Old
Dominion Freight Line, a Less-than-truckload carrier has increased its
base rates by 5.1% starting March 26, 2007. This rate increase will
differ based on customer lanes and shipment distances. The increase
implies restructuring that will allow increase in rates and minimum
charges based on length of haul rather than the traditional “across
the board†increases. Usually, the shorter the haul, the lower the
impact of the increase. Even though each customer will have a different
financial impact based on the lanes and distances their shipments
cover, the overall increase is about 5.1%.
This increase in
tariff is essential to balance higher costs as a result of new
equipment, new service centers, the latest technology,
insurance costs and wages and benefits, etc. In order to continue to
provide customers with value in technology and graet performance they
have now grown to depend on this increase is essential.Â
Founded in 1934,
ODFL Inc. is a less than truckload or LTL super regional carrier
providing one to five day service, and next day and second day
services. They offer premium expedited services, truckload services,
truckload brokerage services, logistical solutions and container
delivery to and from ten ports and distribution services. ODFL offers a
range of unique products and services with complete nationwide coverage
with the Southeast, South Central, Northeast, Midwest and West regions
of the country. This includes 37 states with 100% full-state coverage
and international services around the globe. ODFL has a tracking
technology system, which lets its customers track the status of their
shipments in real time.