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FedEx Archives: 2000 Press Releases

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

    Business Editors

    SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 6, 2000--Viking Freight Inc., the leading LTL (less-than-truckload) carrier providing Western regional transportation service and a subsidiary of FedEx Corp. (NYSE:FDX), will implement a general rate increase of 5.9 percent, effective Oct. 2, 2000.
    The rate increase will apply to Viking's intra- and interstate traffic, including transborder shipping services to Canada and Mexico, as well as to minimum and accessorial charges. Additionally, price adjustments will be made to selected lanes and service areas.
    "Viking is making significant investments in service centers, equipment and technology tools," said Keith E. Lovetro, Viking's vice president of marketing. "These investments are being made as part of our efforts to provide and continuously improve our award-winning services that help make our customers' transportation operations easier to manage and more efficient in an increasingly just-in-time world."
    "We are also investing in the selection and training of our employees," continued Lovetro. "Our employees are the linchpin that allows Viking to offer our customers, and their customers, the most reliable, easy-to-do-business-with service available in the West."
    As part of FedEx Corp. and its family of companies, Viking Freight Inc. is the leader in providing next-day Western regional freight service. Founded in 1966, the company is headquartered in San Jose, Calif. and has more than 5,000 employees. Viking provides services through a comprehensive network of 66 service centers in the eleven Western states, including Alaska and Hawaii. Known for its EZTDBW(R) (Easy-To-Do-Business-With) customer orientation, Viking is also consistently recognized for its industry-leading on-time delivery performance record. In 1999 the company's commitment to safety was honored with the American Trucking Associations' President's Trophy for its safety record. In addition to reliability and convenient e-commerce services, Viking offers shippers value-added services such as cross-border service to Canada and Mexico. More information about Viking can be found at www.vikingfreight.com.
    With annual revenues of $18 billion, FedEx Corp. is the premier global provider of transportation, logistics, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Logistics, an integrated logistics, technology and transportation-solution company; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. More than 2.5 million customers are connected electronically through the FedEx information network and approximately two-thirds of its U.S. domestic transactions are now handled on-line.

    Note to Editors: FDX press releases are available on the World Wide Web at www.fedex.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, 831/335-4222 ext. 2
             justmktng@aol.com

    KEYWORD: CALIFORNIA
    INDUSTRY KEYWORD: TRANSPORTATION