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About FedEx
FedEx Archives: 2003 Press Releases
FedEx Freight Announces General Rate IncreaseMEMPHIS, Tenn.--(BUSINESS WIRE)--June 17, 2003--FedEx Freight will implement a 5.9 percent general rate increase effective June 30, 2003. The increase will be applied by the company's two operating units, FedEx Freight East and FedEx Freight West. FedEx Freight, the U.S. leader in regional less-than-truckload (LTL) freight services, is a subsidiary of FedEx Corp. (NYSE: FDX). This increase applies to intra- and interstate traffic, including Canadian trans-border and other international lanes, as well as accessorial and minimum charges. Various additional adjustments will be made to select lanes and service areas. "In the past year, we have added and expanded service centers and enhanced our technology capabilities to better meet the fast cycle distribution needs of the marketplace. At the same time, we have experienced increased costs for healthcare and insurance as well as compliance with new regulatory requirements. Our commitment is to be able to continue providing the high level of service and reliability our customers need and count on, " said Dennie Carey, senior vice president of marketing for FedEx Freight. Both of the FedEx Freight operating companies share a single base rate tariff and a single rules tariff, making shipping easier and more convenient. Customers may access rate quotes online at www.fedexfreight.fedex.com. After June 30, the revised FedEx Freight base rate and rules tariffs will be available on the company's web site. About FedEx Freight As a member of the FedEx Corp. family of companies, FedEx Freight is the $2 billion leading U.S. provider of next-day and second-day regional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is composed of two operating companies, FedEx Freight East and FedEx Freight West, both known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, the two companies provide service to virtually all U.S. zip codes, including Alaska and Hawaii. Internationally, they serve Canada, Mexico, Puerto Rico, Central and South America, the Caribbean, Europe and Asia. More information about FedEx Freight East, based in Harrison, Ark., and about FedEx Freight West, based in San Jose, Calif., can be found at www.fedexfreight.fedex.com. About FedEx With annual revenues of $22 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, North America's largest customs broker and a provider of international freight forwarding and trade facilitation services. FedEx ranked highest in J. D. Power and Associates 2002 Small Package Delivery Service Business Customer Satisfaction Study(SM) in the categories of air, ground and international delivery services. NOTE TO EDITORS: Press releases and additional information about FedEx Corp. and its operating companies can be found on the World Wide Web at http://www.fedex.com. --30--AS/na*
CONTACT: FedEx Freight
Debra Phillips, 901/434-3122
debra.phillips@fedex.com
KEYWORD: TENNESSEE
INDUSTRY KEYWORD: TRAVEL TRANSPORTATION AIRLINES PRODUCT
SOURCE: FedEx Freight
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