Release Date: 04 December 2006
Release ID: 371
FedEx Corp. (NYSE: FDX) today announced that it will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent. The new rates and surcharge changes will be effective Jan. 1, 2007.
The announced increase is in addition to other changes to FedEx Express, FedEx Ground and FedEx Home Delivery surcharges. These changes include an adjustment to the fuel surcharge for FedEx Ground shipments which will be assessed on additional applicable transportation-related surcharges.
FedEx Corp. previously announced an increase to the net average shipping costs for FedEx Express by 3.5 percent, which is composed of a 5.5 percent average increase in standard list rates, offset by a 2.0 percent point reduction in its fuel surcharge. These rates are also effective Jan. 1, 2007 and apply to U.S. domestic and U.S. export packages and freight.
FedEx also previously announced a new dimensional weight system for oversized, large FedEx Ground shipments. If the dimensional weight is greater than the actual weight, dimensional weight will apply to FedEx Ground shipments that are three cubic feet (5,184 cubic inches) or greater. A FedEx Ground dimensional weight customer aid is available on fedex.com to assist customers. This will be effective Feb. 5, 2007. Complete details on the FedEx Ground and FedEx Home Delivery surcharge changes will be available at www.fedex.com on Dec. 8, 2006.
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