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FedEx to increase shipping rates across units in 2020

Published 09/16/2019, 04:53 PM
Updated 09/16/2019, 04:56 PM
FedEx to increase shipping rates across units in 2020

(Reuters) - U.S. package delivery company FedEx Corp (N:FDX) said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9% for domestic, export and import services starting Jan. 6 next year.

There will be a similar increase for its ground and home delivery units as well, the company said in a statement.

Shipping rates at FedEx's freight unit will increase by an average of 5.9% for shipments within the U.S. and between U.S. and Canada.

The company said it would not apply additional residential surcharges during the holiday season, except for certain shipments, following a similar move by rival United Parcel Service Inc (N:UPS) last month.

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They know thew earnings are bad, thats why they send this meassage today...
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