THOMASVILLE, N.C. — Less-than-truckload carrier Old Dominion Freight Line, Inc., says it increasing its base rates effective Jan. 18.
“The general increase involves a restructure that provides for increases in our rates based on length of haul rather than the traditional across the board increases,” said Todd Polen, vice president of pricing. “Minimum charges in shorter haul lanes will be increased slightly while minimum shipments in longer haul lanes will be reduced.”
“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 4.4 percent,” said Rick Keeler, senior vice president of pricing and Strategic development. “Additional increases will be taken on Alaska, Hawaii, Puerto Rico, the Caribbean and Mexico.”
The tariffs affected by the Jan. 18 increase are the ODFL 559/555 and the 505 Canadian tariffs, the company said.
“The increase is necessary to offse 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 said.
Old Dominion Freight Line Inc. is a multi-regional and inter-regional LTL carrier. Domestically, OD provides complete national coverage to all 48 continental states and the District of Columbia with regional service in the Southeast, Central States, Gulf States, Northeast, Midwest, Pacific Northwest and Western regions of the country. Through its OD-Global division, OD offers LCL, FCL and Assembly and Distribution services to and from all of North America, Central America, South America and the Far East.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.