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FedEx to raise air shipping rates

FedEx said Wednesday it will raise US domestic and US export shipping rates on its air-reliant Express services by a net average 3.9% from Jan. 3, 2011. It said the "full average rate increase" actually will be 5.9%, but that figure is "partially offset by adjusting the fuel price threshold at which the fuel surcharge begins," the company explained, noting that its fuel surcharge will be lowered by 2 percentage points. FedEx said in a statement that the "pricing adjustment will allow for key investments."

FedEx said Wednesday it will raise US domestic and US export shipping rates on its air-reliant Express services by a net average 3.9% from Jan. 3, 2011. It said the "full average rate increase" actually will be 5.9%, but that figure is "partially offset by adjusting the fuel price threshold at which the fuel surcharge begins," the company explained, noting that its fuel surcharge will be lowered by 2 percentage points. FedEx said in a statement that the "pricing ...

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