FedEx is raising its standard list rates for FedEx Ground and FedEx Home Delivery by an average of 5.9 percent when new rates take effect on January 5, 2009. FedEx had previously announced it would increase shipping rates for FedEx Express by an average of 6.9 percent for U.S. and U.S. export services, also effective January 5, 2009.
The FedEx Express rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points. Currently, FedEx Express has a trigger price of $1.14 per gallon of U.S. Gulf Coast kerosene-type jet fuel. Beginning January 5, 2009, the trigger price will be $1.30 per gallon.
Additional changes will be made to other FedEx Ground and FedEx Home Delivery surcharges and to some FedEx Express surcharges effective January 5, 2009. The details of these surcharges and the new rates are available at http://www.fedex.com/us/2009rates.
