FedEx Corp. said Dec. 3 it will raise the list rates for its FedEx Ground and FedEx Home Delivery services by an average of 4.9 percent, effective Jan. 4.
Memphis-based FedEx previously announced it would increase shipping rates for its FedEx Express air unit by an average of 5.9 percent for U.S. domestic and U.S. export services, also effective Jan. 4. The FedEx Express rate increase will be partially offset by adjusting the per-gallon fuel price at which the fuel surcharge begins; the move effectively reduces the fuel surcharge by two percentage points, FedEx said.
Recently, UPS Inc., FedEx's chief rival, announced an increase of 4.9 percent on its ground parcel shipments, and an average increase of 6.9 percent on air express and U.S. export shipments. The UPS increases include a 2-percent reduction in the fuel surcharges for air and international export shipments, resulting in a net increase of 4.9 percent.