Consolidated Freightways Announces General Rate Increase.Business Editors VANCOUVER, Wash.--(BUSINESS WIRE)--May 28, 2002 Consolidated Freightways Consolidated Freight was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of DaimlerChrysler. (Nasdaq:CFWY CFWY Consolidated Freightways ) announced today that, effective June 3, 2002, it will implement a general freight rate Noun 1. freight rate - the charge for transporting something by common carrier; "we pay the freight"; "the freight rate is usually cheaper" freightage, freight increase of 5.95 percent. The company will also increase its absolute minimum shipment charge by $5.50. The increase is designed to offset the rising costs of insurance, wages and fuel, among other freight transportation costs. Consolidated Freightways is a transportation company primarily providing less-than-truckload freight transportation throughout 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. using its system of 300 terminals and over 18,000 employees. |
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