FedEx Freight, the LTL (Iess-than-truckload) subsidiary of FedEx Corp., will increase shipping rates by 6.9% effective July 9, 2012. This rate change applies to FedEx Freight shipments within the contiguous U.S., between the contiguous U.S. and Canada, and within Canada. The rate for cross-border FedEx Freight shipments between the U.S. and Mexico will also increase 6.9% for only the U.S. portion of the shipment, and will also go into effect July 9, 2012.
If the industry reacts as it typically does, look for the other national LTL carriers to announce similar rate hikes over the next several weeks.
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 and is one of the lowest in the LTL industry. The published fuel surcharge rates of the next six largest LTL carriers are at least 23% higher than FedEx Freight fuel surcharge rates, based on the average national price of diesel fuel as of June 4, 2012.
FedEx previously announced increases to shipping rates for FedEx Express and FedEx Ground, which were effective Jan. 2, 2012.