FedEx to Raise Rates / Direct Newsline 02/09/1999

Direct NewsLine-Media Central, February 9, 1999

FedEx to Raise Rates

Federal Express Corp., Memphis, TN, the world's largest express delivery service, said it will raise its rates an average of 2.8% for shipments within the U.S. starting March 15. Rates for most shipments from the U.S. to most of the 210 countries served by FedEx's global network will remain the same.

FedEx also said that rates to Mexico for its 10 kilogram and 25 kilogram boxes will be increased, while rates for those boxes to several other countries will be lowered. The $1.00 residential delivery surcharge will also be removed from FedEx Express Saver service.

The rate changes come less than a week after FedEx signed its first labor contract, with its pilots. FedEx competitors United Parcel Service of America Inc. and the U.S. Postal Service recently raised their rates.

First Created - February 9, 1999