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UPS Freight, ABF Announce 5.9% Mid-year LTL Rate Increase

June 03, 2013

Mid-year less-than-truckload (LTL) rate hikes—in the form of GRIs (general rate increases) for non-contractual freight—are back. 

UPS Freight, the LTL subsidiary of transportation and logistics bellwether UPS, and ABF Freight System, the LTL subsidiary of Arkansas Best Corp. each recently announced rate hikes. 

UPS Freight rolled out a GRI increase of 5.9 percent for non-contractual shipments in the United States, Canada, and Mexico, which is set to take effect on June 10. The company said this increase applies to minimum charge LTL and truckload rates and accessorial charges. 

This 5.9 percent GRI increase matches the one UPS Freight rolled out last year at this time. 

ABF said that it is revising its general rates and charges for its freight division, with rates increasing by about 5.9 percent and noting that the effect on specific lanes and shipments will vary. Company officials said the new rates can be viewed at http://www.abf.com.

YRC Freight also announced a 5.9 percent general base rate increase for all non-contractual shipments in the United States, domestic and cross-border Canada, and Mexico. The company said the general rate increase will offset cost pressures for compliance with new hours of serve legislation and CSA safety initiatives.

http://www.logisticsmgmt.com/article/ups_freight_abf_announce_mid_year_ltl_rate_increases

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