National less-than-truckload (LTL) carrier FedEx Freight, a subsidiary of FedEx Corp., plans to increase shipping rates by an average of 3.9%. The rate hike goes into effect on March 31, 2014.
The rate change applies to shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands), between the contiguous U.S. and Canada, within Canada, between the contiguous U.S. and Mexico, and within Mexico.
This rate change for FedEx Freight applies to shipments covered by the FXF 1000, FXF 501 and other related series base rates. Additional changes will include absolute minimum charges and accessorial rates and charges. The FedEx Freight fuel surcharge will remain unchanged.
If the past is any predictor of the future, many if not all of the other national LTL carriers will follow suit and announce similar rate increases. Stay tuned.