MEMPHIS, TENN., Dec. 2, 2011 FedEx Corp. (NYSE: FDX) will increase shipping rates for FedEx Ground and FedEx Home Delivery by a net average of 4.9% effective January 2, 2012.
The FedEx Ground and FedEx Home Delivery full average rate increase of 5.9% will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by one percentage point. FedEx SmartPost rates also will change.
Details of surcharge changes and new rates for FedEx Ground will be available at www.fedex.com/us/2012rates on Dec. 9, 2011.
FedEx previously announced on Sept. 22, 2011 that it will increase shipping rates for FedEx Express by a net average of 3.9% for U.S. domestic, U.S. export and U.S. import services also effective January 2, 2012. FedEx Freight implemented a 6.75% general rate increase on Sept. 6, 2011.
About FedEx Corp.