NATION’S TOP LTL CARRIERS, WARN OF RATE INCREASES
By: Phil Sneed
(TANDEM LOGISTICS NEWS FEED 8/13/11): Several of the nation’s top less-than-truckload (LTL) carriers, fresh from announcing rate increases of nearly 7 percent on their non-contract traffic, are prepared to impose another round of rate hikes in February 2012, according to a top executive at a firm that advises shippers on spend management issues.
John Haber, executive vice president of transportation for Atlanta-based NPI, said he’s been told by reliable sources at several LTL carriers to expect another round of general rate increases in February. That would be about six months after the most recent cycle of increases, most of which went into effect at the beginning of August. The one exception is FedEx Freight, the LTL unit of FedEx Corp. and the nation’s largest LTL carrier, which today announced a 6.75-percent rate increase, effective Sept. 6.
Haber, whose firm represents about 300 shippers of varying sizes, said he’s been told that the 2012 increases would likely fall in the 5- to 6-percent range, less than the 6.9-percent rate increases announced by UPS Freight, ABF Freight System Inc., YRC Worldwide Inc., and Con-way Freight or the 6.75-percent increase from FedEx Freight.
Source: DC Velocity Aug’11