Economy

FedEx, in online pivot, backs away from holiday surcharges

FedEx, in online pivot, backs away from holiday surcharges”

Unauthorized packages are those that exceed FedEx's size parameters but that are sometimes shipped at the company's discretion.

The surcharges then go away during the early December lull, but return with a vengeance for last-minute shoppers: Between Dec. 17-23, there's a $.27 surcharge for ground shipments, $.81 for Next-Day Air, and a $.97 fee for two- or three-day delivery.

UPS, based in Atlanta, did not immediately comment on the maneuver by FedEx.

FedEx Corp. said Thursday that it won't charge extra for peak-season residential deliveries unless the package requires extra handling, such as for very large items.

In a statement issued today (3 August), FedEx said: "The volume of oversized packages moving through the FedEx Ground network during the Holiday season has increased by approximately 240 percent over the past 10 years and is now about 10 percent of all volume handled by FedEx Ground".

FedEx stock traded slightly down after the market open.

The holiday season surcharge will be $3 per package for additional handling, $25 per package for oversized shipments and $300 per unauthorized package.

FedEx Express and FedEx Ground in the US and Canada will increase holiday surcharges for additional handling by $3 per package and for oversized goods by $25.

"FedEx will not be matching UPS as far as a blanket surcharge, but it is taking equal steps to manage its higher costs associated with oversized or extraordinary packages, things that are huge to push through their facilities".



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