Old Dominion Freight Line will increase its base rates by about 4.9% effective Sept. 6.
The general increase involves a restructure that provides for increases based on length of haul rather than the traditional across the board increases.
The tariffs affected by the Sept. 6 increase are the ODFL 559/555 and the 505 Canadian tariffs. The rate increase will also provide for a nominal increase in 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 4.9%, and similar increases will also be taken on Alaska, Hawaii, Puerto Rico, Caribbean, Canada and Mexico.
The increases at ODFL follow similar rate hikes taken by other LTL carriers.
The general increase involves a restructure that provides for increases based on length of haul rather than the traditional across the board increases.
The tariffs affected by the Sept. 6 increase are the ODFL 559/555 and the 505 Canadian tariffs. The rate increase will also provide for a nominal increase in 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 4.9%, and similar increases will also be taken on Alaska, Hawaii, Puerto Rico, Caribbean, Canada and Mexico.
The increases at ODFL follow similar rate hikes taken by other LTL carriers.
0 Comments
See all comments