FedEx LTL Units Cut Fuel Surcharges
FedEx Corp.’s less-than-truckload FedEx Freight unit said Monday it will reduce its standard LTL fuel surcharge by 25%, effective immediately.
FedEx National LTL, FedEx Corp.’s long-haul LTL company formed from the former Watkins Freight Lines, also will reduce its LTL fuel surcharge to levels commensurate with FedEx Freight, the company said.
Fuel surcharges for both LTL companies are updated weekly, based on fuel prices published by the Department of Energy.
“FedEx Freight and FedEx National LTL are taking a leadership position in the industry by making changes to benefit our customers and the market as a whole,” said FedEx Freight Chief Executive Officer Doug Duncan.
“By significantly reducing our fuel surcharges, we offer immediate and long-term assistance to shippers who are facing both a challenging economy and volatile fuel prices,” he said in a statement.
Fuel surcharges at FedEx Express and FedEx Ground are not impacted by changes to the FedEx Freight and FedEx National LTL fuel surcharges, the company said.
FedEx Corp. is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
