BASF: Price Increase Across Businesses to Secure Freight Capacity

BASF will increase prices across its North American businesses in response to increasing challenges for transportation and logistics services, and to secure freight capacity and maintain customer service levels. The increases will be based on the specific impact of these costs to individual BASF business units and as contracts permit.
 
“It has become increasingly difficult to meet growing market demand in the current transportation environment,” said Teressa Szelest, president of market and business development for BASF in North America. “We are implementing additional supply models and other means to secure the freight capacity that allows us to provide our customers with the products they need, when they need them.”
 
Securing services across all freight modes has been hampered by a variety of factors, including tightened shipping capacity, a truck driver shortage, increased regulations and higher fuel prices.