Consolidated Freightways announced today it will implement a general freight rate increase of about 5.1% on August 1. The company will also increase its absolute minimum shipment charge by $5 and certain accessorial charges by 5%.
"Carriers are faced with rising costs for insurance, wages, fuel and equipment," said Patrick Brady, senior vp of sales and marketing. "This increase is designed to offset these costs."
Viking Freight, American Freightways and Yellow Freight Systems previously announced rate increases, which will take place August 6.