Viking, American Freightways raising rates 5.9%

July 10, 2001
FedEx Corp. subsidiaries Viking Freight Inc. and American Freightways Inc. will implement general rate increases of 5.9% effective August 6. The LTL carrier’s rate increase will apply to Viking's intra- and interstate traffic, including Canada transborder and Mexico border shipments, as well as to minimum and accessorial charges. Various additional adjustments will be made to selected lanes and service
FedEx Corp. subsidiaries Viking Freight Inc. and American Freightways Inc. will implement general rate increases of 5.9% effective August 6. The LTL carrier’s rate increase will apply to Viking's intra- and interstate traffic, including Canada transborder and Mexico border shipments, as well as to minimum and accessorial charges. Various additional adjustments will be made to selected lanes and service areas.

Keith E. Lovetro, Viking's vp of marketing, said the increase is needed to make physical improvements in the services it offers. He said that along with investments in service centers, equipment, safety programs, and employee training, Viking is focusing on increasing the real-time web-based information available to shippers.

"These investments contribute to our ability to provide reliable, award-winning services that help our customers, and our customers' customers, better manage their businesses in today's economically challenging environment," he said.

Loverto added that Viking is also investing in the development of new services to meet the changing needs of shippers.

"Constantly analyzing the marketplace and what our customers tell us they need enables Viking to offer easy-to-do-business-with services that can help customers compete more effectively,” Loverto said.

Dennie Carey, American Freightways's executive vp of marketing, echoed Loverto’s statements.

Last week, Yellow Freight Systems announced its plans to raise its rates 4.9% beginning August 1. Analysts say carriers tend to announce rate increases in time for the strongest seasonal demand, between August and November, with hopes that customers will pay more for freight transportation that helps them reduce inventory costs.

About the Author

Tim Parry

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...