FedEx Corp. announced Monday that it is raising shipping rates beginning Jan. 1, 2018. The shipping company said that FedEx Freight, Express, Ground and Home Delivery shipping rates in the U.S. will increase by an average of 4.9%, among other rates, according to a press release. In addition, FedEx plans to charge customers additional fees for shipments with large packages and that require additional handling by the company. As of publication time the page that details the rate and surcharge increases was not functioning on FedEx’s website. The company’s stock has climbed 14.2% this year, with the S&P 500 index gaining 10.4%. FedEx announces earnings after Tuesday’s market close.
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