FedEx Announces Rate Increases for 2019 as Demand Grows
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FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy.
FedEx said it would increase FedEx Express shipping rates by an average of 4.9% for domestic, U.S. export and U.S. import services.
FedEx Ground and FedEx Home Delivery shipping rates will also increase by an average of 4.9%.
However, shipping rates for the Freight division will increase by an average of 5.9% and applies to shipments within the United States — including Alaska, Hawaii, Puerto Rico and the Virgin Islands. The rate will also applicable to eligible shipments within Canada and Mexico.
FedEx had previously raised rates at the beginning of 2018.
It said under the new rates: U.S. Ground and Express package services as well as International Express package services will rise to $13.50 from $12. And, U.S. Express Freight and International Freight services will increase to $175 from $140.