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FedEx 6% Late Payment Fee
=========================

 ![Icon denoting blog author information in Lojistic’s content layout](/images/pages/blog/icon-author.svg)Rich Harkey

 ![Calendar icon used to display blog post dates on Lojistic’s website](/images/pages/blog/icon-calendar.svg)September 17, 2021

In June 2021, FedEx implemented a new late payment fee of 6% for all U.S. FedEx Express and FedEx Ground customers who don’t pay their invoice within their agreement’s stated payment terms *(which has historically been 14 days)*.

So, any Express or Ground customer that is past due on a payment will be charged an additional 6% of the amount past due. Payment terms and timelines can vary by customer, so refer to your contractual payment terms if you’re a FedEx customer.

**In this post, you can expect to learn about:**

1. FedEx's 6% Late Payment Fee
2. Free &amp; Easy Solutions to Mitigate or Avoid Carrier Fees
3. Lojistic's Audit + Recovery + Pay Service

![Announcement graphic showing a calendar with "LATE!" badge and clock icon, alongside text stating "FEDEX LATE PAYMENT 6% FEE" and explaining that effective June 2021, FedEx will charge a 6% late payment fee to customers who don't pay invoices within agreed payment terms. Lojistic logo appears at bottom.](https://www.lojistic.com/assets/public/legacy/fedex-late-fee.jpg)

**FedEx Implements 6% Late Payment Fee**

FedEx’s official announcement states the reason for introducing this new late payment fee is because it *“aligns us with general business and industry standards and allows us to provide the best service possible for our customers.”*

**What Other Fees, Surcharges or Restrictions Did FedEx Recently Implement?**

Over the past 18 months, FedEx has posted consecutive record-breaking quarters of profitability.

Within that same period, they have:

- Eliminated the ability to file for late shipments: Effective March 23, 2020
- Reinstated a limited ability to file for late shipments: Effective April 6, 2021
- Increased surcharges and fees: June 2020, January 2021, June 2021
- Introduced “peak” surcharge fees: June 2020, January 2021, June 2021
- Increased rates with the annual rate increase: January 4, 2021

FedEx will also be raising their rates again in January 2022 with their annual rate increase.

**How Can I Avoid FedEx Late Payment Fees?**

If your business has struggled with late payments and you’ve been dinged with fees or if you feel like you’re spending too much time processing FedEx invoices, [Lojistic can help](https://www.lojistic.com/freight-audit-and-payment).

First, you can connect to the [Lojistic platform for free](https://app.lojistic.com/demo/connect-carrier?activeStep=create-account&trackDemo=false) to quantify the financial impact late fees have had on your business. Many businesses struggle to control shipping costs as a result of surcharges and fees. The [surcharge summary dashboard](https://www.lojistic.com/dashboards/surcharge-summary) allows you to easily monitor and manage all variables within your shipping spend. Want to see the surcharge summary dashboard in action? [Watch a brief tutorial video here](https://www.lojistic.com/dashboards/surcharge-summary). If there’s unexpected surge in the occurrence of a particular fee, or the cost of a particular charge - like late fees - goes up, it’ll never go unaccounted for when you’re using Lojistic.

**How Can I Get Help Managing My FedEx Parcel Invoices?**

Lojistic can help expedite and simplify your shipping invoicing by managing the carrier payment process on your behalf. Instead of dedicating hours of staff time to process FedEx and UPS invoices, we’ll ensure your carriers get paid with one simple ACH push. And we’ll automate your [GL coding](https://www.lojistic.com/blog/gl-coding) according to your company’s rules. Adding + Pay and GL coding to our [Audit + Refund Recovery](https://www.lojistic.com/freight-audit-and-payment/parcel-audit-recovery) service is free.

When you enable [+ Pay](https://www.lojistic.com/freight-audit-and-payment/parcel-audit-recovery-pay), all you’ll need to do is review and approve a single weekly invoice, and we’ll manage the rest. And if you have the ability to pay your carrier invoices by credit card, Lojistic will provide Audit + Refund Recovery + Pay services at no cost...that’s right, we’ll waive all of our fees. You can learn more about our [Parcel Audit + Recovery + Pay service here](https://www.lojistic.com/freight-audit-and-payment/parcel-audit-recovery-pay), or you can [schedule a convenient time to chat with one of our experts](https://calendly.com/tyler-lojistic/5min).

Managing the carrier payment process on your behalf is just one of the many ways Lojistic can help you better manage your parcel invoices and avoid FedEx’s new late payment fee. With Lojistic, you save time and money.

[Create a free Lojistic account to get started.](https://app.lojistic.com/demo/connect-carrier?activeStep=create-account&trackDemo=false)

 ![Rich Harkey Headshot](https://www.lojistic.com/assets/public/users/rich.png) 

Author

Rich Harkey

Rich Harkey

Senior Strategy Manager

Rich Harkey is a results-driven professional with extensive experience in the logistics and supply chain industry.

As the Senior Strategy Manager at Lojistic, Rich leverages over three decades of expertise to help businesses improve their shipping strategies and reduce costs. With a deep understanding of the requirements of shippers and the operational intricacies of carriers, he excels in everything from optimizing business rules and managing carrier invoices to negotiating carrier contracts.

Rich's comprehensive knowledge of the logistics industry, combined with his strategic insights and passion for data analysis, has enabled thousands of companies to gain visibility into their shipping expenses, driving impactful results.

 [« Previous Post](/blog/fedex-surcharges) [Next Post »](/blog/fedex-labor-shortages-cause-for-concern) 

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---------------------

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 Platform Features- [Global Analytics &amp; Reporting ](https://www.lojistic.com/shipping-analytics-software)
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- [Parcel and Freight Audit &amp; Payment +PAY ](https://www.lojistic.com/freight-audit-and-payment)
- [GL Coding &amp; ERP Sync ](https://www.lojistic.com/gl-coding-erp-sync)
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 Pricing- [Everything Included – Free Recommended ](https://www.lojistic.com/pricing)
- [À La Carte Plan ](https://www.lojistic.com/pricing#a-la-carte)

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