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Old Dominion Freight Line Announces General Rate Increase Of 4.9%
(RTTNews) - Old Dominion Freight Line, Inc. (ODFL) announced Thursday a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective January 3, 2023.
The company said the GRI is based on the Company's economic forecast and expectations for the operating environment. This GRI will affect the Company's class tariffs and is intended to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages.
The GRI also provides for a nominal increase in minimum charges with respect to intrastate, interstate and cross border lanes.
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Japanese Market Modestly Lower
The Japanese stock market is modestly lower in choppy trading on Wednesday after opening in the green, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,600 level, with weakness in automaker stocks and a mixed performance in most other sectors.
RTTNews
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7 minutos atrás
Indonesia Shares May Open Under Pressure On Wednesday
The Indonesia stock market has moved higher in five straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,615-point plateau although investors are likely to cash in on Wednesday.
RTTNews
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23 minutos atrás
Australian Market Slightly Higher
Australian shares are trading slightly higher on Wednesday after opening in the red, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 8,700 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and technology stocks.
RTTNews
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34 minutos atrás
China Bourse May Be Stuck In Neutral On Wednesday
The China stock market has moved higher in back-to-back sessions, gathering more than 15 points or 0.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,610-point plateau although it may spin its wheels on Wednesday.
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53 minutos atrás
Taiwan Shares May Extend Tuesday's Losses
The Taiwan stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,200-point plateau and it's likely to open under water again on Wednesday.
RTTNews
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1h 23min atrás
Continued Consolidation Called For Hong Kong Shares
The Hong Kong stock market has moved lower in two of three trading days since the end of the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just above the 25,520-point plateau and it may tick lower again on Wednesday.
RTTNews
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1h 38min atrás
Singapore Bourse May Open Under Water On Wednesday
The Singapore stock market has tracked lower in three straight sessions, sliding more than 40 points or 1 percent along the way. The Straits Times Index now rests just beneath the 4,230-point plateau and it's expected to open under pressure again on Wednesday.
RTTNews
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1h 53min atrás
More Pain Predicted For Malaysia Stock Market
The Malaysia stock market has finished lower in three straight sessions, sinking more than 15 points or 1 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it may take further damage on Wednesday.
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2h 23min atrás
