Freight firms in price hike

Two US freight firms have said they will increase prices over the next month and analysts expect others to follow. In two very similarly worded announcements, UPS Freight, the fourth largest less-than-truckload (LTL) carrier in the US, and ABF Freight announced they planned to hike rates by 6.9%. UPS said its rate adjustment for non-contractual shipments would take place on 1 August and would