LTL rate hike may be in the offing
According to LM sources, other LTL providers may follow suit.
in the NewsThe State of the DC Voice Market project44 rolls out multimodal integration with MercuryGate TMS Making the Case for FedEx Critical Inventory Logistics Panjiva says U.S.-bound waterborne shipments see gains in December and for 2017 LTL rates seen zooming in excess of 5 percent this year, veteran truckers say More News
YRC Worldwide, Inc. may be poised this month to impose a general rate increase of 5.9 percent. According to LM sources, other LTL providers may follow suit.
In a letter sent to YRC shippers, company executives stated that it will be necessary to pass along a portion of its expenses “outside its direct control.”
This includes rising healthcare cost, highway infrastructure, and environmental sustainability requirements.
Sources maintain that the anticipated hike will hit by September 20, although this is yet to be confirmed by YRC.
Meanwhile, does this signal an industry trend?
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
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