Old Dominion Freight Line (NASDAQ: ODFL) is the most recent less-than-truckload carrier to implement a general rate increase (GRI). The carrier announced Thursday a 4.9% hike to rates under various class codes effective Jan. 3. The GRI will start two months ahead of a similar increase it installed earlier in 2021.
Less-than-truckload carriers typically issue GRIs annually to account for cost inflation throughout the network. The increases are applied to general tariff codes not under contract...
https://www.freightwaves.com/news/old-dominions-gri-latest-in-round-of-early-rate-bumps