LTL GRIs

Forward Air announced a 5.9% general rate increase for 2024 that is near the middle of the range of recent carrier announcements.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

Less-than-truckload carrier Saia implements a 6.5% general rate to offset cost inflation and advance network investment.

Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.

A Wednesday update from less-than-truckload carrier Yellow Corp. showed volume trends worsened in February on what was supposed to be an easy year-over-year comp.

El descenso del 27% se agrava respecto a enero; otros transportistas registran ganancias

AskWaves looks at the impact general rate increases have on less-than-truckload rates.

Old Dominion Freight Line was the latest less-than-truckload carrier to implement a general rate increase ahead of schedule. The 4.9% adjustment is in line with the rate hike it announced earlier in the year.

Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.

Forward Air’s initiative to upgrade its freight mix to a heavier class of premium cargo was evident in November results.

Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.

General rate increases for less-than-truckload shipments not under contract are rolling in ahead of schedule and are a little higher than normal.

Logistics provider ArcBest Corp. reported that the positive trends in its asset-based segment during January were derailed by poor weather in February. Overall, less-than-truckload fundamentals “remain generally positive,” according to one analyst.

Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.

Forward Air is the latest transportation provider to implement general rate increases amid a tight capacity environment. The company’s 6% GRI will apply to all shipments.