general rate increase

2023 GRI: UPS & FedEx General Rate Increases

Old Dominion Freight Line was the latest less-than-truckload carrier to implement a general rate increase ahead of schedule. The 4.9% adjustment is in line with the rate hike it announced earlier in the year.

Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.

Forward Air is the latest transportation provider to implement general rate increases amid a tight capacity environment. The company’s 6% GRI will apply to all shipments.