FedEx Announces Rate Increase for 2017

UPS recently announced a 4.9% rate increase for 2017 and now FedEx plans to raise rates by 3.9% starting in January. Rates for FedEx Ground and Home Delivery will increase by 4.9%.

An excerpt from Investopedia’s coverage on the rate increase says:

“Oil falls and shipping rates rise. Unfortunately, this is the reality we live in, where both FedEx Corp (FDX) and United Parcel Service Inc (UPS) charging more for delivery in a period of low gas prices. FedEx announced their rate increases yesterday after market close; UPS announced rate increases earlier this month. The increases, which were expected, will take effect in January 2017.”

“Fortune reports that the price of shipping packages has grown by 79.2% for ground deliveries and 95.5% for air deliveries this past decade. With e-commerce sales growing each year and expected to account for almost 13% of all retail sales by 2019, the rise in shipping costs should have consumers worried.”

Are you looking for an alternative to FedEx for your local and regional shipping needs?  Dropoff offers a fast, dependable, and professional solution that won’t break the bank.

Was this article helpful for you?
Thanks for your feedback!
Yes No
Enhance The Customer Experience With Same-Day Delivery Services!  
Talk To An Expert

Enhance The Customer Experience With Same-Day Delivery Services!