Fedex To Raise Freight Rates

AP:

FedEx Corp. said Wednesday it will increase rates for its freight and long haul less-than-truckload units by about 5.5 percent effective Jan. 14.

The general rate increase will apply to interstate and intrastate traffic, and certain shipments between the United States and Mexico and Canada.

The rate hikes follow a 4.9 percent increase at the package delivery company's ground and home delivery divisions, as well as a similar increase in air shipping rates. These rate increases will also take effect in January.

Read the whole story: AP