Tag: Fedex Freight

FedEx Freight, FedEx National LTL announce general rate increase

Posted by | Dec 28, 2007 | |

FedEx Freight, a U.S. provider of regional next-day and second-day less-than-truckload (LTL) service, and a subsidiary of FedEx Corp., will implement a 5.48 percent general rate increase (GRI) effective January 14, 2008. Additionally, FedEx National LTL, the long-haul LTL company, will implement a commensurate increase for its general rates.

Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected.

In 2007, FedEx Freight improved service standards in key markets throughout the U.S., and reduced transit times in more than 1,000 transportation network lanes. Additionally, FedEx National LTL re-engineered its network to provide long-haul shippers with higher levels of reliability and certainty. FedEx National LTL was created in September 2006 when FedEx acquired the business assets of the former Watkins Motor Lines.

Carey also noted that FedEx Freight and FedEx National LTL have taken a leadership role in the purchase of safe and more environmentally sensitive equipment. “It’s our goal to take necessary steps to benefit our employees, customers and the communities in which we live and work.”

The GRI increase will apply to interstate and intrastate traffic, and certain shipments between the United States and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as adjustments in fuel surcharges and select lanes and service areas.

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Rail service better

Posted by | Aug 16, 2006 | |

North American rail service improved in the second quarter and year over year, according to Bear Stearns’s quarterly survey of 1,000 shippers.

The survey respondents named CSX, Canadian National, and Canadian Pacific as having the most improved service.

Although 28 percent of the shippers still expect rail service to deteriorate during the peak season, this is down considerably from 53 percent a year ago.

Shippers expect to pay a 4.4-percent average rail rate increase in 2006, meaningfully up from 3.7 percent in the first quarter and 3.5 percent a year ago. Forty-four percent of the survey respondents described full-truckload capacity as “balanced;” 34 percent described the full-truckload market as “tight” and 22 percent as “over capacity.” For the first time since 2001, no respondent saw “extremely tight” capacity. The survey found shippers see even greater less-than-truckload capacity availability.

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FedEx Freight boosts Puerto Rico service

Posted by | Jul 8, 2005 | |

FedEx Freight said it is improving its ocean less-than-container load service by combining its mainland administrative and delivery systems with those of its Puerto Rican operating company, Caribbean Transportation Services. The LTL carrier says the consolidation of systems with CTS will simplify the process for shippers and improve overall efficiency. “By providing speed, precision, end-to-end visibility and a single invoice, it simplifies things for the customer. We believe it’s a value proposition,” said Dennie Carey, senior vice president of marketing.

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FedEx Freight CEO: gaining market share in ‘chunks’

Posted by | Apr 15, 2005 | |

FedEx Corp.’s freight division continues to gain market share as more retailers and manufacturers go from talking about just-in-time shipping to actually doing it. As those manufacturers move operations offshore, FedEx will gain even more of the domestic freight market as customers turn to FedEx for help with their international supply chains, said FedEx Freight Chief Executive Doug Duncan.
“More and more companies are actually executing fast-cycle logistics,” rather than just talking about it, Duncan said in an interview with Dow Jones. “We strongly believe that we are taking market share in pretty big chunks.”
In the fiscal third quarter ended in February, FedEx Freight’s revenue rose 19% to USD 747 million, as its operating margin widened to 7.2% from 5.9% the year before.

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FedEx Freight continues strategic expansion and growth throughout US

Posted by | Mar 28, 2005 | |

FedEx Freight, a subsidiary of FedEx Corp. continues its aggressive nationwide expansion by opening four new service centers and expanding a fifth facility to meet growing customer demand throughout the United States. “Increasing capacity remains an important business goal as FedEx Freight continues its long-term growth strategy focusing on next-day and second-day regional markets,” said Douglas G. Duncan, president and CEO of FedEx Freight. “Our efforts to build new facilities and upgrade current centers underscore our commitment to exceeding customers’ service and reliability expectations in these growing markets.” Newly-constructed and recently-opened facilities include state-of-the-art service centers in Des Plaines, Ill., Salem, Ore., Texarkana, Ark. and Springfield, Mass.

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