FedEx to Place Coronavirus-Induced Surcharge on Global Shipments

Discussion in 'The Latest FedEx Headlines' started by cheryl, Apr 1, 2020.

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  1. cheryl

    cheryl I started this. Staff Member

    FedEx to Place Coronavirus-Induced Surcharge on Global Shipments - NASDAQ

    In a bid to tackle the limited air cargo capacity due to the coronavirus pandemic, FedEx Corporation has decided to temporarily impose surcharges on international shipments (parcel as well as freight) beginning Apr 6, 2020. Notably, the surcharges are levied by FedEx’s main revenue generating unit, FedEx Express, which includes the TNT Express operations.

    Management at FedEx stated that with global supply-chain disruption in the wake of the coronavirus spread, it decided to enforce surcharges of 45 cents per pound on international shipments to/from China and also between countries in the Asia Pacific region.

    International shipments elsewhere will attract surcharge in the 5-10 cents a pound range. Surcharges apart, the minimum charge per shipment is applicable as well.