FedEx Corp. plans to increase its rates and fees for shipments across its lineup air and ground transportation services.
For starters, net average shipping rates for its FedEx Express services will rise 3.5% overall. This due to a 5.5% percent average increase in its standard list rates offset by a 2.0% reduction in its fuel surcharge. FedEx Ground rate increases will be published later this year.
These new rates will be effective Jan. 1, 2007 and apply to U.S. domestic and U.S. export express package and freight shipments, said T. Michael Glenn, FedEx executive vp for market development and corporate communications.
He also said its fuel surcharge will now be added to several special levies, such as residential and delivery area fees, for all domestic shipments and for those U.S. export and U.S. import FedEx Express shipments paid by U.S. payers.
The company will also add a new dimensional weight system for oversized shipments going via FedEx Ground starting Feb. 5 next year. If the dimensional weight is greater than the actual weight, dimensional weight pricing will apply to FedEx Ground shipments that are three cubic feet (5,184 cubic inches) or greater. A dimensional weight customer aid will be available on fedex.com to assist customers, the company said.