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In fact, UPS [1] and FedEx [2] both announced that starting 2015, shipping charges on all shipments (air and ground) will be determined by greater of the actual weight and dimensional weight of a package. Prior to this announcement, dimensional weight charges were only applicable to packages of a specific size range.
Investments toward improving efficiencies at FedEx's (FDX) Ground unit are likely to increase costs, which is a concern in first-quarter fiscal 2020.
In effect, the formula reduces the legal weight limit for shorter trucks with fewer axles (see table below). For example, a 25-foot (7.6 m) three-axle dump truck would have a gross weight limit of 54,500 pounds (24,700 kg), instead of 80,000 pounds (36,000 kg), which is the standard weight limit for 63-foot (19.2 m) five-axle tractor-trailer. [1]
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp (NYSE: FDX), will increase shipping rates from January 3, 2022. FedEx to increase FedEx Express shipping rates by an ...
FedEx Freight to Increase Shipping Rates MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Freight, a subsidiary of FedEx Corp. (NYS: FDX) , will increase shipping rates by an average of 4.5%, effective ...
On January 14, 2013, FedEx named Henry Maier CEO and President of FedEx Ground, to take effect after David Rebholz retired on May 31, 2013. [10] Until 2018, most FedEx Ground US operations were five days a week, but this was expanded to six in September 2018 due to the rise in demand driven by e-commerce. [11]
Memphis-based logistics giant FedEx is reducing its headcount as it works to "streamline and realign functions."