Starting on June 21, FedEx will charge customers in the form of a substantial increase in three express surcharges. The company stated that
In order to provide customers with the best possible service during this challenging period, these additional charges are being implemented.
FedEx FedEx will increase peak season surcharge on June 21 FedEx FedEx will increase peak season surcharge on June 21
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The specific surcharge adjustments are as follows:
• Residential delivery surcharges for domestic air and ground express delivery will be doubled from USD 0.3 per item to USD 0.6 per item;
• The surcharge for each package of the renamed ground economy service will be increased from US$0.75 to US$1;
• The special handling surcharge for domestic air and ground parcels and international ground parcels has been increased from US$3 to US$3.5 per item;
• Maintain a surcharge of $30 per piece for U.S. airlines and ground services and international ground transportation of oversized cargo. This provision previously took effect in mid-January.
FedEx said on its website that these three fee increases will take effect on June 21 until further notice.
FedEx FedEx will increase peak season surcharge on June 21 FedEx FedEx will increase peak season surcharge on June 21
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These changes are classified as peak season surcharges, highlighting that in the unprecedented package delivery environment in the post-new crown epidemic era, the peak season is no longer related to the Christmas holiday, but has become a year-round phenomenon. air freight from china to usa cost
In March of this year, FedEx announced its third-quarter revenue of US$21.5 billion, an increase of 18.6% year-on-year. Operating income was US$1.06 billion, far exceeding the US$483 million reported in the same period last year. Adjusted earnings per share was 3.47 US dollars, an annual increase of 146%, exceeding Wall Street’s forecast of US$3.21 per share. FedEx executives said that its quarterly operating performance has increased, mainly due to the strong growth in sales of domestic residential parcels and FedEx priority services in the United States, and pricing initiatives in all price areas.
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