New Price Increases

March 01, 2021 - Several market factors, including transportation rates and the strengthening American paperboard market, have increased our costs significantly.  This has affected our entire industry very quickly. Many of our industries and product categories are seeing rising material costs. We continually work to mitigate cost increases through greater efficiency and have maintained our current pricing on average for 2 years or more, unfortunately the current conditions are extreme and require us to act..
 
The exact increase varies between grades, but on average will be around 7-8% on current business and all product orders should request the current price. In addition based upon dialog with a variety of suppliers and market information we would also feel it necessary that you be aware that this adjustment might not be the only one this year. We will continue to keep you informed of potential changes in the industry and help reduce any impact this may cause. We have tried to minimize the increase as much as possible and if you have any questions, please contact your Lamitech representative.
 
We appreciate your ongoing support during the unprecedented times has presented to all of us. Lamitech is committed to servicing your account in this difficult and challenging environment. 
 
Thank you again for your business!

Price Increase for Corrugated Products in North America

February 23, 2021 - Several major North American producers of containerboard have recently increased linerboard prices by $50-$70/ton. Though these price increases are not yet reflected in Pulp & Paper (Fastmarkets RISI) — the industry publication that drives many packaging paper supply contracts — this recent round of increases is already being adopted by several integrated and independent corrugated manufacturers.

While corrugated increases are expected a couple times a year, this situation is slightly abnormal because the increase is being driven by tight supply and sustained increase in demand, which has not let up despite the holiday season coming to an end. These issues are compounded by the rise in input costs and unpredictable shortages in labor due to COVID-19.

Old Dominion Freight Line, Inc. Announces General Rate Increase

February 15, 2021 08:00 AM Eastern Standard Time

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs effective March 1, 2021.

Todd A. Polen, Old Dominion’s Vice President – Pricing Services, commented, "At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair price. To satisfy our customers’ expectations and deliver on the promises we have made, we must continue to enhance our high-quality service network and systems. This GRI will affect our 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. Although the GRI will impact each customer differently based on specific shipment lanes and distance traveled, it is consistent with our long-term yield management philosophy and the overall impact of the increase is anticipated to be approximately 4.9 percent. The GRI also provides for a nominal increase in minimum charges with respect to intrastate, interstate and cross border lanes.”

Where Start My Paperboard Selection

Stepping into the packaging arena can be intimidating. It is tough to know where—or even how—to start. Often the package is the first item that needs to be designed.  There are many different grades of paperboard, so you will want to select one that is sturdy enough for your packaging needs and balances your budget and your brand. In the paperboard world, there are plenty of types available and in several different grades, each with unique features suitable for different reasons. The most popular grades of paperboard are: