Expect another surcharge increase from FedEx on your next invoice.
As of February 15, FedEx raised surcharges on international parcel shipments originating from the U.S. jumped from $0.10 to $0.15 per pound. FedEx will add this fee to parcels destined for the European Region, Canada, and South Africa, except for packages heading to these countries.
Freight shipments originating in the U.S. and headed to those regions will also see an increase. Expect the freight surcharge to rise from $0.10 to $0.35—a 250% jump.
FedEx explains, “Air cargo capacity remains limited, and we are incurring incremental costs as we continue to adjust our international networks to best deliver much-needed goods and services in this constrained environment.”
This international shipping surcharge went into effect in April 2020 at the start of the coronavirus pandemic. With rising eCommerce sales and continued logistical issues, it’s clear that these surcharges are here to stay.
Go here to find additional FedEx pricing and surcharge updates.
Lower Shipping Costs to Offset Rising Surcharges
Smart shipping is important now more than ever. There’s little you can do about the carriers changing the rules, but there is something you can do about your shipping costs. It starts with information.
Making sense of FedEx and UPS pricing information can be hard, so we’ve made it easy for you. We put together a guide, complete with general rate increase information and common surcharges. Equip yourself with this information to say goodbye to surprise increases and ensure you’re making the right decisions for your bottom line.
The Reveel App uses AI and machine learning to provide an unparalleled look into what’s impacting your bottom line. Through invoice audits, peer benchmarking, and rate modeling/simulations, you can see the health of your operation and assess pricing changes from parcel carriers like FedEx and UPS. Sign up for a free Reveel account today to see how you can leverage automation to synthesize your data, ship more for less, and reduce the time needed to identify issues and action items.