![]() ![]() In 2009, FedEx increased its express rates by 6.9% but offset the increase by reducing the fuel surcharge by two percent. Raj Subramaniam also said, “we did not anticipate…the tremendous inflation of costs that hit us squarely last year.” Both of these statements were answers to questions during FedEx’s Q1 2023 earnings call on September 22. Our team has identified several important takeaways for shippers to take note of and assess:Īfter breaking the decade-long trend of a 4.9% increase with a 5.9% increase in 2022, FedEx adds another point to their GRI for 2023, with Brie Carere, Chief Customer Officer, citing “the inflationary backdrop” as the rationale for the historic increase. ![]() Remember, there is often a discrepancy between the announced increases and the effect that the increase has on individual shippers. Effective January 2, 2023, FedEx Express (Domestic, US Export, and US Import), FedEx Ground, and FedEx Home Delivery shipping rates will increase by an average of 6.9%.įedEx Freight will increase rates by 6.9% for PZONE/EZONE base rate shippers and 7.9% for FXF 1000/501 base rate shippers. ![]()
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