FedEx said it plans to raise shipping rates by an average of 6.9% starting in January as the delivery giant copes with a global slowdown in deliveries.
The rate increase is higher than in previous years and comes days after the company slashed its profit and sales forecasts. FedEx lifted shipping rates by an average of 5.9% last year—the first time in eight years that the rise had strayed above 4.9%.
