LTL carriers continue to issue general rate increases
*** This news article contains External Links. ***
APPS Transport Group and APPS Cargo Terminals cannot and does not warrant the accuracy, completeness, timelines, non-infringement, merchantability or fitness for a particular purpose of information available through these links, and disclaims any opinions expressed on such sites.
By clicking on any link in this article, you will be brought to an External Site.
Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) announced a 4.9% general rate increase Monday for freight carried under various general tariff codes. The increase will be effective March 1.
The rate bump follows similar announcements from LTL carriers in recent weeks. The majority of the increases are in the 5% to 6% range, likely indicative of tightening LTL capacity and a rate-disciplined environment.
Saia’s (NASDAQ: SAIA) 5.9% rate increase began on Jan. 18 and logistics provider ArcBest (NASDAQ: ARCB) installed a 5.95% GRI for LTL services starting Jan. 25.
Yellow, formerly YRC Worldwide (NASDAQ: YELL), implemented a 5.9% increase at the beginning of February. Asset-light LTL provider Forward Air (NASDAQ: FWRD) installed a 6% GRI at the same time.
APPS is an active member of the business community with memberships and affiliations with many industry, business and governmental bodies including:
