FedEx Sets 5.7% LTL Rate Increase
FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.
Rates for other operating companies within FedEx Corp., including specifically FedEx Express and FedEx Ground, will not be affected, though the company said in September that its express unit would raise rates by a net 4.9% in January.
FedEx Freight, which delivers about 80% of its shipments next-day and second-day, provides regional LTL service, while FedEx National LTL — the former Watkins Motor Lines, acquired by FedEx in 2006 — provides long-haul service.
FedEx National LTL is operating in expanded facilities in San Bernardino, Calif., Phoenix, Ariz., Decatur, Ala., and Rock Island, Ill. The company is also transitioning from non-decking trailers to units with decking, which reduces the potential for damage to freight.
After Jan. 5, the new base rate and rules tariffs for FedEx Freight will be available on the company’s Web site, www.fedex.com/us/freight/main and new base rates and rules tariffs for FedEx National LTL will be available at http://fedex.com/us/national/main. Customers may access rate quotes via these sites.
