FedEx Raises Freight Unit Rates 3.9 Percent

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FedEx Raises Freight Unit Rates 3.9 Percent

by Wochit 0:39 mins

FedEx Raises Freight Unit Rates 3.9 Percent

by Wochit 0:39 mins

FedEx Corp said on Monday it will raise shipping rates on its freight business by 3.9 percent, effective March 31. The rate increase is for FedEx Freight shipments within the United States including Alaska and Hawaii, as well as Puerto Rico and the Virgin Islands, Canada and within Mexico. The world's second biggest parcel delivery company after UPS, FedEx had last year raised rates by 3.9 percent for its domestic express shipping unit, effective Jan 6. The increase is smaller than last year's, when FedEx increased freight rates by 4.5 percent, effective July.

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