- Old Dominion Freight Line Inc ODFL announced a general rate increase (GRI) of 4.9% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective January 3, 2022.
- The company expects the rate increase to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages.
- The rate increase also provides a nominal rise in minimum charges for intrastate, interstate, and cross-border lanes.
- Price Action: ODFL shares are trading lower by 0.25% at $352.69 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
