FedEx Matches UPS's 4.9% Rate Hike

Every year, this time of year, America's parcel delivery heavyweights FedEx (NYSE: FDX  ) and UPS unveil their latest plans to raise the rates Americans pay for shipping.

Two weeks ago, UPS laid out its plans for near-across-the-board rate hikes of 4.9% on its delivery services, and yesterday, FedEx followed suit. In an announcement that went out just after market-close Thursday, FedEx confirmed that it will be matching UPS's 4.9% rate hike on shipments via FedEx Ground, FedEx Home Delivery, and also FedEx SmartPost, the service where FedEx uses its own facilities to move a package close to its intended recipient, then hands the packaged off to the U.S. Postal Service for "last mile" delivery.

FedEx had previously announced higher rates and surcharges for FedEx Express shipments. Those rates are going up by an average of 3.9% for U.S. domestic, U.S. export and U.S. import shipments.

All of these rate increases are slated to go into effect on Jan. 6, 2014.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2755635, ~/Articles/ArticleHandler.aspx, 5/29/2015 12:39:03 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!