Old Dominion Freight Line to raise rates
Less-than-truckload carrier Old Dominion Freight Line will increase its base rates, starting April 17.
The company said the increases in its rates and minimum charges will be based on length of haul. “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 4.5 percent,” the Thomasville, N.C.-based trucking company said in a statement.
“The increase is necessary to offset higher costs as a result of new
equipment, new service centers, state-of-the art technology, insurance costs as well as wages and benefits,” said Chip Overbey, Old Dominion Freight Line’s vice president of national accounts and marketing.