THOMASVILLE, N.C., May 21, 2018 /PRNewswire/ -- Old Dominion
Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate
increase (GRI) of 4.9% applicable to rates established under the
existing ODFL 559, 670, and 550 tariffs effective June 4th, 2018.
Todd Polen, Old Dominion's Vice President of Pricing Services,
commented, "At Old Dominion, we are committed to delivering our
superior value proposition of on-time, claims-free service at a
fair price. In order to satisfy our customers' expectations and
deliver on the promises we have made, we must continue to enhance
our high-quality service network and systems. Our GRI will affect
our class tariffs and is intended to partially offset the rising
costs of new equipment, real estate, technology investments, and
competitive employee wage and benefit packages. Although the GRI
will impact each customer differently based on specific shipment
lanes and distance traveled, it is consistent with our long-term
yield management philosophy and the overall impact of the increase
is anticipated to be approximately 4.9 percent. The GRI also
provides for a nominal increase in minimum charges with respect to
intrastate, interstate and cross border lanes.
For more information about Old
Dominion, visit www.odfl.com or call (800)
432-6335.
About Old Dominion Freight Line, Inc.
Old Dominion Freight Line, Inc. is a leading,
less-than-truckload ("LTL"), union-free motor carrier providing
regional, inter-regional and national LTL services, which include
ground and air expedited transportation and consumer household
pickup and delivery through a single integrated organization. In
addition to its core LTL services, the Company offers a range of
value-added services including container drayage, truckload
brokerage, supply chain consulting and warehousing.
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SOURCE Old Dominion Freight Line, Inc.