FedEx Units to Increase Rates

FedEx Freight and FedEx National LTL, the less-than-truckload (LTL) subsidiaries of FedEx Corporation, are to carry out a general rate increase of 5.59% on April 2, 2007.

The increase will apply to interstate and intrastate traffic, and selected shipments between the US and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as additional adjustments in select lanes and service areas.

Rates for other operating companies within FedEx Corporation, specifically FedEx Express and FedEx Ground, are not affected.

“Whether operating fast cycle logistics or planned distribution, shippers have told us they require a high degree of certainty, shipment integrity and actionable information. In order to meet these customer needs, FedEx Freight and FedEx National LTL are continuing to invest in our people, equipment, facilities and technology,” said Dennie Carey, senior vice president, marketing, FedEx Freight.