Pittsburgh-based FedEx Ground, a division of Memphis-based package delivery conglomerate FedEx Corp., said it will lower its current 1.25% fuel surcharge to 0.75% effective Jan. 7, 2002. The company also will begin using an indexed method to calculate the fuel surcharge beginning February 4.
FedEx’s new fuel surcharge calculation method will be subject to adjustment monthly based on a rounded average of the national U.S. on-highway average price for a gallon of diesel fuel as published monthly by the U.S. Department of Energy. Changes to the FedEx Ground fuel surcharge, calculated according to the rounded index average and FedEx Ground trigger points, will be applied the first Monday of every month based on the average price of diesel fuel from two months prior.
FedEx Ground added that trigger points may change from time to time, but information on the fuel surcharge for each month will be available to customers at least two weeks prior to taking effect. The surcharge applies to all FedEx Ground U.S. domestic and U.S. outbound net package charges, including residential and other delivery charges.