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FedEx Archives: 2002 Press Releases

( BW)(TN-FEDEX)(FDX) FedEx Announces Rate Changes for 2003; FedEx Express and FedEx Ground to Issue Rate Increase

Business Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--Nov. 20, 2002--FedEx Corporation (NYSE:FDX) today announced rate changes for FedEx Express and FedEx Ground effective January 6, 2003.

FedEx Express will increase list rates an average of 3.5 percent for shipments within the U.S. and for U.S. export shipments. The FedEx Express price changes also include an increase in the delivery area surcharge to $1.75 from $1.50 and an increase in the Saturday pickup and delivery surcharges to $12.50 from $10.

FedEx Ground will increase rates an average of 3.9 percent.

The 2003 FedEx Express list rates will be available to customers on fedex.com beginning Dec. 7. FedEx Ground list rates will be available on fedex.com beginning Dec. 14.

Other features of the 2003 FedEx Express rate change include:


--	Applying dimensional weight pricing to international shipments in customer packaging at or below one cubic foot, except for shipments between the U.S. and Puerto Rico.
--	Relaunching U.S.-to-Puerto Rico FedEx International Priority Freight(R) (IPF) service with a one-day service commitment. The current IPF service, with a three-day commitment, will be offered as FedEx International Economy(R) Freight.
--	Rates for FedEx Express services between the U.S. and Puerto Rico are increasing an average of 5 percent.

With annual revenues of $21 billion, FedEx Corp. is the premier global provider of transportation, 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 Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited, time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation.

    --30--as/na*

    CONTACT: FedEx Corp., Memphis
             Steve Barber, 901/434-7767
             smbarber1@fedex.com

    KEYWORD: TENNESSEE
    INDUSTRY KEYWORD: TRANSPORTATION E-COMMERCE
    SOURCE: FedEx Corp.