FedEx Corporation : FedEx Freight to Increase Shipping Rates
06/08/2012| 08:35am US/Eastern
FedEx Freight, a subsidiary of FedEx Corp. (NYSE: FDX), will increase
shipping rates by 6.9% effective July 9, 2012. This rate change applies
to FedEx Freight shipments within the contiguous U.S., between the
contiguous U.S. and Canada, and within Canada. The rate for cross-border
FedEx Freight shipments between the U.S. and Mexico will also increase
6.9% for only the U.S. portion of the shipment, and will be effective
July 9, 2012.
This rate change for FedEx Freight applies to shipments covered by the
FXF 1000, FXF 501 and other related series base rates. Additional
changes will include absolute minimum charges and accessorial rates and
charges. The FedEx Freight fuel surcharge will remain unchanged and is
one of the lowest in the LTL industry. The published fuel surcharge
rates of the next six largest LTL carriers are at least 23 percent
higher than FedEx Freight fuel surcharge rates, based on the average
national price of diesel fuel as of June 4, 2012.
The new base rates, rules tariff and fuel surcharge information for
FedEx Freight will be available at fedex.com
on July 9, 2012.
FedEx previously announced increases to shipping rates for FedEx Express
and FedEx Ground, which were effective Jan. 2, 2012.
About FedEx Freight
With corporate offices in Memphis, Tenn., the FedEx Freight Segment
includes FedEx Freight, a leading U.S. provider of LTL freight services;
FedEx Freight Canada, an LTL operating company serving most points in
Canada; and FedEx Custom Critical, North America's largest
time-specific, critical shipment carrier. FedEx Freight also serves
Mexico and Puerto Rico. For more information, visit fedex.com.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with
a broad portfolio of transportation, e-commerce and business services.
With annual revenues of $42 billion, the company offers integrated
business applications through operating companies competing collectively
and managed collaboratively, under the respected FedEx brand.
Consistently ranked among the world's most admired and trusted
employers, FedEx inspires its more than 300,000 team members to remain
"absolutely, positively" focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
For more information, visit news.fedex.com.
Debra Phillips, 901-434-3122
© Business Wire 2012