Friday, June 8, 2012
FedEx raises rates
FedEx Freight announced it is increasing its shipping rates on July 9, 2012. The 6.9 percent rate increase will apply to FedEx Freight shipments "within the contiguous U.S., between the contiguous U.S. and Canada, and within Canada," according to a statement.
The rate for FedEx Freight shipments between the U.S. and Mexico will increase 6.9 percent for the U.S. part of the shipment only, and will also take effect July 9.
The rate hike will apply to shipments covered by the FXF 1000, FXF 501 and other related series base rates, the company said. The FedEx Freight fuel surcharge will remain the same.
For more of the FedEx press release on Market Watch: www.marketwatch.com
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