rate News Updates

Business

FedEx Freight Announces 6.9% Rate Increase

FedEx Freight announced Friday it will raise shipping rates by 6.9% on July 9.

June 8, 2012
Government, Business

CARB Declines to Extend Reefer Rule Deadline

California environmental regulators have approved a slate of amendments to fine-tune the state’s transport refrigerated unit rule, but denied a request by industry stakeholders to push back compliance deadlines by extending the useful life of the units from seven to nine years.

October 25, 2011
Business

Old Dominion Sets 4.9% Rate Increase

Less-than-truckload carrier Old Dominion Freight Line said it will implement a 4.9% rate increase, effective Sept. 6.

August 24, 2011
Business

UPS, ABF Raise Rates 6.9%, Heralding Industry Increases

UPS Freight and ABF Freight System, two of the nation’s largest less-than-truckload carriers, recently announced general rate increases of 6.9% each, a move analysts said heralds an industry push to higher rates.

July 11, 2011
Business

Fed Trims Economic Forecast; Holds Key Interest Rate at Record Low

Federal Reserve officials lowered their forecasts for growth and employment this year and into 2012, saying the U.S. economy “is continuing at a moderate pace, though somewhat more slowly” than previously projected.

June 22, 2011
Business

Refrigerated Fleets Seek Reimbursement for Rising Costs of Cooling Shipments

While all fleet managers are waging a battle with soaring diesel prices, refrigerated carriers are facing a second front in terms of collecting fuel surcharges to cover the cost of buying the red-dyed diesel that powers the engines of their reefer units.

April 25, 2011
Business

Trucking Rates Rising Due to Tighter Capacity, Higher Costs

Trucking firms could see their biggest rate increases in years in 2011, and coupled with rising equipment and fuel prices, end products’ costs could increase accordingly, USA Today reported Monday.

February 28, 2011
Business

Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs

The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.

February 4, 2011
Business

Fed Keeps Interest Rate at Record Low

The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%.

January 26, 2011
Government, Business

CARB May Be Flexible on Reefer Retrofits

California environmental regulators have pledged to cut truckers some slack early next year while enforcing the state’s amended transport refrigeration unit rule that will require all refrigerated trucks and trailers be equipped with low emission TRU retrofits or engines on their 2003 trucks and trailers by Dec. 31.

November 30, 2010