LTL rate hike may be in the offing
According to LM sources, other LTL providers may follow suit.
in the NewsDriver pay jumps 15% in five years, but persistent shortages dog carriers PierPass to adopt appointment System and Flat Fee for OffPeak hours at San Pedro Bay ports Pacific Northwest ports join chorus of opposition to new tariffs FlexMove, Geppert-Band Merge into Dorner Trump’s highly touted infrastructure dream nixed for this year 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!
LM Viewpoint: 2018 Salary Survey, delivering more than ever Smoother execution through S&OP View More From this Issue