Release Date: 01 November 2007
Release ID: 391
FedEx Corp. (NYSE: FDX) will increase the net average shipping rate for FedEx Express by 4.9 percent, which is composed of a 6.9 percent increase in standard list rates, offset by a 2.0 percent reduction in the fuel surcharge. The new rates will be effective Jan. 7, 2008 and apply to U.S. and U.S. export express package and freight shipments.
Rates and surcharges for FedEx Ground also will increase for 2008. These changes will be announced later this year.
New in 2008, FedEx Express customers importing goods to the U.S. will pay U.S. dollar rates. This provides a consolidated set of U.S. import rates to U.S. customers allowing them to avoid uncertainties caused by currency fluctuations. Increases in rates for shipments inbound to the U.S. from certain international locations will also be effective Jan. 7, 2008.
“FedEx continues to provide market leading express services,” said T. Michael Glenn, FedEx executive vice president, Market Development and Corporate Communications. “These rate adjustments will allow FedEx to continue making the necessary investments in our business so we can continue to give our customers a superior shipping experience.”
Additional changes will be made to other FedEx Express surcharges effective Jan. 7, 2008. The details of these surcharges and the new rates are available at http://www.fedex.com/us/rates2008.
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