There must be something magical about the number 6.9. To the surprise of no one, two more less-than-truckload carriers – YRC and Con-way Freight – have announced general rate increases of 6.9%, following the lead of UPS Freight and ABF, which recently announced their own rate hikes, at the identical 6.9%.
YRC is announcing a general rate increase covering non-contractual shipments in the United States, Canada and Mexico. Rates will increase by an average of 6.9% but will vary by lane and shipment type. The rate adjustments take effect August 1, 2011, and apply to minimum charge, LTL rates and accessorial charges. Domestic Canada rates remain unchanged at this time.
Con-way Freight, the nationwide less-than-truckload (LTL) carrier of Con-way Inc., has announced that it will institute a general rate increase averaging 6.9% applicable to non-contractual business effective Aug. 1, 2011. Con-way Freight’s rate increase will be implemented for customers on the company’s CNW 599 tariff and will apply to general LTL rates, minimum charges and accessorial or supplemental fees for special services for LTL shipments moving within the United States and Canada, as well as cross-border shipments moving between the U.S., Puerto Rico and Canada.
The effect of the rate increase will vary for individual shippers and shipments based on characteristics such as geography, lane, product classification and weight. Customers can view the new rates after Aug. 1 here.