Subscribe to our free, weekly email newsletter!



LTL rate hike may be in the offing

According to LM sources, other LTL providers may follow suit.
By Patrick Burnson, Executive Editor
September 07, 2010

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 Author

image
Patrick 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 .(JavaScript must be enabled to view this email address).


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!

Recent Entries

Carload volumes were up 2.8 percent at 304,276, and intermodal volume for the week ending August 16 was up 5.4 percent at 270,316 containers and trailers.

Even though this data can be viewed as “old” in the sense that there is not a whole lot new to report about the port labor talks, it does a good job of looking into the mindset of shippers as talks continue.

Company officials said this service will be provided without any type of additional cost for customer shipments traveling from Ohio, Michigan, and Indiana, with expedited services available to customers outside of this area.

FTR says both spot rates and contract rates are heading up in a full capacity environment and with the fall shipping season rapidly approaching, it explained conditions for shippers could further deteriorate.

Read how others are using Business Process Management to achieve ERP success with Microsoft Dynamics AX. Download the free white paper now.

Article Topics

Blogs · LTL · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA