Looking back at 2018, there were several price increases that occurred across the industry, and there have already been quite a few this year as well.

Price increases are caused by numerous factors, including tariffs, tightness in supply chains, the cost of freight, shortage of drivers, constraint of product, the never-ending threat of interest rates, and more

Allied Air Enterprises (West Columbia, South Carolina) announced a price increase between 5 and 8 percent on orders shipping on or after June 18 and more.

Hercules Industries Inc. (Denver) acquired Passage Supply Co. (El Paso, Texas).

Well, that didn’t take long. The new U.S. tariffs on steel and aluminum imports went into effect at the end of March, and many manufacturers are already raising prices on equipment.

Nortek Air Solutions (O’Fallon, Missouri) announced a 6 percent price increase to all product lines, with a range of 2 to 10 percent based on material and content type, effective immediately.

A 4-9 percent price increase on applied and unitary commercial equipment and parts will be effective June 15.

The increases will impact the company’s equipment manufactured in its North American plants.

This increase is in response to the U.S. government issuing new tariffs on imported steel (25 percent) and imported aluminum (10 percent).

Aaon Inc. (Tulsa, Oklahoma) announced a price increase of up to 5 percent on HVAC equipment, effective June 15.