FedEx to Boost Fuel Surcharge

Federal Express Corp. announced today that it will raise its fuel surcharge from 3% to 4% starting April 1. The increase will affect most of its domestic and international services.

The company said in a press release that it will increase its fuel surcharge to $0.15 per kilogram on FedEx International Airport to Airport and FedEx International Express Freight shipments. The surcharge will apply to all domestic shipments and all U.S. export shipments, where legally permissible.

FedEx cited the recent rise in fuel costs as the reason for the increase, noting that their aircraft fuel costs have nearly doubled over the past year.