FedEx To Raise Shipping Rates For FedEx Express, FedEx Ground, FedEx Freight Services

FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp FDX, will increase shipping rates from January 3, 2022.
FedEx to increase FedEx Express shipping rates by an average of 5.9% for U.S. domestic, U.S. export, and U.S. import services.
FedEx Ground and FedEx Home Delivery shipping rates to increase by an average of 5.9%. FedEx Ground Economy shipping rates will also increase.
FedEx Freight shipping rates to increase by an average of 5.9% for customers who use FXF PZONE and FXF EZONE and by 7.9% for customers who use FXF 1000 and 501. FedEx Freight shipping rates will also increase for shipments within Canada, within Mexico, and between the contiguous U.S. and Mexico.
FedEx will offer customers who ship internationally with an additional option for time-definite deliveries in one to three business days, starting January 3, 2022.
Price Action: FDX shares are trading higher by 0.94% at $253.15 during the premarket session on Tuesday.