rate News Updates

Business

Swift Expands Refrigerated Service in $225 Million Purchase of Central

Swift Transportation Co. said it acquired Central Refrigerated Service for $225 million, a move that officials said will significantly expand Swift’s temperature-controlled truckload business.

August 12, 2013
Business

KLLM Owners to Buy FFE in $38.2 Million Reefer Deal

Two Mississippi businessmen have agreed to purchase Frozen Food Express Industries for $38.2 million, which could lead to the creation of the third-largest refrigerated carrier in North America.

July 22, 2013
Business

Con-way Freight Sets 5.9% Rate Increase

Con-way Freight said it will raise its less-than-truckload rates 5.9%, effective June 24.

June 12, 2013
Business

Tight Capacity, Govt. Actions Push Produce Freight Rates Up

Produce shipments are being squeezed by capacity constraints and government actions, driving up rates as market demand builds toward the usual late-June peak, according to industry officials.

June 10, 2013
Business

Three LTLs Up Rates 5.9%, Push Effective Dates 6 Weeks

Three of the largest less-than-truckload carriers recently announced 5.9% rate increases, continuing a trend of accelerating the timing of rate adjustments.

June 10, 2013
Business

Continental Express Acquires Ranger Refrigerated

Truckload carrier Continental Express said it has acquired Texas carrier Ranger Refrigerated Express Corp. Terms were not disclosed.

April 3, 2013
Business

Truckload Execs Predict Rate Increases on More Freight, Fewer Drivers

LAS VEGAS — Simultaneous improvement in freight demand and a sharp shrinkage in driver candidates is squeezing truck capacity and ratcheting up pressure to raise rates now, ahead of expected productivity losses from upcoming hours-of-service rule changes, according to several fleet executives.

March 11, 2013
Business

STB OKs Rate Review Process That Could Increase Its Cases

The Surface Transportation Board on Sept. 27 outlined a new process for determining whether rail freight rates charged to shippers are excessive, and the new process could increase the number of cases before the agency.

October 8, 2012
Business, Logistics

Frozen Food Express Swings to 2Q Profit

Frozen Food Express Industries reported a second-quarter profit, turning around a loss from a year ago, as its brokerage and logistics results improved.

July 25, 2012
Business

FedEx Freight Raises Rates; Other LTLs Increase Prices

FedEx Freight levied a 6.9% rate increase, prompting other less-than-truckload carriers to signal similar moves as they try to capitalize on a strong rate environment.

June 18, 2012