Shipping Rates to Increase for FedEx Express, FedEx Ground, and FedEx Freight Services
September 20 2021 - 4:14PM
Business Wire
FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of
FedEx Corp. (NYSE: FDX), will increase shipping rates on January 3,
2022.
FedEx Express shipping rates will increase by an average of 5.9%
for U.S. domestic, U.S. export, and U.S. import services.
FedEx Ground and FedEx Home Delivery shipping rates will
increase by an average of 5.9%. FedEx Ground Economy shipping rates
will also increase.
FedEx Freight shipping rates will increase by an average of 5.9%
for customers who use FXF PZONE and FXF EZONE, and by 7.9% for
customers who use FXF 1000 and 501. This change applies to
shipments within the U.S. (including Alaska, Hawaii, Puerto Rico,
and the U.S. Virgin Islands) and between the contiguous U.S. and
Canada. FedEx Freight shipping rates will also increase for
shipments within Canada, within Mexico, and between the contiguous
U.S. and Mexico.
The following FedEx Express, FedEx Ground, FedEx Ground Economy,
and FedEx Freight surcharge changes will also take effect in the
coming months:
- Effective November 1, 2021, a fuel surcharge increase will be
applied to FedEx Express (U.S. domestic package and freight
services), FedEx Ground, and FedEx Freight shipments.
- Effective January 17, 2022, FedEx Freight will introduce a No
Shipment Tendered surcharge that applies when a pickup is performed
and no shipment is tendered to the carrier.
- Effective January 17, 2022, the International
Out-of-Delivery-Area Surcharge and International Out-of-Pickup-Area
Surcharge rates will be determined based on the corresponding tier
of the ZIP code, postal code, or city of the shipment’s origin
and/or destination location for International Express Freight and
Parcel services.
- Effective January 17, 2022, a Delivery and Returns Surcharge
will be assessed on packages that are delivered or returned using
FedEx Ground Economy services.
- Effective January 24, 2022, Additional Handling Surcharge and
Oversize Surcharge rates for U.S. Express Package Services and U.S.
Ground Services will be determined based on the shipment’s
zone.
These changes reflect incremental costs associated with the
challenging operating environment, while enabling FedEx to continue
investing in service enhancement, fleet maintenance, technology
innovations, and other areas to serve customers more effectively
and efficiently.
Beginning January 3, 2022, FedEx will offer customers who ship
internationally an additional option for time-definite deliveries
in one to three business days. With the new FedEx International
Priority® Express service, customers will be able to schedule
delivery by noon to select destinations. Early morning delivery
will continue to be available through the FedEx International
First® service and end of day delivery to more than 220 countries
will continue to be offered through the FedEx International
Priority® service.
Details of all changes to rates, surcharges, and fees are
available on the FedEx website at:
fedex.com/en-us/shipping/current-rates.html.
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 revenue of $84 billion, the company
offers integrated business solutions through operating companies
competing collectively, operating collaboratively and innovating
digitally under the respected FedEx brand. Consistently ranked
among the world's most admired and trusted employers, FedEx
inspires its 570,000 team members to remain focused on safety, the
highest ethical and professional standards and the needs of their
customers and communities. FedEx is committed to connecting people
and possibilities around the world responsibly and resourcefully,
with a goal to achieve carbon-neutral operations by 2040. To learn
more, please visit about.fedex.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210920005905/en/
Chris Allen FedEx Media Relations 901-530-4162
chrisallen@fedex.com
FedEx (NYSE:FDX)
Historical Stock Chart
From Mar 2024 to Apr 2024
FedEx (NYSE:FDX)
Historical Stock Chart
From Apr 2023 to Apr 2024