As has been widely reported in many industry trade journals, FedEx Corp announced that it will be raising shipping rates in 2018 for FedEx Ground, FedEx Express, and FedEx Freight by 4.9%. If that number sounds familiar, it should. Here are the FedEx announced average rate increases for the past few years:
- 2017: 4.9% for Ground, 3.9% for Express
- 2016: 4.9% for Ground and Express
- 2015: 4.9% for Ground and Express
- 2014: 4.9% for Ground, 3.9% for Express
- 2013: 5.9% for Ground and Express (to be offset by fuel surcharge reduction)
- 2012: 5.9% for Ground and Express (to be offset by fuel surcharge reduction)
- 2011: 5.9% for Ground and Express (to be offset by fuel surcharge reduction)
- 2010: 4.9% for Ground, 5.9% for Express (to be offset by fuel surcharge reduction)
Notice a trend? Since the carriers (UPS and FedEx) began announcing an annual general rate increase (GRI), they’ve been consistent in their announced average increase.
