FedEx Ground lowers fuel surcharge

Dec. 17, 2001
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
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.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...