FedEx to hike LTL rates
FedEx Freight and FedEx National LTL, the less-than- truckload (LTL) subsidiaries of FedEx Corp.have announced that they will implement a 5.59 percent general rate increase (GRI) effective April 2, 2007. Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected.
"Whether operating fast cycle logistics or planned distribution, shippers have told us they require a high degree of certainty, shipment integrity and actionable information. In order to meet these customer needs, FedEx Freight and FedEx National LTL are continuing to invest in our people, equipment, facilities and technology," said Dennie Carey, senior vice president, marketing, FedEx Freight.
Since acquiring the business assets of Watkins Motor Lines in September, FedEx National LTL has re-engineered its operations to focus on the long-haul market, similar to FedEx Freight's operations in the regional market.
The increase will apply to interstate and intrastate traffic, and selected shipments between the United States and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as additional adjustments in select lanes and service areas.