Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Jason Fedo.
Robert Davidson
Good morning, Jason.
Jason Fedo
Good morning. Good morning, everyone. Sorry about that, I had to switch on over to pickup the headset there. Let me go to one of your comments on the acquisitions. You guys talk about it for a little bit, but this is first time I think you have announced that you engaged somebody. Are you strictly looking at LTL assets or might you go beyond the LTL universal look at brokerage operations and what not?
Robert Davidson
We are looking at the broad field of transportation distribution and logistics. We are going try to stay in industries with some adjacencies something that where we can add value. But we have widened at this point.
Jason Fedo
Okay. That’s fair enough. And I apologize because I missed been in your call because another one ran overlapping. Can you give us an update on the tonnage trends to the quarter? And also what you are seeing in January?
Judy McReynolds
Jason, our comments indicated that in October when we first saw the drop it was about a 7% drop. And then November there was an additional drop and December was weaker than November. What we are seeing so far in January, I think we would characterize the slightly weaker than what we saw in December.
Jason Fedo
Slightly weaker than December, okay. But the offset between weather impacts and also proper use your comps in January does that make it about to equal December then?
Robert Davidson
Certainly there have been some weather impacts in January but it's really too soon to see how much. I don’t expect them to be actually material difference in what we were in January of last year. In the fourth quarter weather really didn’t effect this much about the same as towards previous year.
Jason Fedo
So, you are saying net January is underlying just a little bit worse in December?
Robert Davidson
Certainly the tonnage levels are little worse. It might be affected by weather but it's really [efficiently low].
Jason Fedo
Okay, that’s fair enough. Also on the pricing side, have you got any plus in the market type pricing is deteriorated as we move throughout the quarter especially given the tonnage declines that you are seeing?
Robert Davidson
I think it's fair to say that it did deteriorate some during the quarter. There were some positive signs. We were able to get 2.5% in the full quarter on a substantial number of expiring contracts before crossing agreements. As I indicated earlier, the general rate increase affect is about 45% of our business. Went into effect on January 5 and the initial results were good, but outside of those it's competitive class in environment.
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