MEMPHIS, TN — FedEx Freight will increase shipping rates by about 3.9 percent, effective March 31.
The rate change is for FedEx shipments within Canada, Mexico and the US, including Alaska, Hawaii, Puerto Rico and the US Virgin Islands.
Additional changes will include absolute minimum charges and accessorial rates and charges.
FedEx previously announced increases to shipping rates for FedEx Express and FedEx Ground, effective Jan. 6.The increase is smaller than last year’s, when FedEx increased freight rates by 4.5 percent, effective July.
The freight segment contributes about 12 percent to FedEx’s overall revenue.
The FedEx Freight Segment includes FedEx Freight, a provider of less-than-truckload freight services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, a time-specific, critical shipment carrier.