Saturday, November 15, 2008

FedEx Ground to Increase 2009 Rates by 5.9 Percent

(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 5.9 percent. The new rates will be effective Jan. 5, 2009.

FedEx Corp. previously announced that it would increase shipping rates for FedEx Express by an average of 6.9 percent for U.S. and U.S. export services, also effective Jan. 5, 2009.

The FedEx Express rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points. Currently, FedEx Express has a trigger price of $1.14 per gallon of U.S. Gulf Coast kerosene-type jet fuel. Beginning Jan. 5, 2009, the trigger price will be $1.30 per gallon.

Additional changes will be made to other FedEx Ground and FedEx Home Delivery surcharges and to some FedEx Express surcharges effective Jan. 5, 2009. The details of these surcharges and the new rates are available at http://www.fedex.com/us/2009rates.

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