Fedex ground to increase 2012 rates

Memphis, tenn.--(business wire)--fedex corp. (nyse: fdx) will increase shipping rates for fedex ground and fedex home delivery by a net average of 4.9% effective january 2, 2012. the fedex ground and fedex home delivery full average rate increase of 5.9% will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by one percentage point. fedex smartpost rates also will change. details of surcharge changes and new rates for fedex ground will be available at www.fedex.com/us/2012rates on dec. 9, 2011. fedex previously announced on sept. 22, 2011 that it will increase shipping rates for fedex express by a net average of 3.9% for u.s. domestic, u.s. export and u.s. import services also effective january 2, 2012. fedex freight implemented a 6.75% general rate increase on sept. 6, 2011. about fedex corp. fedex corp. (nyse: fdx) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. with annual revenues of $40 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected fedex brand. consistently ranked among the world's most admired and trusted employers, fedex inspires its more than 290,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. for more information, visit news.fedex.com.
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