Old Dominion Freight Line Inc., Thomasville, N.C., announced it will increase its base rates effective June 1.
The general increase involves a restructure that provides for increases in its rates and minimum charges based on length of haul rather than the traditional across the board increases, said Chip Overbey, vice president of national accounts and marketing.
Generally, the shorter the haul, the lower the increase impact. Each customer will have a different financial impact based on the lanes and distance their shipments move.
The tariffs affected by the increase are the ODFL 559/555, and 560. Overbey said 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.
"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."
In addition to the general rate increase, ODFL also announced several changes will be incorporated into its OD North American Rater beginning in June.
For more information concerning the general rate increase or the OD North American Rater, contact Chip Overbey or Jerry Neal at (800) 432-6335, or visit the web site under news at www.odfl.com.
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) regional carrier providing one to five day service among five regions in the United States and next day and second day service within these regions.
The general increase involves a restructure that provides for increases in its rates and minimum charges based on length of haul rather than the traditional across the board increases, said Chip Overbey, vice president of national accounts and marketing.
Generally, the shorter the haul, the lower the increase impact. Each customer will have a different financial impact based on the lanes and distance their shipments move.
The tariffs affected by the increase are the ODFL 559/555, and 560. Overbey said 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.
"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."
In addition to the general rate increase, ODFL also announced several changes will be incorporated into its OD North American Rater beginning in June.
For more information concerning the general rate increase or the OD North American Rater, contact Chip Overbey or Jerry Neal at (800) 432-6335, or visit the web site under news at www.odfl.com.
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) regional carrier providing one to five day service among five regions in the United States and next day and second day service within these regions.
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