FedEx Brings Surcharge to Big Packages
FedEx announced that starting June 1, an extra charge on packages 48 inches or more long (instead of 60 inches) will be set in place.
“We are seeing a significant increase in non-traditional items now being purchased online, mattresses to new swing sets and big-screen TVs just to name a few,” he told analysts, according to a transcript from Seeking Alpha. “We welcome this opportunity but it is important that we price these items accordingly to account for the operational complexities, such as manual sortation to person delivery, et cetera.”
FedEx reported total revenues of $12.654 billion for the quarter ended Feb. 29, up 8 percent from $11.716 billion from last year, growth Glenn attributed on the call to a “historic” holiday season in which FedEx delivered 325 million packages.