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

MTA to launch LIRR fare, ticketing field study

Program will offer discounted fares for customers traveling between Brooklyn and seven stations in Queens on a temporary basis. 

NYCT expanding some bus, rail service to accomodate demand

The changes will result in shorter wait times and reduced crowding on the lines at certain times.

Reed named deputy CEO of The Rapid

She has held positions in the public and private transportation, aviation and hospitality industries for nearly two decades.

National Express Transit to operate Pa. operators' fixed route, paratransit

Furnishes WCTA drivers, mechanics, maintenance, and management services for the authority as part of the contract.

Palm Tran focuses on importance of its bus operators

Since the day-to-day tasks of bus operators are hard work, Palm Tran and county officials honored the drivers through “Bus Operator Appreciation Day” in April.

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

Please sign in or register to .    Close