Old Dominion Freight Line, Inc. announced on November 18, 2024, a general rate increase (GRI) of 4.9%. This increase is applicable to rates established under the existing ODFL 559, 670, and 550 tariffs.
The new rates will become effective on December 2, 2024. This strategic pricing adjustment reflects the company's ongoing commitment to yield management and its ability to implement cost-based increases.
Implementing a GRI allows Old Dominion to offset operational cost inflation and continue investing in its network and services. This move demonstrates the company's pricing power within the LTL industry, which is a key factor for maintaining profitability and market leadership.
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