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ODFL Boosting Rate by 5.1%; Sets New U.S.-China Service
Less-than-truckload carrier Old Dominion Freight Line said it would raise its base rates by about 5.1%, effective next Monday.
The rate increases will vary by customers’ lanes and shipment distances, the company said in a statement Friday.The general increase involves restructuring that provides for increases in its rates and minimum charges based on lengf haul rather than the traditional across the board increases, ODFL said.Meanwhile, Old Dominion said it offer transportation services between China and the United States. The offering will be an integrated service with its domestic transportation system, including LTL, truckload, container drayage and expedited services.The offering is supported by ODFL’s Chinese partner, Cargo Services Far East Ltd., based in Hong Kong, which is the largest privately owned logistics provider in China, ODFL said.Cargo Services operates 28 offices in China and is planning 13 additional offices this year, ODFL said.Old Dominion Freight Line is ranked No. 24 on the Transport Topics list of 100 top for-hire North American carriers.