2007 NEWS & PRESS RELEASES
Old Dominion Freight Line, Inc. Announces Rate IncreaseContact: Chip Overbey Jerry Neal Thomasville, North Carolina (March 16, 2007) - Chip Overbey, Vice President of National Accounts & Marketing and Jerry Neal, Director of National Account Pricing for Old Dominion Freight Line, Inc., announced from the LTL Carrier’s Thomasville, North Carolina Headquarters, the organization would be increasing its base rates effective March 26, 2007. The general increase involves some restructure that provides for increases in its rates and minimum charges based on length of haul rather than the traditional across the board increases. Generally, the shorter the haul, the lower the increase impact. Although each customer will have a different financial impact based on the lanes and distance their shipments move, the overall impact of the increase is approximately 5.1%. The tariffs affected by the March 26, 2007 increase are the ODFL 559/555, 505 and 560. Overbey stated that, "The increase is necessary to offset higher costs as a result of new equipment, new service centers, state-of-the- art technology, insurance costs as well as wages and benefits. We believe the increase is essential to continue to provide our customers with the value in technology and quality performance they have come to depend on." Old Dominion Freight Line, Inc. is a leading less-than-truckload (LTL) super regional carrier. Through its nonunion work force and four product groups, OD•Domestic, OD•Expedited, OD•Global and OD•Technology, Old Dominion offers an array of innovative products and services and provides complete nationwide coverage within the Southeast, South Central, Northeast, Midwest and West regions of the country, including 37 states with 100% full-state coverage and international services around the globe. Visit Old Dominion on-line at www.odfl.com.
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