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Volvo Flags Price Rises on Truck Demand, Supply Chain Costs

  • Truckmaker experiencing rising costs to manage supply snarls
  • Manufacturer restricts taking on orders as delivery times grow
Logistics company DFDS has ordered 125 heavy-duty Volvo electric trucks.

Logistics company DFDS has ordered 125 heavy-duty Volvo electric trucks.

Source: Volvo Group

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Volvo Group said strong demand for trucks coupled with a strained supply chain and higher costs for raw materials and freight will continue to drive inflation.