Soft market conditions blunted FedEx’s first-quarter results, but management is confident that its rate increases will get traction.
The integrator has announced a general rate increase (GRI) of 5.9% for the coming year, which will kick in on 6 January.
In addition, as usual, it is raising surcharges, which pushes cost increases for shippers well above 5.9% – but there is usually room for negotiated discounts.
However, market conditions do not look favourable …
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