Tenn. based FedEx to hike ground, express delivery rates
MEMPHIS, Tenn. (AP) — FedEx says it will raise U.S. rates for express, ground and home-delivery shipments by an average of 4.9 percent in January.
The company says that rates also will change for FedEx SmartPost, which uses the U.S. Postal Service for final delivery, although it isn’t saying by how much.
The Memphis company says the express increase will apply to deliveries in, to or from the U.S. FedEx Freight will also boost prices an average of 4.9 percent within North America.
Also starting Jan. 5: New pricing that gives more emphasis to dimensions for lightweight ground-shipping packages.
Wall Street apparently approves of the move. Shares of FedEx Corp. rose 62 cents to close at $154.66 a share.