As anticipated, FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx Corp., has announced it plans to increase shipping rates by an average of 4.5%, effective July 1, 2013. This rate change applies to eligible FedEx Freight 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.
FedEx Freight’s rate hike follows similar announcements by rival less-than-truckload carriers UPS Freight, ABF and YRC Freight of their own rate increases.
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.
FedEx previously announced increases to shipping rates for FedEx Express and FedEx Ground, which were effective Jan. 7, 2013.