Armstrong Announces Freight Rate Increase
Armstrong will initiate an average 5% increase to its freight programs for commercial and residential floor products, effective Dec. 1.
The company cites the record amounts of freight and a continued national driver shortage which have “affected supply-demand balances and 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.”
For more information, visit armstrong.com.