This sound is generated automatically. Let us know if you have any feedback.
Forward Air will raise its rates by 5.9% on shipments from February 5, the carrier was announced Last week.
The Greeneville, Tennessee-based carrier said the general rate increase is necessary to raise additional funds to improve service as well as to address economic inflation and increased costs in real estate, equipment and cost per mile. The increase corresponds to 5.9% Rate increase 2023 was implemented on February 6 but lower than that General rate increase 2022 of 7.9%.
Forward Air’s action follows previously announced fare increases by other carriers.
FedEx Freight announced percentage increase between 5.9% and 6.9%, effective January 1.
Old Dominion Freight Line has raised prices twice this year. A 4.9% increase occurred in January, followed by another 4.9% increase that took effect on December 4.
Saia LTL Freight October announced that it would implement a general interest rate increase of 7.5% on average, which took effect on December 4.