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FedEx Archives: 1999 Press Releases

( BW)(CA-VIKING-FREIGHT)(FDX) Viking Freight Announces General Rate Increase

    Business Editors & Transportation Writers

    SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 13, 1999--Viking Freight Inc., the leading LTL (less-than-truckload) carrier providing western regional transportation service and a subsidiary of FDX Corp. (NYSE:FDX), will implement a general rate increase of 5.3 percent, effective Oct. 11, 1999.
    The increase will apply to Viking's inter- and intrastate traffic, including its transborder shipping services to Canada and Mexico. Additionally, other adjustments will be made to various lanes and classes.
    "We felt it necessary to take a rate increase at this time because many businesses may be working on Y2K issues in December and January. We pushed the increase out as late as we possibly could to give both our customers and us enough time to adjust our internal rating systems before the end of the year," said Keith E. Lovetro, Viking's vice president of marketing.
    "In the course of the next year, we'll continue to invest in our infrastructure to meet the growing needs of shippers, including advanced information technologies to facilitate e-commerce transactions," said Lovetro. "We'll also continue Viking's commitment to be the industry leader in safety by investing in new additions to our fleet, superior training for drivers, and our technology-driven maintenance programs."
    As part of FDX Corp. and its family of companies, Viking Freight, Inc., headquartered in San Jose, specializes in award-winning next-day and second-day regional freight service. Viking provides services in eleven western states, including intermodal service to Alaska and Hawaii. Synonymous with an EZTDBW(R) (Easy-To-Do-Business-With) operating philosophy, Viking has a tradition of posting an on-time service record that is consistently among the best in the industry.
    In addition to a full range of electronic information services, Viking also offers its customers value-added services, such as assembly and distribution. More information about Viking can be found at the company's web site at www.vikingfreight.com.
    FDX Corp., a $17 billion holding company, provides comprehensive transportation, logistics, e-commerce and supply chain management solutions. Its principal operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., North America's second largest business-to-business ground small-package carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western U.S.; Roberts Express Inc., a critical-shipment carrier; and FDX Logistics Inc., a contract logistics provider.

    Note to Editors: FDX press releases are available on the World Wide Web at www.fdxcorp.com. EZTDBW(R) is a registered trademark of Viking Freight Inc.

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     CONTACT: Viking Freight Inc.
              Kathy Keller, 408/323-4238
              Keller-Kathy@vikingfreight.com
                     or
              Just Marketing
              Jean E. McClymonds, 831/438-4800 ext. 2
              justmktng@aol.com

     KEYWORD: CALIFORNIA ALASKA HAWAII INTERNATIONAL CANADA LATIN
AMERICA
     INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET TRANSPORTATION PRODUCT