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About FedEx
FedEx Archives: 1997 Press Releases
( BW)(FEDERAL-EXPRESS)(FDX) Federal Express Revises Pricing; FedEx Technology Keeps New Rate Structure Simple for CustomersBusiness Editors MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 22, 1997--Federal Express Corp. (NYSE: FDX) will revise its domestic pricing structure this summer in order to make its leading express transportation services even more attractive to customers. The new rates will be more closely aligned with FedEx's transportation costs and will be determined by the destination, weight and type of domestic service customers choose. "With this change, FedEx prices will more closely reflect the cost of providing the FedEx services our customers want, and will offer substantial savings to customers shipping shorter distances," said Mike Glenn, sr. vice president, marketing and customer service. "Our leading-edge technology -- FedExShip, FedEx PowerShip and the FedEx Web site -- and our commitment to customer service will keep transactions fast and simple for our customers." The new FedEx prices will be based on the weight and size of the shipment, the distance between the shipper and the recipient, and the service commitment. FedEx has offered such region-based pricing on all international shipments and to certain domestic customers for many years. The company is beginning the process of notifying customers of the change, which goes into effect July 1. "I've been really pleased with FedEx's distance-based pricing compared to the competition. It's a better deal for my business," said Tom Pickard, manager of Barfield-AVSCO, Inc., a shipper of aircraft parts in Kansas City, Mo. "FedEx service levels are higher, the tracking ability is tremendous, and FedEx automation helps me calculate my rates easily." "Distance-based pricing, combined with the technology and speed of delivery FedEx provides, is a more cost-effective shipping alternative to anything that currently exists for our business," said Mitch Bentz, director of transportation logistics for Merisel Inc., a distributor of microcomputer products in El Segundo, Calif. "Using FedEx integrated automation to calculate our rates, process our shipping labels and receive tracking data gives Merisel a competitive edge." The new rates apply to packages which are dropped off to FedEx or picked up at a regular FedEx stop. There will be a $3.00 charge to customers for on-call pick-ups. The change is the latest in a series of FedEx initiatives to improve the value of its global services. Most recently, FedEx lowered rates last October by an average of 23% on its FedEx 2Day service for shipments up to 5 lbs. Other such recent initiatives include: -- FedEx International First(TM), the company's overnight service from the U.S. to more than a dozen major commercial centers in Europe for 10:30 a.m.; -- Service from Moscow offering next day FedEx delivery to much of North America by 10:30 a.m. with the industry's only money-back guarantee; -- The only direct service to China provided by a U.S.-based, all-cargo carrier. FedEx now serves more than 60 cities in China through route authorities connecting the U.S. to Beijing and Shanghai and the FedEx AsiaOne(R) hub in Subic Bay, The Philippines; -- Enhancements to FedEx interNetShip(TM), including online account registration, online search for the nearest FedEx drop-off location, and advance e-mail notification of shipments. Federal Express is the world's largest express transportation company providing fast and reliable services for more than 2.7 million items to 211 countries each working day. The company has more than 40,000 drop-off locations, employs approximately 127,000 people who operate an integrated global network of more than 560 aircraft, 38,000 vehicles and over 500,000 Powership(R) and FedEx Ship(TM) automated shipping systems. Federal Express reported revenues of $10.3 billion for its fiscal year ended May 31, 1996. -0- NOTE TO EDITORS: For a copy of a map showing sample rates, please see the Federal Express Website at http://www.fedex.com or call Federal Express Media Relations at 901/395-5007. --30--EB/na* CONTACT: Federal Express Corp., Memphis Media Relations, 901/395-5007 KEYWORD: TENNESSEE INDUSTRY KEYWORD: TRANSPORTATION URL: http://www.fedex.com REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com |
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