall, the union will organize a strike, according to union chief.

Setzer named president of transit for Transdev North America

Most recently served as CEO of the company’s Nassau County, N.Y.,  the largest contracted transit system in the U.S.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation