Rise in Freight Costs is a Predictable Surprise

Over the years I’ve given a talk about predictable surprises - things we should have seen coming, but didn’t.

I’ve recently heard from some people who are wondering if freight costs will truly continue to go up.

Yes they will. Don’t let rising freight costs become a predictable surprise to you.

Watch this week’s video to hear about why I’m convinced we’re heading in this direction and what’s happening with FedEx and YRCW, as well as other updates.

News Release
FedEx to Increase Shipping Rates for Express, Ground and Freight Services

MEMPHIS, Tenn., September 16, 2014 — FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective January 5, 2015.

FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services.

FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9%. FedEx SmartPost rates will also change.

FedEx Freight will increase shipping rates by an average of 4.9%. This rate change applies to eligible FedEx Freight shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands), between the contiguous U.S. and Canada, within Canada, between the contiguous U.S. and Mexico, and within Mexico.

Details of all changes to rates and surcharges are available at www.fedex.com/us/2015rates.

FedEx previously announced in May 2014 that it will apply dimensional weight pricing to all FedEx Ground shipments. That change also takes effect January 5, 2015.

Related: Can Dimensional Pricing Be The Financial Champion For The Less-than-Truckload Sector?