Release Date: 16 March 2007
Release ID: 380
FedEx Freight and FedEx National LTL, the less-than- truckload (LTL) subsidiaries of FedEx Corp. (NYSE: FDX) will implement a 5.59 percent general rate increase (GRI) effective April 2, 2007. Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected. FedEx Freight is a leading U.S. provider of regional and inter-regional LTL freight services. FedEx National LTL is a leading provider of long-haul LTL freight services.
“Whether operating fast cycle logistics or planned distribution, shippers have told us they require a high degree of certainty, shipment integrity and actionable information. In order to meet these customer needs, FedEx Freight and FedEx National LTL are continuing to invest in our people, equipment, facilities and technology,” said Dennie Carey, senior vice president, marketing, FedEx Freight.
In the past year, FedEx Freight has improved service in almost 3,000 lanes, added safety features to new, environmentally compliant tractors and made it easier to access both its regional and long-haul service via the internet. Since acquiring the business assets of Watkins Motor Lines in September, FedEx National LTL has re-engineered its operations to focus on the long-haul market with a highly engineered network, similar to FedEx Freight’s operations in the regional market.
The increase will apply to interstate and intrastate traffic, and selected shipments between the United States and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as additional adjustments in select lanes and service areas. After April 2, the new base rate and rules tariffs for FedEx Freight will be available on the company’s Web site, www.fedex.com/us/freight/main/ and new base rates and rules tariffs for FedEx National LTL will be available at http://fedex.com/us/national/main/. Customers may access rate quotes via these sites.
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