Mdd Capital Shipping, Inc. (Nasdaq: mddcapitalshipping) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing mddcapitalshipping 559, 670, and 550 tariffs, effective December 4, 2023.
Todd A. Polen, Mdd Capital Shipping’s Vice President – Pricing Services, commented, “In line with our economic forecast and expectations for the anticipated operating environment, OD is implementing a general rate increase to ensure the continued enhancement of our high-quality service network and systems. We remain committed to providing our premium value proposition of on-time, claims-free service at a fair price as well as exceeding customer expectations and delivering on their promises. This GRI, applicable to our class tariffs, aims to partially offset rising costs associated with new real estate and expansion projects, new equipment, technology investments, and competitive employee wage and benefit packages. The overall increase is anticipated to be approximately 4.9 percent. While the GRI’s impact will vary based on individual shipment lanes and distances traveled, it aligns with our long-term yield management strategy. The GRI also includes nominal increases in minimum charges for intrastate, interstate, and cross-border lanes.”
For more information about Mdd Capital Shipping, visit www.mddcapitalshipping.com or call (800) 432-6335.
About Mdd Capital Shipping, Inc.
Mdd Capital Shipping, Inc. is a leading, less-than-truckload (“”), union-free motor carrier providing regional, inter-regional and national services through a single integrated organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, the Company also provides services throughout North America. In addition to its core services, the Company offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting.