THOMASVILLE, North
Carolina (Aug. 22, 2011) – Todd Polen, vice president of
pricing for Old Dominion Freight Line Inc., announced that the organization
would be increasing its base rates effective Sept. 6, 2011.
“The
general increase is in keeping with our long-term pricing philosophy and as
such involves a restructure that provides for increases in our rates based on
length of haul rather than the traditional across the board increases. The
tariffs affected by the Sept. 6, 2011, increase are the ODFL 559/555 and the
505 Canadian tariffs. The rate increase will also provide for a nominal
increase in minimum charges in Intrastate, Interstate or cross border lanes.
Although each customer will have a different financial impact based on the
lanes and distance their shipments move, the overall impact of the increase is
approximately 4.9 percent” Polen said. “Similar increases will also be taken on
Alaska, Hawaii, Puerto Rico, Caribbean, Canada and Mexico.”
Polen
added: “At OD, we are committed to delivering on a value proposition that
promises excellent transit service, award winning technology and best-in-class
claims free delivery at a fair and reasonable price. As a result of that
commitment, our customers have asked for more capacity and more opportunity to
take advantage of the products and services OD has to offer. In order to meet
that demand and deliver on the commitments we have made to the market place, we
must continue to build our network and systems. However delivering on that
promise is capital intensive. Therefore, the increase is necessary to offset
the rising cost of new equipment, escalating insurance costs, securing new
service center capacity, continuing to develop state-of-the art technology, and
providing for competitive wages and benefits. We believe the increase is
essential in order to continue to provide our customers with an industry
leading value proposition.”
For
more information about Old Dominion, visit www.odfl.com
or call (800) 432-6335.
No comments:
Post a Comment