Central Transport Announces General Rate Increase.Business Editors WARREN, Mich.--(BUSINESS WIRE)--July 22, 2002 Central Transport(R) International, Inc. (CTII CTII Comprehensive Technologies International, Inc. ) today announced it would implement a general rate increase effective July 27, 2002. The increase, which will average 5.48%, will apply to all of the company's geographic service areas and lanes. Absolute Minimum Charges will increase by $2.00 each. The adjustments will apply to all of the company's non-contractual interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. and intrastate in·tra·state adj. Relating to or existing within the boundaries of a state. Adj. 1. intrastate - relating to or existing within the boundaries of a state; "intrastate as well as interstate commerce" U.S. Domestic, U.S.-Canadian International and Canadian Domestic rates published in its 500, 555, 585 and 595 series tariffs. In connection with the general increase, some accessorial charges in CTII's 100 series Rules Tariff will also be revised for greater clarity and to reflect the most current market conditions. The impact of the changes will vary depending on which value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. customers request. The general rate increase and the adjustment in charges for value-added services are designed so that Central Transport(R) will remain very competitive in the markets it serves. The company said its increase is approximately 1/2 to 1 percentage point less than increases announced by other carriers and rate bureaus. The company noted that shippers and carriers alike have suffered the effects of the challenging economy and it is aggressively managing controllable costs to minimize increases it must pass on to customers. Increases are necessary because of the rapidly rising costs of insurance, security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security and other expenses resulting from the tumultuous and challenging economy. In addition, Central Transport(R) is committed to investing in people, equipment, technology and training to provide customers the best possible service. The Central Transport(R) brand, marketed by Central Transport International, Inc., is a major less-than-truckload (LTL LTL - Linear Temporal Logic ) service reaching 98% of major manufacturing markets across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company, based in suburban Detroit, is part of a group of transportation-related companies owned by privately held CenTra, Inc. For further information, contact Nikki Aquino: Central Transport(R) A Central Transport International, Inc., Service 12225 Stephens Road Warren, MI 48089 Phone: (586) 939-7000 ext. 2711 Fax: (586) 755-1594 Email: naquino@centraltransportint.com Web site: www.centraltransportint.com |
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