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FedEx Corporation : FedEx Freight to Increase Shipping Rates

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06/08/2012 | 02:35pm CET

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.

FedEx Freight
Debra Phillips, 901-434-3122
debra.phillips@fedex.com


© Business Wire 2012
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Financials ($)
Sales 2017 59 877 M
EBIT 2017 5 495 M
Net income 2017 3 071 M
Debt 2017 11 101 M
Yield 2017 0,83%
P/E ratio 2017 16,94
P/E ratio 2018 14,65
EV / Sales 2017 1,04x
EV / Sales 2018 1,00x
Capitalization 51 379 M
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Number of Analysts 25
Average target price 191 $
Spread / Average Target -1,4%
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NameTitle
Frederick Wallace Smith Chairman, President & Chief Executive Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Rob B. Carter Chief Information Officer
James L. Barksdale Independent Director
John A. Edwardson Independent Director
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