MEMPHIS, TN, May 16, 2018 (Press Release) -Beginning July 1, 2018, Buckman will implement a $0.02 to 0.04/pound price increase on all products sold and delivered to customers in North America. The change is being driven by limited capacity, a shortage of drivers, new freight regulations and rising cost of fuel.
“The widely-publicized driver shortage along with other factors, such as the new electronic logging device rule, are causing a significant increase in freight rates,” said Jim Doan, President/COO of Buckman North America. “We have worked diligently to find the best solution to alleviate the effect of these issues, but unfortunately Buckman can no longer absorb all of these higher freight costs.”
Buckman is a privately-held, global specialty chemical company with headquarters in Memphis, Tenn., USA. Buckman works proactively and collaboratively with worldwide customers in pulp and paper, leather, and industrial water treatment and process chemistry to deliver exceptional service and innovative specialty chemical solutions. Buckman's goal is to help customers boost productivity, reduce risk, improve product quality and provide a measurable return on investment. Buckman is committed to safeguarding the environment, maintaining safety in the workplace and promoting sustainable development, for its associates, its customers and the communities it serves in more than 90 countries around the world.