Two US freight firms have said they will increase prices over the next month and analysts expect others to follow.
In two very similarly worded announcements, UPS Freight, the fourth largest less-than-truckload (LTL) carrier in the US, and ABF Freight announced they planned to hike rates by 6.9%.
UPS said its rate adjustment for non-contractual shipments would take place on 1 August and would apply to minimum charge, LTL rates and accessorial charges.
It will apply to shipments in the US, Mexico and Canada and the impact may vary “based on specific lanes or shipment characteristics, such as weight or class”, UPS said. Full Story.....