FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp. (NYSE: FDX), will increase shipping rates effective January 1, 2018, the company said.
FedEx Express will increase shipping rates by an average of 4.9% for US domestic, US export and US import services. FedEx One Rate pricing will increase by an average of 3.5%.
FedEx Ground and FedEx Home Delivery shipping rates will increase by an average of 4.9%. FedEx SmartPost rates will also change.
FedEx Freight shipping rates will increase by an average of 4.9%. This rate change applies to eligible FedEx Freight shipments within the US (including Alaska, Hawaii, Puerto Rico and the US Virgin Islands), between the contiguous US and Canada, within Canada and between the contiguous US and Mexico. FedEx Freight rates within Mexico will also change.
Effective January 22, 2018, a Third Party Billing Surcharge will apply to FedEx Express and FedEx Ground shipments that are billed to a third party.
Effective January 22, 2018, applicable criteria and pricing for packages that require additional handling, are oversized, or are unauthorized, will change.
Effective January 22, 2018, FedEx SmartPost will apply dimensional weight pricing, and the Non-Machinable Surcharge will change.
Effective January 22, 2018, FedEx Freight will implement an Over Length Surcharge of USD 85 per shipment and will be applied to shipments with dimensions of 8 feet or greater and less than 12 feet.
Details of all changes to rates and surcharges are available at: http://fedex.com/rates2018.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 60 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 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, visit about.fedex.com.