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YRC hikes rates on non-contract shipments

Trucker becomes fourth LTL carrier to take such action.

Mark Solomon
By Mark SolomonJul 18, 2011
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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Less-than-truckload (LTL) carrier YRC Worldwide Inc. today announced it will impose a 6.9-percent general rate increase on North American non-contract shipments, becoming the fourth LTL carrier in less than three weeks to impose the same rate hike on non-contractual customers.

UPS Freight, the LTL unit of UPS Inc., fired the first salvo on July 1 when it announced a 6.9-percent hike. It was followed by ABF Freight System Inc. and late yesterday by Con-way Freight, the LTL unit of Con-way Inc.

The YRC rate changes take effect Aug. 1 and will also apply to minimum shipment charges and so-called accessorials, value-added services that supplement the actual linehaul service. Rates for shipments moving within Canada will remain unchanged for now, YRC said.

The YRC adjustments come three days before the financially ailing company is set to unveil a sweeping restructuring plan that many believe will set its fate for years to come. On July 22, it is expected to name a new CEO to replace long-time head William D. Zollars, who said he would retire once the restructuring is completed and a successor is named.

ArticleTruckingTransportation
con-wayupsyrc worldwideabf freight system inc.
ArticleTruckingTransportation
con-wayupsyrc worldwideabf freight system inc.

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