2008 NEWS & PRESS RELEASES
Old Dominion Announces General Rate Increase Effective February 11, 2008CONTACTS: Jerry Neal THOMASVILLE, NC (Jan. 21, 2008) – Rick Keeler, Senior Vice President of Pricing and Strategic Development and Jerry Neal, Director of National Account Pricing for Old Dominion Freight Line, Inc., announced from the less-than-truckload carrier’s Thomasville, N.C. headquarters that the organization would be increasing its base rates effective February 11, 2008. The general increase involves a 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 impact of the rate increase. 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 5.4 percent. The tariffs affected by the February 11, 2008 increase are the ODFL 559/555 and the 505 Canadian tariff. Keeler stated, "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 multi-regional and inter-regional carrier with a growing national and global footprint. Domestically, OD provides inter-regional and regional less-than-truckload shipping of general commodities, consumer goods and capital goods to a diversified customer base. The company provides direct service to 47 states and the District of Columbia in the Southeast, Central States, Gulf States, Northeast, Midwest and Western regions of the country. Through its OD-Global division, OD offers LCL, FCL and Assembly and Distributions services to and from all of North America, Central America, South America and the Far East. Old Dominion also offers a complete range of expedited products and services through its OD-Expedited service product group.
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