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Almost wherever you look at these days, a business is Increase one's prices . Last week, Fedex announced that she would join these ranks, increasing her expedition rates for Fedex Express, Fedex Group and Fedex Freight. The change comes only two months after the company published its revenues in the fourth quarter, noting that it had experienced a momentum through the company and became a "more flexible, efficient and data organization". Read the rest to find out more about the reasons why Fedex makes customers pay more and what you should be prepared for the next time you will have to send.

In relation: USPS makes these changes to your mail, from September 19 .

From January 1, 2024, Fedex shipping rates will increase an average by 5.9%, including Fedex Express, Fedex Ground and Fedex Home Living. Fedex freight rates will increase an average of 5.9 to 6.9%. Fedex’s fundamental saving rates will also see a bump, although the company has not said how much.

Fedex said that this average rate increase was of a percentage point lower than the average rate increase that the company made last year (in 2023, it increased rates by 6.9% on average ).

"Price adjustments reflect additional costs associated with the current operating environment while allowing Fedex to continue investing in the improvement of services, fleet maintenance, technological innovations and other areas to serve Customers more efficiently and effectively, "said the company in the ad.

Currently, you can send a 9.5 inch by 12.5 inch flat rate envelope At Fedex for $ 11.11 - This price would drop to $ 11.75 in 2024.

In relation: 6 warnings to customers of former Fedex employees .

In addition to his increase in basic prices, Fedex announced that on January 1, he would increase the customs of customs clearance on imports, although he did not say how much. And on January 15, he will start to charge the handling supplement and the oversized expenses by package for multi-pieces international shipments.

Fedex had previously billed these costs only once per shipment in several parts, but now, each individual room will be billed. As of September 7, the company updated its website with a complete overview of How much more you will pay .

In relation: "No end in sight" at USPS price increases, the former treasurer warns .

FEDEX MOST recently reported The stronger profits than scheduled on June 20, 2023, although income decreased by 10% in annual sliding. His leadership said that the results were negatively impacted by lowering demand and cost inflation. AE0FCC31AE342FD3A1346EBB1F342FCB

On a profit call ,, Rajesh Subramaniam CEO of Fedex, explained the efforts that the company was making to reduce costs and increase income. It reduced 29,000 jobs during the year 2023, withdrew 18 aircraft, reduced the total flight hours by 12% in annual sliding and closed certain offices. This exercise, it plans to reduce costs by around 1.8 billion dollars; During the year 2025, its goal is to reduce at least $ 4 billion.

However, future predictions are not pink.

"In a demand environment which remains coherent with what we are currently experiencing, we plan that Michael Lenz On the call.

Other shipping services have also increased rates recently. On July 9, the American postal service (USPS) announced an increase of three hundred of the cost of a first class cachet forever, making the price per buffer of 63 cents at 66 cents. In a Press release , the USPS said the increase was necessary due to inflation.

And in an August 8 quarterly report , the United Parcel Service (UPS) also declared a drop in income: only $ 22.1 billion, compared to $ 24.8 billion last year, a decrease of 10%. In its American segment, UPS cited a 6.9% drop in income from a 9.9% drop in the average daily volume.

Since shipping needs decrease at all levels, those who need the service will support the weight.

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