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About FedEx
FedEx Archives: 1997 Press Releases
( BW)(FEDERAL-EXPRESS-2)(FDX) FedEx Lifts Fuel Surcharge on Freight ServicesBusiness Editors MEMPHIS, Tenn.--(BUSINESS WIRE)--June 3, 1997--Federal Express Corp. discontinued its fuel surcharge effective June 1 on FedEx International Express Freight(R) and FedEx Airport-to-Airport(SM) services originating in the U.S., Canada and Asia. For U.S. domestic service shipments and FedEx International Priority(R) shipments originating in the U.S., the surcharge is scheduled to be lifted on August 1. FedEx initiated the surcharge on the two international freight services in December 1996 after absorbing increasing jet fuel costs for months. The fuel surcharge on the remaining services was delayed until February 1997 to allow FedEx customers to get through their peak shipping season. On April 15, FedEx removed the fuel surcharge on FedEx International Express Freight and FedEx Airport-to-Airport services originating in Europe and Latin America. Federal Express is the world's largest express transportation company providing fast and reliable services for more than 2.8 million items to 211 countries each working day. The company employs approximately 127,000 people, has 41,000 drop-off locations, and operates more than 575 aircraft, 38,000 vehicles and 550,000 Powership(R) and FedEx Ship(TM) automated shipping systems in its integrated global network. Federal Express reported revenues of $10.3 billion for its fiscal year ended May 31, 1996. NOTE TO EDITORS: Federal Express press releases are available on the World Wide Web at http://www.fedex.com. --30--DR/na* CONTACT: Federal Express Corp., Memphis Shirlee Clark, 901/395-3463 Darlene Faquin, 901/395-5406 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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