FedEx Announces Pricing Changes
MEMPHIS, Tenn., May 2, 2014—FedEx today announced pricing changes for FedEx Freight and FedEx Ground. FedEx Freight will increase its published fuel surcharge indices by 3 percentage points, effective June 2, 2014. FedEx Ground will apply dimensional weight pricing to all shipments, effective January 1, 2015.
FedEx Freight updates its fuel surcharges for the U.S. and Canada every week based on published average diesel fuel prices. With the increase of 3 percentage points, FedEx Freight’s fuel surcharge remains one of the lowest among the major less-than-truckload (LTL) carriers in the U.S. These changes apply to all FedEx Freight shipments governed by the FXF 100 series rules tariff, including applicable FedEx Freight® shipments within the contiguous U.S.; between the contiguous U.S. and Alaska, Hawaii, Puerto Rico, the U.S. Virgin Islands and Canada; and within Canada.
Effective January 1, 2015, FedEx Ground will apply dimensional weight pricing to all shipments. Currently, FedEx Ground applies dimensional weight pricing only to packages measuring three cubic feet or greater. This change will align the FedEx Ground dimensional weight pricing with FedEx Express by applying it to all packages. Dimensional weight pricing is a common industry practice that sets the transportation price based on package volume—the amount of space a package occupies in relation to its actual weight.
About FedEx Freight
With corporate offices in Memphis, Tenn., the FedEx Freight Segment includes FedEx Freight, a leading U.S. provider of LTL freight services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, North America's largest time-specific, critical shipment carrier. FedEx Freight also serves Mexico, Puerto Rico and the U.S. Virgin Islands. For more information, visit fedex.com.
About FedEx Ground
FedEx Ground, a part of FedEx Corp. (NYSE: FDX), is a leader in cost-effective, small-package ground shipping, offering dependable service to businesses and residential customers throughout the U.S. and Canada. FedEx Ground is faster to more locations than its primary competitor and includes FedEx Home Delivery for residential customers and FedEx SmartPost specializing in the delivery of low-weight packages from businesses to residential customers through a partnership with the U.S. Postal Service®. FedEx Ground includes more than 61,000 employees and a network of more than 525 distribution hubs and local pickup-and-delivery stations. There are more than 35,000 motorized vehicles that transport approximately 5.6 million packages daily. The company reported annual revenue of $10.5 billion in fiscal year 2013.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.