FedEx is introducing a series of new charges over the next two weeks, including extending its US inbound processing fee to all 27 European Union nations and reclassifying US zip codes into higher delivery surcharge tiers. Starting August 3, the inbound processing fee will apply to shipments destined to the EU from outside the bloc, following the EU's end of duty-free status for goods valued at 150 euros or less and a new 3 euro charge per product type. On Monday, FedEx also shifted 102 zip codes into the standard delivery area surcharge tier, moved 74 from standard to extended, and 63 from extended to remote, with the extended-to-remote jump adding $11.20 per package for commercial shipments and $7.95 for residential. Additionally, the disbursement fee for advancing duties and taxes rose from the greater of $15 or 2% to the greater of $17.50 or 2.5%. These moves are part of more than 50 pricing changes over 18 months, as FedEx focuses on premium B2B services and uses surcharges to boost revenue without raising base rates.
FedEx CorporationFedEx is introducing new fees and expanding surcharge zones, which will boost revenue without raising base rates.
United Parcel Service Inc