FedEx planning rate increases

FedEx Corp. is boosting rates for its FedEx Ground and FedEx Home Delivery service a net average of 4.9% effective Jan. 2, which follows increases to its express and LTL services that were announced back in September

FedEx Corp. is boosting rates for its FedEx Ground and FedEx Home Delivery service a net average of 4.9% effective Jan. 2, which follows increases to its express and LTL services that were announced back in September.

Rates for FedEx Ground and FedEx Home Delivery are actually increasing 5.9%, but are being partially offset by adjusting their fuel surcharge thresholds down one percentage point. FedEx also plans to boost rates for its FedEx Express service by a net average of 3.9% for U.S. domestic, U.S. export and U.S. import services, also effective Jan. 2.

The company previously implemented a 6.75% general rate increase back on Sept. 6 for its FedEx Freight LTL division.

The move comes upon the heels of similar rate increases announced by rival United Parcel Service back in November.

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