Make sure you take full advantage of fall shipping season, because come the new year, FedEx will be hiking shipping rates for many of its services.
As of January 5, 2015, FedEx Freight, the less-than-truckload (LTL) division of the delivery services giant, will increase shipping rates by an average of 4.9%. For those of you keeping score at home, this is the second rate hike from FedEx Freight in less than a year, as the subsidiary raised rates by 3.9% on March 31, 2014. So the once-annual rate hikes apparently are now coming in 10-month intervals.
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 also plans to raise rates on January 5, 2015, at other subsidiaries. FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services. FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9%. FedEx SmartPost rates will also change.
FedEx previously announced in May 2014 that it will apply dimensional weight pricing to all FedEx Ground shipments. That change also takes effect January 5, 2015.