ABF | ArcBest and ABF Freight Will Revise LTL Rates

Docker

"Just the facts, ma'am"
Credits
115
General rates and charges for less-than-truckload services through ArcBest and ABF Freight will increase, effective April 16, 2018.

Rates will increase by about 5.9 percent, although the effect on specific lanes and shipments may vary.

New rates will be available to customers through arcb. com on or before April 16.

https://arcb.com/about/news-events/n...vise-ltl-rates
 
General rates and charges for less-than-truckload services through ArcBest and ABF Freight will increase, effective April 16, 2018.

Rates will increase by about 5.9 percent, although the effect on specific lanes and shipments may vary.

New rates will be available to customers through arcb. com on or before April 16.

https://arcb.com/about/news-events/n...vise-ltl-rates
must be in anticipation of having to pay the employees more? BTW, I am taking another sick day tomorrow..
 
'It’s more so in the truckload space, but it’s becoming a problem in LTL as well,” says Chuck Hammel, president of Pitt Ohio. 'As an industry, we need to start recruiting younger employees and train them as drivers. Each year we lose more and more drivers to retirement, and it’s difficult to replace those drivers, let alone grow our driver workforce. Today it seems that most companies replace those drivers by poaching them from other companies, and that’s not sustainable.”

In the TL sector, sign-on bonuses as high as $10,000 are being offered for drivers who last one year with a company. Even so, driver turnover in the TL sector rose 5 percentage points to 95% turnover in last year’s third quarter, according to Bob Costello, chief economist for the ATA.

Hawkins adds that YRC and other unionized LTL operators (UPS Freight and ABF Freight System) should theoretically be in the best positions to attract drivers. But a shortage of workers appears even despite a more favorable work-life balance, more predictable schedules and union protection.

Several other carriers have reported that they’ll offer pay increases or bonuses this year. Old Dominion recently allocated $500 to all 22,000 employees to be distributed this year, while many carriers are increasing driver and dock pay in an effort to retain employees in a tight labor market.

We’re still capable of attracting drivers from other modes as well due to the quality of life around LTL,” adds Hawkins. 'And our turnover is not near what you see in other segments.”

https://www.logisticsmgmt.com/artic...and_less_than_truckload_ltl_companies_in_2017

A very good article... it's worth the read.
 
Now that is how the process works, We get a raise and abf raises the rates, I hope all drivers see this because the companies they work for raise rates just like abf but fail to pass the windfall down to them.

That's one thing you can always count on when it comes to DC Velocity... making the reason known when the ABF Teamsters are involved...

ArcBest hikes tariff rates for second time in less than year

ArcBest Corp., the parent of less-than-truckload (LTL) carrier ABF freight System Inc., said today that it will raise its tariff rates by 5.9 percent on or before April 16, the companyâ??s second general rate increase in less than a year.

Fort Smith, Ark.-based ArcBest gave no explanation in its statement for the move. Its last general rate increase, 4.9 percent, came last May.

The announcement comes as the ABF unit is negotiating a new collective bargaining agreement with the 8,600 workers who are members of the Teamsters union. Last week, leaders of both sides said they had tentatively reached an accord, details of which are unavailable. Union leaders will present the proposal to the rank-and-file next week.

http://www.dcvelocity.com/articles/...riff-rates-for-second-time-in-less-than-year/

"In less than a year as the ABF unit is negotiating a new collective bargaining agreement"

I wonder what message they're trying to get across... lol

He's right though... 11 months is less than a year.
 
"........Rates will increase by about 5.9 percent....."

Does that mean we will get a 5.9% increase........??????
Okay, how about 2.9%?????
 
Top
AdBlock Detected