*FedEx Express to Issue Rate Increase

Share this content:
Despite positive second-quarter earnings, FedEx Corp., Memphis, TN, announced yesterday that its subsidiary Federal Express Corp. will increase list rates an average of 4.9 percent for shipments within the United States effective Feb. 1.


U.S. export shipments generally will receive an average list rate increase of 2.9 percent. FedEx Express last adjusted rates in 1999.


"The value that FedEx provides in streamlining customer's supply chains, with speed and information replacing working capital and inventory, is increasingly important in today's economic environment," said T. Michael Glenn, FedEx's executive vice president of market development and corporate communications. "This rate adjustment ensures that FedEx Express will continue to provide the outstanding service and value, backed by the user-friendly technology, that customers expect from FedEx."


Earlier this month, FedEx reported the following consolidated results for the second quarter, which ended Nov. 30:


• Revenue of $4.9 billion, up 7 percent from $4.6 billion the previous year.


• Operating income of $345 million, up 13 percent from $305 million a year ago.


• Net income of $194 million, up 13 percent from last year's $171 million.


FedEx said customers can download rates from the password-secure FedEx Customized Rate Guide Web site, accessible through www.fedex.com.
close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here