Rick Keeler, Senior Vice President of Pricing and Strategic Development and Todd Polen, Vice President of Pricing for Old Dominion Freight Line, Inc., announced from the less-than-truckload carrier’s Thomasville, N.C. headquarters that the organization would be increasing its base rates effective January 18, 2010.
‘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. Minimum charges in shorter haul lanes will be increased slightly while minimum shipments in longer haul lanes will be reduced,’ said Polen.
‘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 4.4 percent,’ stated Keeler. ‘Additional increases will be taken on Alaska, Hawaii, Puerto Rico, the Caribbean and Mexico.’
The tariffs affected by the January 18, 2010, increase are the ODFL 559/555 and the 505 Canadian tariffs. Keeler also said, “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.’ Polen added, ‘We believe the increase is essential to continue to provide our customers with the value in technology and quality performance they have come to depend on.”
Old Dominion Freight Line, Inc. is a multi-regional and inter-regional less-than-truck load (LTL) carrier offering a national scope and with a growing global footprint. Domestically, OD provides complete national coverage to all 48 continental states and the District of Columbia with regional service in the Southeast, Central States, Gulf States, Northeast, Midwest, Pacific Northwest and Western regions of the country. Through its OD-Global division, OD offers LCL, FCL and Assembly and Distribution services to and from all of North America, Central America, South America and the Far East. Old Dominion also offers a complete range of expedited products and services through its OD-Expedited service product group and state-of-the-art technology via its OD-Technology product solutions.