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Tuesday, November 07, 2006

FedEx Raises Air Cargo Rates by 5.5%, Second increase this year

FedEx announced that they will raise Air Cargo rates by 5.5% by January 1, 2007.  They will also change their pricing on packages that are three cubic feet or larger.

FedEx is one of the leading air cargo providers in the industry.

FedEx ground rates will also increase later this year and fuel surcharges will kick in.  FedEx plans on an average increase in domestic express shipping rates of 5.5% also, but this will be offset by a 2 percent reduction in fuel surcharges for a net change (increase) of 3.5%.