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FedEx Freight Sets 6.75% Rate Increase
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FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6.
This increase applies to FedEx Freight in the lower 48 United States and Canada, FedEx said in a statement.
The rate for cross-border FedEx Freight shipments between the U.S. and Mexico will also increase 6.75% for just the U.S. portion of the shipment, also effective Sept. 6.
The move follows average 6.9% rate increases announced recently by LTL competitors YRC Worldwide, UPS Freight and Con-way Freight.
FedEx previously announced increases to shipping rates for FedEx Express and FedEx Ground, which were effective Jan. 3, 2011.
FedEx Corp. is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
