Quote from: "Oliver Clotheshoffe" post_id=475422 time=1663976532 user_id=3349
FedEx announced late Thursday that it will implement the largest general rate increase (GRI) in its history in 2023.
The company announced it will increase the GRI by an average of 6.9 percent next year, which would be the largest year-over-year increase in its history.
"FedEx Express, FedEx Ground, and FedEx Home Delivery rates will increase by an average of 6.9%," the company stated. The increase will range between 6.9 percent and 7.9 percent for FedEx Freight, depending "on the customer's transportation rate scale."
Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer, said, "I am confident the cost actions we're implementing with urgency will enhance efficiency and drive improved profitability in support of our long-term financial targets."
I send gifts to other cities, but not by FedEx..
I better do it soon, their competition will follow their lead.