Old Dominion Announces General Rate Increase

February 09, 2009

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Old Dominion Freight Line, Thomasville, N.C., will be increasing its base rates effective Feb. 16.

However, the general increase involves a restructure that provides for increases in rates based on length of haul, rather than the traditional across-the-board increases. The rate increase does not affect minimum charges in Intrastate, Interstate or cross border lanes.

"Although each customer will have a different financial impact based on the lanes and distance their shipments move, the overall impact of the increase is approximately 5.6 percent," said Rick Keeler, senior vice president of pricing and strategic development.

"The increase is necessary to offset higher costs as a result of new equipment, new service centers, state-of-the art technology, insurance costs as well as wages and benefits," Keeler added. "We believe the increase is essential to continue to provide our customers with the value in technology and quality performance they have come to depend on."

Old Dominion Freight Line is a multi-regional and inter-regional carrier with a growing national and global footprint.

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