Old Dominion Freight Line will raise the cost of certain services through a 4.9% general rate increase, the company announced Monday.
The increase involves the carrier’s existing 559 standard LTL, 670 cubic meter and 550 fuel-related tariffs, the same areas the business did with its previous increase last fall. The change is effective Oct. 5.
The change comes as the carrier seeks to continue improving its services. Old Dominion is investing in real estate, equipment, technology and competitive wages and benefits, VP of Pricing Services Greg Lawrence said in the rate increase announcement.
“To continue meeting our customers’ expectations and supporting the commitments we make to them, we must continue to invest in the strength, capacity, and efficiency of our service network and technology systems,” Lawrence said.
Earlier this summer, the company raised its expected 2026 capital expenditures by about $115 million, or 43%, to a total of approximately $380 million. Projected technology spending in that line item was flat from April to July.
The pricing change depends on each shipper’s lane, and it “also includes a nominal increase in minimum charges for intrastate, interstate and cross-border lanes,” the carrier said.
Old Dominion isn’t alone in its pricing changes this year. ArcBest implemented a 5.9% general rate increase on June 22. ArcBest executives said on a July 29 earnings call that the company was maintaining strong pricing discipline, and the higher rate sought to preserve revenue quality and was holding up well.
