Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

FedEx to Add Surcharge on Delivery Fees to Offset Rising Costs

Published 06/03/2020, 04:30 PM
Updated 06/03/2020, 04:35 PM
© Reuters.

By Yasin Ebrahim 

Invesing.com - FedEx tacked on gains in after-hours trade after the delivery giant said it would adding fees on some shipments to offset the jump in costs during the pandemic.

FedEx (NYSE:FDX) was up 0.5% in after-hours trade after ending the day up 2.9%.

From June 8, FedEx will add a surcharge of 30 cents per package for most-frequent shippers – those who send more than 40,000 packages a week with weekly shipping volume above 120% of their average volume in February -  The Wall Street Journal reported, citing a person familiar with the matter.

A $30 surcharge would also be added to all oversize deliveries, while all packages shipped using SmartPost would be subject to a final surcharge 40 cents, the reported added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.