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				LTL giant raises rates
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					Posted: 
					
						Aug 12, 2011 12:04 PM
					
					|
					Last Updated: May 31, 2012 02:51 PM
				
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				<p>MEMPHIS, Tenn. -- <a target="_blank" href="http://fedex.com/ca_english/fedexfreight/main/ "><span style="color: rgb(51, 51, 153); ">FedEx Freight</span></a> joined most of its closest LTL rivals by announcing a rate hike on its non-contract truck lanes in both Canada and the U.S.</p>
<p>Truck pricing will go up by 6.75 percent on Sept. 6, North America's second-largest transport company announced earlier this week.</p>
<p>This follows a 6.9 percent hike last fall.</p>
<p>UPS Freight set off a round of LTL increases in August. ABF Freight, Con-way Freight  and YRC Worldwide all followed suit with hikes of around 7 percent.</p>
<p>The companies say the hikes are necessary to offset soaring costs &ndash; namely fuel, tires and new EPA-compliant trucks.  &nbsp;</p>
			
				
				
			
				
				
			
			
			
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