FedEx To Raise Its Shipping Rates From Next Year

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  • FedEx increasing shipping rates next year

  • the company also said surcharge changes will also take effect in the coming months

  • the package delivery company said FedEx Express shipping rates will increase by an average of 5.9% for U.S. domestic, U.S. export, and U.S. import services

  • a fuel surcharge increase will be applied to shipments, including FedEx Express U.S. domestic package and freight services

FedEx Express package and freight standard list rates will increase an average of 5.9% for the U.S., U.S. export, and U.S. import services says an article published on Market Watch.

Shipping rates to increase

FedEx Corp. said shipping rates will increase for its FedEx Express, FedEx Ground, and FedEx Freight Services subsidiaries, effective Jan. 3, 2022. The company also said surcharge changes will also take effect in the coming months.

Increase by an average of 5.9%

The package delivery company said FedEx Express shipping rates will increase by an average of 5.9% for U.S. domestic, U.S. export, and U.S. import services. The company also said shipping rates for FedEx Ground and FedEx Home Delivery will increase an average of 5.9%, adding that shipping rates for FedEx Ground Economy will also increase.

Fuel surcharge increase

Effective Nov. 1, a fuel surcharge increase will be applied to shipments, including FedEx Express U.S. domestic package and freight services, FedEx Ground and FedEx Freight, the company said. FedEx also said it will introduce a No Shipment Tendered surcharge and assess a Delivery and Returns Surcharge on packages delivered or returned using FedEx Ground Economy services, among others.

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Source: MarketWatch