Thursday, September 18, 2014
FedEx to raise rates in January 2015
Package delivery giant FedEx Corp announced it will increase shipping rates for its express, ground and freight services effective Jan. 5, 2015.
The rate hike will apply to FedEx freight shipments within the U.S., Canada and Mexico and between the U.S. and Canada and between the U.S. and Mexico, FedEx said.
The company previously raised its shipping rates in the freight business by 3.9 percent on March 31 of this year.
FedEx Corp is expected to report first-quarter results on Wednesday.
Rival United Parcel Service raised its freight rates by 4.4 percent in March.
For more of the Reuters story: reuters.com
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