FedEx Ground Announces 2006 Rates; Shipping Costs Increase 3.9 Percent at FedEx Ground, Other Surcharges Announced.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. -- FedEx Corp. (NYSE NYSE See: New York Stock Exchange : FDX See full-duplex. fdx - full-duplex ) today announced that it will increase the standard list rates for FedEx Ground FedEx Ground is a shipping company headquartered in Moon Township, Pennsylvania, a suburb of Pittsburgh. Originally a small regional package shipping company called Roadway Package System (RPS), it was created to be a discount competitor to UPS. and FedEx Home Delivery by an average of 3.9 percent. This is in addition to other changes to FedEx Express FedEx Express, based in Memphis, Tennessee, USA, is the world's largest cargo airline. It is a subsidiary of the FedEx Corporation and delivers packages and freight to more than 220 countries each day[1]. , FedEx Ground and FedEx Home Delivery surcharges. The new rates and surcharge changes will be effective Jan. 2, 2006. FedEx Corp. previously announced an increase to the net average shipping costs for FedEx Express by 3.5 percent, which comprises a 5.5 percent average increase in standard list rates, offset by a 2.0 percent point reduction in its fuel surcharge. These rates are also effective Jan. 2, 2006 and apply to U.S. domestic and U.S. export packages and freight. "These rate adjustments allow FedEx Express and FedEx Ground to continue to improve service levels and expand their networks," said T. Michael Glenn Michael Glenn (born June 14, 1956) was an English cricketer. He was a right-handed batsman and a right-arm medium-fast bowler who played first-class cricket for Derbyshire. , executive vice president of Market Development and Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. at FedEx. Other FedEx Express and FedEx Ground changes effective Jan. 2, 2006 include: --The delivery area surcharge for select ZIP codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. will increase by 5 cents per package for commercial locations and 10 cents per package for residential locations for FedEx Express and FedEx Ground. --A residential surcharge increase for FedEx Express and FedEx Ground shipments of 10 cents per package and a residential surcharge increase for FedEx Home Delivery of 25 cents per package. --An increase in the charge for direct signature required of 25 cents a package and an increase in the adult signature required charge of 50 cents per package for FedEx Express and FedEx Ground shipments. --The additional handling surcharge for FedEx Express and FedEx Ground shipments will increase $1.00 per package. --The FedEx Express and FedEx Ground collect on delivery charge (C.O.D.) as well as the FedEx Ground electronic collect on delivery charge (E.C.O.D.) will increase by $1.00 per package. There will be no changes to most FedEx(R) Retail Counter Rates for FedEx Express and FedEx Ground shipments. Details on 2006 standard list rates and surcharges will be available to customers on www.fedex.com/us/2006rates beginning Dec. 3, 2005 for FedEx Express and by Dec.19, 2005 for FedEx Ground. About FedEx FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $30 billion, the company offers integrated business applications through operating companies operating company A business that engages in transactions with outsiders. competing collectively and managed collaboratively, under the respected FedEx brands. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 250,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit www.fedex.com. |
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