FedEx Freight, FedEx National LTL Announce General Rate Increase
FedEx Freight and FedEx National LTL will implement 5.7% general rate increases (GRI) effective January 5, 2009. Both less-than-truckload (LTL) companies are part of the FedEx Freight Corp. operating segment of FedEx Corp. (NYSE:FDX). Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected.
Delivering approximately 80% of its shipments next-day and second-day, FedEx Freight provides regional LTL service designed for companies operating fast-cycle logistics. FedEx National LTL provides long-haul service, supporting businesses with planned distribution.
“At both FedEx LTL companies, we are committed to supporting our customers’ supply chains by investing in key elements of infrastructure”safe and reliable, EPA compliant equipment; new or expanded facilities in strategic locations; technology enhancements to provide customers with greater shipment visibility; and most importantly, our people,“ said Dennie Carey, senior vice president of Marketing, FedEx Freight. ”We have a fully engaged workforce in the industry to better serve our customers"
Since January 2008, FedEx Freight has improved service standards inkey marketsthroughout the U.S., and reduced transit times in more than 3,300 transportation network lanes. The company also streamlined Canadian cross-border processes, enabling next-business-day coverage between major Canadian gateway cities and several regions across the U.S.
Now fully re-branded, FedEx National LTL is operating in expanded facilities in San Bernardino, Calif., Phoenix, Ariz., Decatur, Ala., and Rock Island, Ill. The company is also transitioning from non-decking trailers to units with decking, which reduces the potential for damage to freight.
Customers of both FedEx Freight and FedEx National LTL will benefit from enhanced technology that provides greater shipment tracking information while freight is in transit.
The GRI will apply to interstate and intrastate traffic, as well as certain shipments between the U.S. and Canada and Mexico. Various additional adjustments will include minimum and accessorial charges, as well as adjustments in select lanes and service areas.
After January 5, the new base rate and rules tariffs for FedEx Freight will be available on the company’s Web site, www.fedex.com/us/freight/main/ and new base rates and rules tariffs for FedEx National LTL will be available at http://fedex.com/us/national/main/. Customers may access rate quotes via these sites.
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