LTL general rate increases buck pricing concerns for industry

FreightWaves11-18

Carriers use annual general rate increases to offset cost inflation and fund capex. (Photo: Jim Allen/FreightWaves) Less-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% ...

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(Photo: Jim Allen/FreightWaves)\n \n\nLess-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ltl-general-rate-increases-buck-152249715.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LTL general rate increases buck pricing concerns for industry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLTL general rate increases buck pricing concerns for industry\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ltl-general-rate-increases-buck-152249715.html><strong>FreightWaves</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Carriers use annual general rate increases to offset cost inflation and fund capex. (Photo: Jim Allen/FreightWaves)\n \n\nLess-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ltl-general-rate-increases-buck-152249715.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QID","symbol_name":"纳指两倍做空ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/ltl-general-rate-increases-buck-152249715.html","article_id":"2484677067","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/cRGsKbCm4enLYRxpXAbYSg--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/02cdd712887d2a00b407b0978893e7fd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484677067","pubTimestamp":1731943369,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Carriers use annual general rate increases to offset cost inflation and fund capex. . Less-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% general rate increase across multiple tariff codes effective Dec. 2. The GRI announcement follows similar price actions from other carriers in recent weeks, tamping down concerns that the industry is losing its ability to pass through cost inflation two years into an industrial recession.Carriers typically implement GRIs to general tariff codes annually. The stated percentage increase is an expected average of changes to base rates across various lanes and weight classes. The GRIs are taken to offset general cost increases across carrier networks and to fund capex projects.“The general rate increase is based on the Company’s economic forecast and expectations for the operating environment,” said Old Dominion’s head of pricing services, Todd Polen, in a news release. “We must continue enhancing our high-quality service networ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QID":"纳指两倍做空ETF","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","GRO":"Brazil Potash Corp.",".IXIC":"NASDAQ Composite","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4585":"ETF&股票定投概念","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","PSQ":"纳指反向ETF","LU0251142724.SGD":"Fidelity America A-SGD","FDX":"联邦快递","BK4588":"碎股","SAIA":"Saia Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","LTL":"PROSHARES ULTRA COMMUNICATION SERVICES","BK4131":"航空货运与物流","ARCB":"ArcBest Corporation","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4566":"资本集团","TQQQ":"纳指三倍做多ETF","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","BK4022":"陆运","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","ODFL":"Old Dominion Freight Line","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4504":"桥水持仓","BK4232":"货物陆运","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC"},"translate_title":"零担一般费率上涨加剧了行业对雄鹿定价的担忧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARCB":1,"SAIA":1,"LTL":1,"FDX":1,"GRO":1,"ODFL":0.9,".IXIC":0.69,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Carriers use annual general rate increases to offset cost inflation and fund capex. (Photo: Jim Allen/FreightWaves)\n \n\nLess-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% general rate increase across multiple tariff codes effective Dec. 2. The GRI announcement follows similar price actions from other carriers in recent weeks, tamping down concerns that the industry is losing its ability to pass through cost inflation two years into an industrial recession.\nCarriers typically implement GRIs to general tariff codes annually. The stated percentage increase is an expected average of changes to base rates across various lanes and weight classes. The GRIs are taken to offset general cost increases across carrier networks and to fund capex projects.\n“The general rate increase is based on the Company’s economic forecast and expectations for the operating environment,” said Old Dominion’s head of pricing services, Todd Polen, in a news release. “We must continue enhancing our high-quality service network and systems to meet and exceed our customers’ expectations and deliver on our promises.”\nThe timing and percentage of Old Dominion’s (NASDAQ: ODFL) 2024 GRI is in line with its 2023 rate increase.\nABF Freight, a subsidiary of ArcBest (NASDAQ: ARCB), implemented a 5.9% GRI on Sept. 9. The increase was the same percentage as last year but came approximately three weeks earlier. Importantly, the carrier said on its third-quarter call that it has seen “really good retention” across customers impacted by the hike.\n\n\n\n  Chart: (\n  SONAR: LCWT1.USA) Initial reporting of LTL rates. 7-day moving average of daily median rate per 100 lbs. On a 14-day lag. Loads under 100 pounds are excluded. \n  To learn more about SONAR, click here.\n\n\nThere have been occasions in prior downturns when carriers didn’t take an annual GRI or the rate increases implemented didn’t stick with customers. There has been growing concern among some analysts that the industry is losing pricing power two and a half years into a general freight recession and as bankrupt Yellow Corp.’s (OTC: YELLQ) terminals have been relaunched under new ownership.\nYield increases have slowed on a year-over-year comparison, but the industry is comping notable increases in prior periods. Contractual rate increases at the public carriers were up by mid- to high-single digits again during the third quarter.\nSaia’s (NASDAQ: SAIA) 7.9% Oct. 21 GRI was 40 basis points higher and one and a half months earlier this year. FedEx Freight (NYSE: FDX) will implement a 5.9% increase on the first Monday of the year – its normal timing.\nOld Dominion’s GRI will also include “a nominal increase” to minimum charges on intrastate, interstate and cross-border lanes.\nMore FreightWaves articles by Todd Maiden\n\nYellow shareholder loses bid to quash pension claims\nRadiant Logistics points to some positives on quarterly call\nSchneider National launches Mexico, US Southeast intermodal service\n\nThe post LTL general rate increases buck pricing concerns for industry appeared first on FreightWaves.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484677067"}