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. 

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.

This entry was posted on Friday, March 30th, 2007 at 1:14 am and is filed under Freight-World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.