NewsHK
Old Dominion Freight Line is implementing a 4.9% general rate increase on Oct. 5, a date one month earlier than the company's previous hike.
The shift aligns with a broader trend among less-than-truckload carriers that are moving their pricing schedules ahead of the traditional annual cycle.
The 4.9% figure represents an expected average of adjustments to base rates across different lanes and weight classes.
Greg Lawrence, vice president of pricing services at Old Dominion, stated in a news release that the company must continue investing in its service network and technology systems to meet customer expectations.
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