FedEx to Increase Shipping Rates
September 15 2015 - 9:02PM
Dow Jones News
By Josh Beckerman
FedEx Corp., which is slated to report first-quarter earnings
Wednesday morning, announced shipping rate increases that will be
effective Jan. 4.
The company said Tuesday that FedEx Express will raise rates by
an average of 4.9% for U.S. domestic, U.S. export and U.S. import
services. Rates are also rising at FedEx Ground and FedEx
Freight.
Effective Nov. 2, FedEx will increase the surcharges for
shipments that exceed the published maximum dimensions in the FedEx
Ground network.
A year ago, FedEx said it would implement rate increases at the
beginning of 2015.
Earlier in 2014, both FedEx and United Parcel Service Inc. made
changes that effectively increased prices on some ground shipments
by factoring box size as well as weight.
FedEx is in the process of buying TNT Express NV for $4.8
billion. European regulators on July 31 opened an in-depth
investigation into the deal, citing concern about the merged
company's dominance in the international delivery of small packages
in some markets.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 15, 2015 20:47 ET (00:47 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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