FedEx to raise freight prices by 5.9 percent on Feb. 1, following similar hikes at other units
By APFriday, January 15, 2010
FedEx to raise freight prices by 5.9 percent
NEW YORK — FedEx says it will raise prices at its freight and national trucking unit by 5.9 percent on Feb. 1.
These rate increases apply to the company’s less-than-truckload shipments, where a number of smaller loads from a variety of shippers are consolidated on a single truck for final delivery.
FedEx, based in Memphis, Tenn., raised shipping prices at its other units by a similar amount.
Both FedEx Corp. and chief rival UPS Inc. usually announce these standard rate increases annually.
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