FedEx Increasing Ground Rates, Reducing Fuel Surcharge

Federal Express (FDX) announced that it will raise rates for ground shipping by 5.9%. Fuel surcharges are getting cut by 1%. For more details see: “FedEx Ground to Raise Rates 4.9 Percent

Note that this compares to a UPS rate hike of 4.9% for ground shipping, and recent moves by the U.S. Postal Service to hike shipping rates to stave off bankruptcy.

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