FedEx Freight is a regional next-day and second-day Less than Truckload (LTL) carrier. FedEx National LTL is a long-haul LTL. FedEx National LTL was created in September 2006 when FedEx acquired the business assets of the former Watkins Motor Lines.
Both companies will adjust their rates upward by 5.48%. The increase applies to both interstate and intrastate freight as well as certain shipments between the US and Canada and Mexico. The companies explain that additional adjustments will include minimum and accessorial charges and changes in fuel surcharges and select lanes and service areas.
Commenting on the rate increases, Dennie Carey, senior vice president, marketing, FedEx Freight, said, “FedEx Freight and FedEx National LTL are committed to providing superior service for regional and long-haul shippers throughout North America. Sustained investments in our employees, technology, equipment and facilities will enable us to continue offering what customers expect from FedEx—safe and reliable transportation of their shipments by dedicated professionals.”