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FedEx Announces No Additional Residential Surcharges for Second Straight Holiday Season

August 3, 2018

MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug 3, 2018--FedEx Corp. (NYSE: FDX) announced today that, for the second year in a row, the company will not apply additional residential surcharges during the holiday season, except for shipments that are oversized, unauthorized or necessitate additional handling.

“FedEx delivers possibilities every day for millions of small- and medium-sized businesses,” said Raj Subramaniam, executive vice president, chief marketing and communications officer, FedEx Corp. “We are demonstrating our support for these loyal customers during this critical timeframe by not adding additional residential peak surcharges, except for situations where the shipments are oversized, unauthorized or necessitate additional handling.”

Peak surcharges for such shipments will be effective Nov. 19, 2018, through Dec. 24, 2018. Details can be found here: fedex.com/peak-surcharge

FedEx Express and FedEx Ground also announced general changes to surcharges on unauthorized shipments and some packages requiring additional handling, effective Sept. 3, 2018. Details can be found here: fedex.com/rate-changes

FedEx is also updating certain fuel surcharge tables at FedEx Express and FedEx Ground effective Sept. 10, 2018. Details of these changes will be available on fedex.com by Aug. 10, 2018.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $65 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 425,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180803005284/en/

CONTACT: FedEx Media Relations

Patrick Fitzgerald, 901-818-7300

KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE

INDUSTRY KEYWORD: TRANSPORT AIR TRUCKING LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: FedEx Corp.

Copyright Business Wire 2018.

PUB: 08/03/2018 09:04 AM/DISC: 08/03/2018 09:04 AM

http://www.businesswire.com/news/home/20180803005284/en

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