Old Dominion Freight Line, High Point, N.C., is the latest less-than-truckload carrier to announce a rate increase.
The organization will adopt the SMC3 general rate increase effective Aug. 6.
The general increase involves restructuring with an overall impact of approximately 5.95%. The minimum shipment charges have been increased by $3.
The company says the increase is necessary to offset higher costs as a result of new equipment, new service centers, state-of-the art technology and wages and benefits.
The organization will adopt the SMC3 general rate increase effective Aug. 6.
The general increase involves restructuring with an overall impact of approximately 5.95%. The minimum shipment charges have been increased by $3.
The company says the increase is necessary to offset higher costs as a result of new equipment, new service centers, state-of-the art technology and wages and benefits.
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