Fedex announces rate changes for 2002
MEMPHIS, Tenn., Nov 20, 2001 (BUSINESS WIRE) — FedEx Corp. (NYSE:FDX) today announced that its subsidiaries Federal Express Corp. (“FedEx Express”) and FedEx Ground will increase rates effective January 7, 2002.
FedEx Express will increase rates an average of 3.5 percent for shipments within the U.S. and for U.S. export shipments. This increase includes a $1.35 per-package residential delivery charge for non-freight shipments within the U.S. to private residences, an increase in the courier pickup charge to $4.00 from $3.00 and an adjustment to the special handling fees for dangerous goods, but excludes the current fuel surcharge.
FedEx Ground also will increase rates an average of 3.5 percent. The residential delivery surcharge will increase from $1.30 to $1.35 and the FedEx Home Delivery surcharge per-package will increase from $1.05 to $1.10.
“FedEx is committed to providing the highest level of customer service in the industry,” said T. Michael Glenn, FedEx executive vice president of market development and corporate communications. “Millions of customers count on FedEx for unmatched reliability coupled with a broad array of service offerings that take their businesses around the world, to the Web and beyond.”
Beginning Dec. 7, rates will be available to Express customers on www.fedex.com. Ground list rates will be available on fedex.com beginning December 14.
With annual revenues of $20 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world’s largest express transportation company; FedEx Ground, North America’s second largest provider of small-package ground delivery service; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world’s largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions.
Certain statements in this press release may be considered forward-looking statements, such as statements relating to management’s views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, any impacts on the company’s business resulting from the events that occurred on September 11, 2001, the timing and amount of any money that FedEx is entitled to receive under the Air Transportation Safety and System Stabilization Act, as well as general economic and competitive conditions in the markets we serve, matching capacity to volume levels and other factors which can be found in FedEx Corp.’s and its subsidiaries’ press releases and filings with the SEC.
