FedEx To Increase Shipping Rates On Domestic, Export Services

Discussion in 'The Latest FedEx Headlines' started by cheryl, Sep 30, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx To Increase Shipping Rates On Domestic, Export Services - Wall Street Journal

    FedEx Corp. (FDX) announced a number of pricing changes that it plans to implement in coming months, including an increase in shipping rates for U.S. domestic and export services, saying the adjustments are needed to "provide industry leading service and shipping solutions."

    The package-shipping giant said the full average rate will increase 5.9% for U.S. and export services early next year, which will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing that charge by two percentage points.

    In addition, FedEx Express and FedEx Ground will implement a change to the dimensional weight volumetric divisor from 194 to 166 for domestic services.