FedEx LTL Business Units announce 2008 GRI

FedEx Freight and FedEx National LTL (formerly known as Watkins Motor Lines) have announced their 2008 general rate increase.  The GRI will be effective January 14th, 2008 and be in the amount of 5.48 percent of base freight.

The increase does not impact FedEx Express and Ground parcel products.  FedEx express products are covered by a previously announced 4.9 percent increase plus various accessorial increases.

As usual, readers would be well advised to check the FedEx website for possible accessorial fee increases for their LTL business units that may not be specifically outlined in the general press release.

clipped from biz.yahoo.com FedEx Freight, FedEx National LTL Announce General Rate Increase Wednesday December 26, 9:00 am ET MEMPHIS, Tenn.--(BUSINESS WIRE) -- FedEx Freight, a leading U.S. provider of regional next-day and second-day less-than-truckload (LTL) service, and a subsidiary of FedEx Corp. (NYSE: FDX - News), will implement a 5.48 percent general rate increase (GRI) effective January 14, 2008. Additionally, FedEx National LTL, the long-haul LTL company, will implement a commensurate increase for its general rates. Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected. The GRI increase will apply to interstate and intrastate traffic, and certain shipments between the United States and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as adjustments in fuel surcharges and select lanes and service areas. After January 14, the new base rate and rules tariffs for FedEx Freight will be available on the company's Web site, www.fedex.com/us/freight/main/ and new base rates and rules tariffs for FedEx National LTL will be available at http://fedex.com/us/national/main/. Customers may access rate quotes via these sites.

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[mtajim@gmail.com]

Fedex is one of the major part of this whole system and i think their performance shows how the whole indurty runns