If your contract doesn’t include rate caps, it’s not a matter of when and if you will receive price increases, it’s a matter of when, how much and how egregious the price increase will be.
You can expect your hauler to increase prices up to two times each year, by as much as 15% each time. In the worst cases, we’ve seen up to four prices hikes in one year. Most haulers will only increase your rates once a year, but if there’s nothing stopping them from increasing more frequently, chances are they will.
Take the screenshot below, for example. This Republic customer’s rates increased by 200% over the past two years.
They were paying $275.42 for service. Now they’re paying almost $300 more - $573.15. That’s a 200% increase at a single location! If this increase occurred in a portfolio of many locations, this client would in effect be overpaying by thousands - something they could have prevented by just a few additional lines on their contract.
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