Tag Archives: Old Dominion Freight Line

Old Dominion Freight Line Announces General Rate Increase effective March 2, 2020

Published by:

THOMASVILLE, N.C. ( February 17, 2020) – Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs effective March 2, 2020.

Todd A. Polen, Old Dominion’s Vice President – Pricing Services, commented, “At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair price. To satisfy our customers’ expectations and deliver on the promises we have made, we must continue to enhance our high-quality service network and systems. This GRI will affect our class tariffs and is intended to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages. Although the GRI will impact each customer differently based on specific shipment lanes and distance traveled, it is consistent with our long-term yield management philosophy and the overall impact of the increase is anticipated to be approximately 4.9 percent. The GRI also provides for a nominal increase in minimum charges with respect to intrastate, interstate and cross border lanes.”

For more information about Old Dominion, visit www.odfl.com or call (800) 432-6335.

Old Dominion Freight Line MLB Spring Training with Nationwide Fan Events

Published by:

THOMASVILLE, N.C. (Jan. 24, 2020) – Old Dominion Freight Line, the Official Freight Carrier of Major League Baseball (MLB), drives the annual Spring Training send-off tradition with MLB clubs across the country.

The company will deliver clubs’ equipment to warmer locations as the teams start Spring Training, presented by Camping World. Before Old Dominion’s trucks hit the road, teams will celebrate the unofficial start of the 2020 baseball season with fans, coaches, current players, alumni, and team mascots.

Read more at odfl.com