Archive for January 7th, 2022

LTL: How do general rate increases work?

Less-than-truckload carriers use general rate increases (GRIs) to make adjustments to base rates. The increases are applied to general tariff codes and vary by lane and weight tier. Some LTL pricing agreements with shippers work off a base rate schedule and utilize account-specific negotiated discounts. The base rate will increase when a GRI is taken […]

Omicron adding to trucking capacity woes

The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.