LTL rate hike may be in the offing
According to LM sources, other LTL providers may follow suit.
in the NewsLEAN Warehouses Simplify Complicated Distribution XPO’s service offerings for Sealed Air are extended through new contract Maersk cyber attack contained as ports and technology solution providers seek answers New wave of cyberattacks continues to impact supply chain operations Jindel tells SMC3 attendees how Amazon continues to distance itself from other retailers 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]
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
2017 Rail/Intermodal Roundtable: Volume stable, business steady Cross-Border Logistics: NAFTA tune-up time View More From this Issue