FedEx to raise shipping rates

AP:

FedEx Corp. said Thursday it will raise shipping rates for its Ground and Home Delivery units by an average of 4.9 percent in 2010 — 1 percentage point less than this year’s rate hike.

FedEx announced in September it will increase shipping rates for Express packages shipped within or from the U.S. by an average of 5.9 percent in 2010, also 1 percentage point lower than FedEx’s rate increase this year. That rate is partially offset by a lower fuel surcharge.

UPS also is hiking 2010 ground rates.

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