THOMASVILLE, N.C.,
Aug. 16, 2017 /PRNewswire/ -- Old Dominion Freight Line, Inc.
(NASDAQ: ODFL) today announced a general rate increase (GRI) of
3.5% applicable to rates established under the existing ODFL 559,
670, and 550 tariffs effective September 1,
2017.
Todd Polen, Old Dominion's vice president of pricing 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. 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. (NASDAQ: ODFL) is a leading,
less-than-truckload ("LTL"), union-free company providing premium
service to all its customers. Old
Dominion offers regional, inter-regional and national LTL
service. In addition to its core LTL services, the company offers
its customers a broad range of logistics services including ground
and air expedited transportation, supply chain consulting,
transportation management, truckload brokerage, container delivery
and warehousing. In addition, Old
Dominion offers a consumer product for household moving: OD
Household Services. Through strategic partnerships, the Company
also offers international freight forwarding services throughout
the world. Old Dominion's claims ratio
and on-time record are among the best in the industry. For more
than 80 years, Old Dominion has been
helping the world keep promises.
Recently, Old Dominion was
recognized with the following acknowledgements for company
leadership in the industry:
- For the eighth consecutive year, Logistics Management honored
OD with its Quest for Quality Award.
- Inbound Logistics magazine named Old
Dominion to its 75 Green Supply Chain Partners (G75) 2017
list for the seventh consecutive year.
- Institutional Investors named David
Congdon 2017 Best CEO for Airfreight & Surface
Transportation division
- The ATA Transportation Security Council awarded OD with its
2016 Excellence in Claims and Loss Prevention Award for the fourth
consecutive year.
- Mastio & Company ranked Old
Dominion as No. 1 National LTL carrier for the seventh
consecutive year.
- ATA 2016 President's Trophy Award winner in the Over 100
Million Miles category
- 2016 SmartWay Excellence Award winner.
- Inbound Logistics magazine recognized Old
Dominion as a 2016 Top 100 Trucker.
- Supply Chain Brain named ODFL in its 2016 "100 Great Supply
Chain Partners" listing.
- NASSTRAC honored the company as 2016 Multi-Regional LTL Carrier
of the Year for the fourth consecutive year.
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SOURCE Old Dominion Freight Line Inc.