Today, FedEx (NYSE:FDX) announced FedEx One Rate, which gives customers a flat-rate option for shipping their express packages, depending on the size of the package (not the weight) and the shipping method.
Of the announcement, FedEx Services Executive Vice President of Marketing Raj Subramaniam said in a statement, "For consumers and small businesses alike, FedEx One Rate pricing allows customers to plan and control their express shipping costs more easily. They can add to the box without adding to the cost."
The cost is a flat rate dependent on the size of a package, the shipping method (overnight, two-day, etc.), and where it will be traveling. For example, 3rd-day shipping of a medium box will be $10.50 to a zone within 150 miles of the shipping location, but a shipment of the same package will be $11.75 to a zone that is between 150 and 600 miles away. Further pricing detail is available in the following guide [link opens in PDF].
The United States Postal Service also offers flat-rate shipping through its Priority Mail Flat Rate boxes and envelopes, where the price is contingent on package dimensions and the shipping method, but it does not include shipping zones.
In addition to the announcement of FedEx One Rate, the company also announced $1 of every One Rate shipment from Nov. 1 to Dec. 23 will be donated to Teach for America, up to $200,000.
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