FedEx Express to Increase Shipping Rates in 2010
MEMPHIS, TENN., Sept. 17, 2009 – FedEx Corp. (NYSE: FDX) will increase shipping rates for FedEx Express by an average of 5.9 percent for U.S. domestic and U.S. export services, effective January 4, 2010. The rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points.
Rates and surcharges for FedEx Ground and FedEx SmartPost also will increase for 2010. These changes will be announced later this year.
“FedEx puts the needs of its customers as top priority as a provider of market-leading express shipping services,” said T. Michael Glenn, FedEx executive vice president, Market Development and Corporate Communications. “This pricing adjustment will enable FedEx to make key investments so we can continue to provide excellent customer service.”
Additional changes will be made to other FedEx Express surcharges effective Jan. 4, 2010. The details of these surcharges and the new rates are available at http://www.fedex.com/us/2010rates.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 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 275,000 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.