Con-Way Freight Announces Fall Rate Increase

The increase aims to offset rising costs of business, which includes a nationwide shortage of qualified truck drivers, increased regulatory compliance, higher fleet operations, revenue equipment costs, and technology upgrades.

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Ann Arbor, MI-based nationwide less-than-truckload carrier Con-Way Freight announced Monday that it will implement a general rate increase averaging 4.9 percent, applicable to non-contractual business, effective Oct. 19.

The rate increase will apply to customers on the company's CNWY 599 tariff. It will affect general LTL rates, minimum charges, accessorial and other supplemental fees applicable to LTL shipments moving within the United States and Canada, cross-border shipments moving between the United States, Puerto Rico and Canada, and the domestic U.S. portion of shipments into Mexico.

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The rate increase is intended to help offset rising costs of doing business, which include contending with the nationwide shortage of qualified truck drivers, increased regulatory compliance, higher fleet operations and revenue equipment costs, and technology upgrades which enable the company's premium service product. Customers can view the new rates after October 5 through the My page on the Con-way website.

The announcement comes less than two weeks after news of FedEx Ground's reported fuel surcharge increase effective Nov. 2, and three weeks after FedEx Ground announced a shipping rate increase of 4.9 percent, effective Jan.4.

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Con-way Freight provides time-definite regional and national LTL service through a network of more than 425 service locations in the United States and Canada, and provides service to and from Mexico in partnership with sister company Con-way Truckload. With 21,000 employees, Con-way Freight operates a fleet of 8,900 tractors and 25,000 freight trailers.