Rates are going up for several big LTL carriers, in some cases to offset the ongoing transition to shorter lengths of haul in that freight segment. FedEx Freight and FedEx National LTL, subsidiaries of FedEx Corp., are the latest to boost their pricing, with plans to implement 5.9% general rate increase by Feb. 1.
FedEx said the rate increase will apply to interstate and intrastate LTL shipments, as well as shipments between the U.S. and Canada. Various additional fees include minimum and accessorial charges plus some adjustments to fuel surcharges, the carriers noted.
UPS Freight, the LTL arm of United Parcel Service, has raised its pricing as well, with a general rate increase averaging 5.7% covering non-contractual shipments in the U.S., Canada and Mexico going into effect back on Jan. 4.
Old Dominion Freight Line has announced a 4.4% general rate increase for its operations effective Jan. 18. “The general increase involves a restructure that provides for increases in our rates based on length of haul rather than the traditional across the board increases,” said Todd Polen, Old Dominion vp-pricing. “Additional increases will be taken on [shipments to] Alaska, Hawaii, Puerto Rico, Caribbean, and Mexico.”
