ABF to Raise Rates 5.4%

ABF Freight System Inc. said it will increase its rates by an average of 5.4%.

The effect on specific lanes and shipments may vary from the 5.4% average, ABF said in a March 4 statement. The new rates become effective March 24.

ABF’s announcement came the day after FedEx Freight said it would raise its rates an average of 3.9% starting March 31.

ABF Freight System is the less-than-truckload unit of Arkansas Best Corp., which ranks No. 12 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.