FedEx to raise shipping rates early next year

Source: Xinhua| 2018-11-06 03:52:46|Editor: yan
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WASHINGTON, Nov. 5 (Xinhua) -- U.S. logistic giant FedEx said on Monday that it would raise its shipping rates on Jan. 7, 2019.

The Tennessee-based company said its subsidiaries, including the FedEx Express, FedEx Ground and FedEx Freight, will increase their shipping rates early next year.

FedEx Express shipping rates will increase by an average of 4.9 percent for U.S. domestic, export and import services. FedEx Ground and FedEx Home Delivery shipping rates will also increase by the same percentage.

FedEx Freight shipping rates will rise by an average of 5.9 percent for shipping services in the United States, Canada and Mexico, the company said.

Last month, the United States Postal Service (USPS) proposed it would increase rates for both its mailing and shipping services on Jan. 27, 2019.

According to the proposal, USPS Mailing Services product prices would rise 2.5 percent. For USPS Shipping Services, the price of Priority Mail Express would increase 3.9 percent and the price of Priority Mail would increase 5.9 percent.

United Parcel Service (UPS), one of the major rivals of FedEx, has not announced any price changes for 2019 so far.