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Con-way Freight announces general rate increases

Move marks third hike of non-contract prices by an LTL carrier in the past month.

Mark Solomon
By Mark SolomonJun 21, 2012
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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Con-way Freight, the less-than-truckload (LTL) unit of Con-way Inc., late yesterday announced a 6.9-percent general rate increase to all U.S. and Canadian non-contractual shipments.

The increase takes effect July 9, Con-way Freight said in a statement. The increase affects shipments moving within the United States and within Canada, as well as cross-border shipments between the U.S., Puerto Rico, and Canada, the company said.

Con-way Freight becomes the third LTL carrier to impose a 6.9-percent rate increase on non-contractual traffic. FedEx Freight, the LTL unit of FedEx Corp., and ABF Freight System Inc. both increased their rates earlier this month.

Most, if not all, LTL carriers are expected to follow suit as carriers reap the benefits of a moderate pickup in demand and—what the carriers have touted as—a more rational pricing strategy that favors higher margins over increased market share.

ArticleTruckingTransportation
fedex freightcon-way freightabf freight system inc.
ArticleTruckingTransportation
fedex freightcon-way freightabf freight system inc.

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