*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

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

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

Relive the 2017 Marketing Hall of Femme

Click the image above