Yellow Plans to Raise Trucking Rates 4.9%
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Yellow Corp., operator of the nation’s largest trucking company, plans to raise rates 4.9% on Aug. 1 to increase revenue during its peak shipping season.
The increase applies to the Yellow Freight System trucking unit and affects customers whose shipping charges aren’t set by contract, spokesman Roger Dick said.
Roadway Corp. declined to comment on Yellow’s increase. The Akron, Ohio, trucking company has announced its annual rate increase in late summer or early fall in past years, a spokesman said.
Shares of Yellow, based in Overland Park, Kan., fell 24 cents to close at $19.30 on Nasdaq.
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