inside Michelin hopes to spur OE sales with new aftermarket run-flat tires for sedans 3
ITRA announces plan to merge '98 show with Service Station Dealers Association 3
Cost containment measures helped boost Goodyear's profits 12 percent in first quarter 4
BFS faces challenge of boosting market share as it anticipates flat year for truck tires 5
Europe's passenger retreading market expects steady growth in coming years 11
ITRA Show coverage:
Attendance dropped, but buyers were plentiful 14
Goodyear's Eugene Culler declares retreading part of company's core business 15
Automotive Service 6-7
Mail Call 8
New Products 13
New Wheels 12
On the Move 12
Stock Performance 4
Tire Shipments 21
Treadco ends qtr. $1.9 million in red
FORT SMITH, Ark.—Treadco Inc. continued to struggle with effects of changing retread suppliers and loss of national account business during the first quarter.
The commercial tire dealership and retreader reported a net loss of $1.89 million, compared with a loss of $1.18 million in 1996, as sales edged up 3.4 percent to $33.2 million.
The company said the results reflect slower-than-expected replacement of national account retread business lost in 1996 as it switched from being a Bandag Inc. franchisee to an Oliver Rubber Co. licensee.
While retread sales fell 5.5 percent for the quarter, newtire sales increased 9.4 percent and service revenues jumped 17.6 percent.