16 C
Wednesday, June 3, 2020
Home Freight News FedEx to raise its shipping rates

FedEx to raise its shipping rates

U.S. logistic giant FedEx said on Monday (Nov. 5) that it would raise its shipping rates on Jan. 7, 2019.

The Tennessee-based company said its subsidiaries, including the FedEx Express, FedEx Ground and FedEx Freight, will increase their shipping rates early next year.

FedEx Express shipping rates will increase by an average of 4.9 percent for U.S. domestic, export and import services. FedEx Ground and FedEx Home Delivery shipping rates will also increase by the same percentage.

FedEx Freight shipping rates will rise by an average of 5.9 percent for shipping services in the United States, Canada and Mexico, the company said.

Read more on Xinhua.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Rate levels not costs key to mitigating carrier 2020 losses as lines cancel more services

Maintaining freight rate levels is key to maintaining carrier profits in this crisis hit year that has seen shipping lines slash services, managing capacity...

CMA CGM boss sets carbon neutral target by 2050

French operator CMA CGM aims to be carbon neutral by 2050, according to Rodolphe Saadé, the chairman and CEO of the CMA CGM Group. Speaking...

Taipei distributes shipping industry loans

Taiwan’s Ministry of Transportation and Communications announced on 2 June that it has disbursed loans of TW$16.5 billion (US$550 million) to the shipping industry...

Dachser expands Nuremberg facilities

German logistics provider, Dachser, has announced it is investing in its location in Nuremberg, including expansion of transit terminals for industrial goods and food...

Gdansk updates road and railway system

Port of Gdansk has announced that 85% of work on the redevelopment of the road and railway system at the port has been executed,...