logo
Plus   Neg
Share
Email

FedEx Freight To Hike Shipping Rates By 6.9% - Quick Facts

FedEx Freight, a subsidiary of FedEx Corp. (FDX), said it would increase shipping rates by 6.9 percent effective July 9. 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 percent for only the U.S. portion of the shipment. It will be effective July 9.

According to the company, the 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. Noting that it is one of the lowest in the LTL industry, the firm said 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.

FedEx previously announced increases to shipping rates for FedEx Express and FedEx Ground, which were effective January 2.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Philip Morris International Inc. has launched a new advertising campaign in the UK that encourages people to stop smoking. However, the tobacco giant has been accused by anti-smoking campaigners of hypocrisy and cynicism for the move. The maker of Marlboro cigarettes announced earlier in 2018 that it intends to eventually stop selling cigarettes in the UK. Kimberly-Clark Corp. (KMB) reported third-quarter adjusted earnings per share of $1.71, an increase of 7 percent compared to net income per share of $1.60, prior year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.64 for the quarter. Analysts'... South Korean IT services company Samsung SDS has joined with Dutch bank ABN AMRO and Port of Rotterdam Authority for a trial project that applies blockchain to shipping and logistics business. Samsung SDS, the IT arm of South Korean Conglomerate Samsung, and ABN AMRO will connect their blockchain platforms Nexledger and Corda, respectively, with the pilot.
Follow RTT