General Rate Increase
Effective October 19th, our base rates will increase 4.9%. However, taking into consideration recent drops in fuel prices, the overall net effect of this change is a zero cost increase. TITAN's fuel surcharge high point this past year was 20%. Currently it stands at 13%, 6% below its yearly high. Additionally, we continue to make the necessary investments in our network to better serve you. Important items to note are skyrocketing equipment and maintenance costs due to new EPA engine mandates, continuing company focus on team member retention, development and training and additions in linehaul network to improve earlier AM delivery times. Regarding this last point, we have recently added two new linehaul segments to our network, which in some cases have improved AM delivery times up to 120 minutes - Incredibly exciting from a service standpoint..
Effective October 19th, our minimums will increase 4.9%. Our hundredweight minimums remain 30% to 50% lower when compared to all major competitors in the Northwest.
Quality, Service, Safety
Complimenting this GRI is our commitment to be the fastest and most dependable overnight carrier in the Northwest. We have some exciting new changes planned in the New Year. We are restructuring our rates to better match price and distance and many of your shipments will receive reduced pricing. Our programmers are nearing completion on our paperless delivery receipt initiative and this will improve information flow to you yet again. Our firm belief is that the information is as important as the freight itself.
Have a wonderful 2015 Holiday Season
Thank you for your continued support