Old Dominion increases LTL rates

196148 Resource 165493 94146 94146 1201895967483 1201895798110 Controlled Are your LTL rates increasing in 2008?

Old Dominion, following UPS Freight and FedEx Freight, announced a 5.4 percent on average increase in their rates.

Old Dominion announced that it will be raising its LTL base rates on February 11 by an average of 5.4 percent.  This is greater than the 5.1 percent increase they passed to the customers in 2007.  This increase is inline with the UPS-Freight and FedEx Freight increases that were issued in December and January.  According to an article in Logistics Management, negotiated transportation rates decreased for both LTL and TL in 2007.  It is believed that the rates would remain the same for 2008 or possibly decrease.  However; the fuel surcharge continues to rise and should be considered when looking at the rates.  How will the increases affect your transportation spend?  <a href="http://www.establishinc.com/fuel_surcharge.asp">Benchmarking</a> your current rates and assessing your contract will help you to determine if you are ready for the increases.  <a href="http://www.establishinc.com/s_transportation_management.asp">Negotiating</a> the contract for long term with published rate increase in mind will alleviate any high increases. 9 application/xml false Benchmarking FedEx Freight Fuel Surcharge LTL Old Dominion TL transportation contracts transportation rates UPS Freight Old Dominion increases LTL rates Purchasing.com http://www.purchasing.com/article/CA6527206.html 2008 Logistics Rate Outlook: Uncertainty abounds Logistics Management http://www.logisticsmgmt.com/article/CA6518401.html Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.0.04506) 127.0.0.1 127.0.0.1 Establish 208.105.4.154 false true false false true 187565 false false true false false false true 165493 blog blogsite/ChinaSupplyChain/web