Key highlights for the 12 months: *Group sales declined by 10% and we expect to report adjusted operating profit in the range of £310m-£315m at an average USD:GBP exchange rate of 1.28; with portfolio changes, inflation and the trading impact of COVID-19 partially offset by restructuring savings. *Global Online Learning sales grew 18% due to strong enrolments in new and existing schools in Virtual Schools and good sales growth in Online Program Management (OPM), with growth in continuing programs partially offset by discontinued programs. *Global Assessment sales declined 14%, reflecting the impact of test centre closures during the lockdowns in H1 in Professional Certification, with pent up demand in the second half partly moderated by Q4 lockdowns. Cancellation of Spring testing impacted US Student Assessment and school closures impacted US Clinical Assessment. *North American Courseware declined 13% with US Higher Education Courseware revenue down 12%, with good growth in digital registrations and eBooks and a further decline of higher priced package and print sales. At the end of 2020, over 70% of US Higher Education Courseware revenue was digital. *International declined 19% due to school and test centre closures and the continuing impact of COVID-19 on public and private spending on courseware and assessments.
FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective Jan. 1, 2018 by an average of 4.9 percent. The change will impact the following:
Potentially one of the most impactful changes comes with the announcement that FedEx will begin applying a dimensional weight (DIM) factor of 139 to all SmartPost packages. This change will become effective on Jan. 22, 2018. The change will align SmartPost dimensional weight pricing with that of FedEx Express and FedEx Ground. It also more closely aligns FedEx SmartPost dimensional weight pricing with that of UPS SurePost, although UPS still has a higher DIM factor for packages measuring less than one cubic foot. (As of this writing, UPS hasn’t announced its 2018 rate changes.)
Looking at a few examples can help illustrate the impact of this change. Consider the following three SmartPost packages, all rated using the nondiscounted FedEx SmartPost rates for zone five. The examples compare the 2017, nondimensionalized rate to the 2018 dimensionalized rate. The percentage cost increase is significant, and illustrates why the 4.9 percent announced average should be taken with a grain of salt and why changes to DIM pricing are often more impactful than other changes.
In addition, there will be changes to FedEx surcharges and other fees, also effective on Jan. 1. Notable changes for 2018 include the following:
The addition of a third-party billing surcharge of 2.5 percent of the total shipment charge for any shipment billed to a third party. The charge will apply to Express and Ground U.S. and international shipments. This more closely aligns FedEx with UPS.
The Additional Handling Surcharge for U.S. and International Express will now apply to any package that measures greater than 48 inches on its longest side, which is a change from 60 inches in 2017.
The minimum net charge for a ground package will increase to $7.58 from $7.25.
more detail at: http://www.mytotalretail.com/post/fedex-2018-general-rate-increase-and-other-changes-shipware-preliminary-analysis/